Globally, ETF assets reached record high in January

Assets invested in ETFs and ETPs listed globally reached a record high of US$3.689 trillion at the end January 2017, surpassing the prior record of US$3.546 trillion set at the end of December 2016, says research firm ETFGI.

ETFs and ETPs gathered a record level of US$62.13 billion in net inflows in January, marking a period of three years of net inflows, adds ETFGI.

Further, record levels of assets under management were reached at the end of January for ETFs and ETPs listed globally. Out of a total US$3.689 trillion:

• the United States has US$2.641 trillion;
• Europe has US$598.76 billion;
• Asia Pacific ex Japan has US$132.87 billion; and
• Canada has US$88.84 billion.

In January, says ETFGI, “investors favour[ed] equities over commodities and fixed income,” given equity markets had a good start to 2017. “Developed markets outside the U.S. and emerging markets showed strong performance in January, up 3.2% and 5.1% respectively, while the S&P 500 index was up 1.9% and the DJIA index was up 0.6%,” says Deborah Fuhr, managing partner and co-founder of ETFGI.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.