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Abu Dhabi, UAETuesday 25 September 2018

Assets invested in US ETPs hit $3.2 trillion

Appetite for low-cost passive funds shows no sign of slowing

iShares ETPs have gained the largest inflows for the first nine months of the year. Paulo Vecina / The National
iShares ETPs have gained the largest inflows for the first nine months of the year. Paulo Vecina / The National

Assets invested in US exchange traded funds (ETFs) and other exchange traded products (ETPs) increased 24 per cent in the first nine months of the year, reaching a new record of US$3.2 trillion, according to ETFGI, with investor appetite for low-cost passive funds showing no sign of slowing.

The London-based consultancy said that ETPs picked up a record $336 billion in net inflows in the nine months to the end of September, more than double the $153bn recorded in the same period last year. The industry had more than 2,000 ETPs from 117 providers on four exchanges, marking 20 consecutive months of net inflows.

Inflows into equity ETPs in the first nine months of the year more than quadrupled to $227bn, while fixed income inflows hit a new high of $92bn, more than a third higher than last year.

On the flip side, commodity ETPs inflows fell to $771 million for the year to September 30 from $22bn during the same period last year.

iShares ETPs gathered the largest gains year-to-date with $159bn, followed by Vanguard at $106bn and Schwab ETFs with $20bn net inflows.

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