ETF Trends
ETF Trends

Investors scaled back into stock exchange traded funds amid October’s strong rally, according to industry data.

According to a Deutsche Bank research note, U.S.-listed exchange traded products saw new inflows of $107.8 billion in October, bringing total ETP assets to $1.07 trillion, or up 7.2% year-to-date. Globally, ETP assets under management hit $1.49 trillion, or up 6.9% year to date. [ETFs See $24 Billion Inflow in October]

Long-only ETPs garnered $22.2 billion in inflows for the month, compared to the $3.3 billion in September. Long-only fixed-income ETPs also added on $4.4 billion in new money. In contrast, long-only commodity ETPs bled $0.26 billion.

U.S.-based stock ETPs benefited the most from the risk-on sentiment, increasing by $13 billion, followed by emerging market equities with $4.8 billion, dividends at $2.8 billion and U.S. domestic cyclical sectors at $1.2 billion.

Corporate bonds ETPs also added $3.7 billion. Short-term fixed-income ETPs lost $1 billion, which shows investors are losing interest in safe-haven assets.

As a whole, ETFs continued to gain market share at the expense of futual funds, with ETF assets under management at 10.1% of mutual fund assets at the end of September.

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