The promise of continued easy money helped equity exchange traded funds experience another great month, with investors jumping on the rally in stocks.
“The expectation that the Federal Reserve will maintain it’s QE scheme at its current size into 2014 and positive market performance encouraged investors to put net inflows of US$32.6 billion back into the market through ETFs/ETPs” Deborah Fuhr, Managing Partner at ETFGI, said in a press release.
Specifically, global equity ETFs attracted $34.6 billion in October, whereas global commodity funds lost $2.8 billion in assets and global fixed-income ETFs saw $227 million in outflows.
Year-to-date, global ETF assets expanded 19%, fueled by positive market performance and net inflows of $202.2 billion. Global equity ETFs attracted $193.9 billion in assets so far this year, whereas fixed-income ETFs saw $21.4 billion in inflows and commodity ETFs experienced $33 billion in outflows.
Regionally, North American equity ETFs were the place to be, bringing in $117.7 billion year-to-date, followed by developed Asia Pacific equity ETFs with $32.8 billion and European equity with $20.7 billion. Emerging market equity ETFs, though, saw $6.3 billion in outflows.