Exchange traded funds set a new record at the end of June, with global assets breaking the $10.5 trillion mark.
Data provided to Financial News from consultancy ETFGI shows the global ETF industry managed $10.51 trillion at the end of June, up from $10.32 trillion recorded at the end of May — the previous all-time high.Data provided to Financial News from consultancy ETFGI shows the global ETF industry managed $10.51 trillion at the end of June, up from $10.32 trillion recorded at the end of May — the previous all-time high.
The global ETF sector gathered $103bn of new money in June, marking the 49th consecutive month of inflows. Since January, ETFs have garnered $376.2 billion globally. “In the US, we have also seen large firms that historically said they would never offer ETFs start to embrace them and offer them as a wrapper to investors. ETFs are being used not just for index exposure, but also active [exposure].”
Others have converted traditional active mutual funds into ETFs. Dimensional Fund Advisors switched seven mutual funds with assets of more than $44 billion to ETFs between 2021 and 2022.
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