The Federal Open Meeting Committee revealed that at its March meeting, the central bank dropped its pledge to be “patient” before a rate hike but also diminished its projected path for an interest rate increase while growth and inflation remain depressed.
Despite the weak ETF flows last month, assets in U.S.-listed exchange traded products hit a new record of $2.132 trillion at the end of April, according to ETFGI data. Moreover, assets in Europe-listed ETPs broke through the $500 billion milestone and ended $511 billion at the end of the month.
Meanwhile, global ETP assets also fell short of breaking through the $3 trillion milestone, ending the month at $2.998 trillion.
“Some 60 percent of the market’s growth in 2015 is down to European-domiciled funds,” Marchioni added. “It’s a great vote of confidence for the region in a month we celebrated its 15 year anniversary.”
For more information on the ETF industry, visit our ETF performance reports category.
Max Chen contributed to this article.