Assets invested in ETFs, ETPs hit new record

Assets invested in ETFs and ETPs globally continued to rise in July thanks to improving markets, according to data from London-based research firm ETFGI.

Total invested assets reached a new record of US$6.66 trillion, up 6% from a month earlier. Net inflows for July were US$79.35 billion — “the third highest monthly net inflow on record,” ETFGI said in a release.

Net inflows for the year so far have reached US$373.16 billion, which is “significantly higher” than the pace of inflows a year ago, the release said.

Fixed income products recorded the largest inflow in July, at US$34.77 billion, followed by equity products (US$24.28 billion) and commodity products (US$10.32 billion).

Flows into fixed income ETFs have so far been higher than any other product category this year, at $140.63 billion, compared with $131.67 billion a year ago.

To date, flows into equity ETFs (US$112.92 billion) are slightly lower than they were a year ago (US$114.32 billion), while commodity product inflows (US$64.17 billion) are “much greater” than a year ago (US$7.76 billion).

ETFGI reported that the top 20 ETFs by new assets “collectively gathered US$30.32 billion at the end of July.” The majority were focused on the bond market.

The top 10 ETPs in July were mainly focused on gold and short-term futures, according to the release.

Staff

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