The rally in the equity market, with the S&P 500 and Dow Jones Industrial both touching new all-time highs in September, helped bring in more investment money, propelling exchange traded fund industry assets to a new record high.
Global exchange traded products, which include both ETFs and exchange traded notes, held $2.22 trillion in assets under management after attracting $35 billion in net inflows over September, according to ETFGI data. The industry now offers 4,982 ETPs, with 10,019 listings, from 212 providers on 57 exchanges. [September & Q3 ETF Performance Report]
“The Federal Reserve’s decision in their last meeting to maintain the QE scheme at its current size and positive market performance encouraged investors to put net inflows of US$35 billion back into the market through ETFs/ETPs” Deborah Fuhr, Managing Partner at ETFGI, said in a note.
So far this year, ETPs have attracted $168.9 billion in assets, compared to the $188.4 billion in inflows for the same period in 2012. Equity funds attracted the largest inflows with $29.3 billion, followed by fixed-income with $5.8 billion and commodities with $1.2 billion.
Vanguard attracted the most new assets with $45.1 billion year-to-date, followed by iShares with $41.6 billion, WisdomTree at $12 billion, PowerShares with $10.6 billion and First Trust at $5.3 billion.
For more information on ETF asset flows, visit our ETF performance reports category.
Max Chen contributed to this article.
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.