Global assets under management for exchange traded funds (ETFs) have reach record highs. It only verifies what’s been said all along: that ETFs will get more than their fair share of assets in any market recovery.
Barclays Global Investors’ (BGI) ETF Research and Implementation Strategy team have found that global assets under management for ETFs now stand at $862 billion, an all-time high for the industry. This beats the last high of $805 billion as of April 2008.
At the end of July, the total for the U.S. ETF market stood at $582 billion. Another $183 billion is in Europe. The global ETF industry had 1,768 ETFs with 3,129 listings, and assets of $862 billion from 94 providers on 42 exchanges around the world at the end of July 2009.
Year-to-date, assets under management have risen 28.2%.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.