Assets under management in exchange-traded funds (ETFs) globally fell during October’s sell off, though inflows persisted.
Assets fell 5.99% during the month (including figures for wider exchange-traded products) and landed at $4.94 trillion.
During October the S&P 500 fell 6.84% and European markets fell 7.82%.
US equities and Japanese shares were the main recipients of inflows. iShares Core S&P 500 was the highest seller, with $4.64 billion, followed by Next Funds Nikkei 225 Leveraged.
Vanguard’s S&P 500 ETF and iShares Core Nikkei 225 were also in the top ten.
Among commodities products, gold product dominated.
Deborah Fuhr founder of ETFGI which produces flow figures for ETFs and similar products, said: “Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US.”
Global inflows nevertheless were positive, $28.1 billion during October, with all regions apart from the Middle East and Africa seeing positive net flows.
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