The consultancy firm ETFGI says assets invested globally in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) reached a record high of $3.689 trillion at the end of January, an increase from the previous record high of $3.546 trillion from last December.
For the month of January, net inflows totaled $62 billion, setting a record as well. This marked the 36th month in a row of net inflows, said ETFGI in a report released Feb. 14.
Assets in Canada hit US$88.84 billion
Of the ETF/ETP assets invested globally, the United States reached US$2.641 trillion, Europe, US$598.76 billion, Asia Pacific ex Japan, US$132.87 billion, and Canada, US$88.84 billion.
There were 293 providers listed on 65 exchanges in 53 countries. The global industry had 6,670 ETFs/ETPs from 12,588 listings.
Investors favouring equities
“Investors favour equities over commodities and fixed income during January as equity markets had a good start to 2017, ” said Deborah Fuhr, managing partner and co-founder of ETFGI. “Developed markets outside the US 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% in January.”
In January, the leading providers of ETF/ETPs were iShares with net inflows of US$19.19 billion, Vanguard with US$15.93 billion and Nomura AM with US$4.20 billion net inflows, according to ETFGI.