The world of exchange-traded assets just keeps getting bigger.
Exchange-traded funds and exchange-traded products pulled in a record $7 trillion-plus in assets in August, with U.S.-based ETFs and ETPs accounting for some $4 trillion of those flows. The U.S., Canada, Europe and Japan’s exchange-traded markets all also reached historic highs for asset-gathering.
A key factor driving the inflows is a renewed sense of confidence among investors, Deborah Fuhr, the founder and managing partner of ETFGI, told CNBC’s “ETF Edge” on Monday.
“ETFs really busted the myths that they weren’t able to handle the significant volatility in inflows and outflows during March and April,” Fuhr said. “From there, what we’re seeing is a significant increase in the number of investors using ETFs.”
Nearly 6,000 institutions now hold about half of all ETF assets across 62 countries, Fuhr said. As for where the money’s going, fixed-income-based products top the list, with $160