Municipal Bonds Post Best First Quarter Since 2014

ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported that ETFs and ETPs listed Globally gathered net inflows of $44.31 billion in February, bringing year-to-date net inflows to $61.66 billion.

Assets invested in the Global ETF/ETP industry finished the month up 3.15%, from $5.16 trillion at the end of January, to reach a record $5.32 Tn, according to ETFGI’s February 2019 Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service.

Highlights

  • Assets invested in the Global ETF/ETP industry reached $5.32 trillion in February 2019, the highest on record.
  • Happy 39th anniversary to the ETF industry – first ETF the TIPs – Toronto 35 Index Participation units was listed in Canada on March 9, 1990.
  • 61 consecutive months of net inflows into ETFs/ETPs listed globally.

“Throughout February markets pushed higher, resulting in the best start to the year since 1996, with major US indices comfortably erasing any hangover felt from the Q4 ’18 market rout,” according to Deborah Fuhr, managing partner and founder of ETFGI. “US-China trade talks appeared to have made good progress while Brexit stalled even with the 29th march deadline looming. Central banks in the developed economies have maintained an accommodative stance to ease growth slowdown fears, with the US Federal Reserve reiterating their new ‘patient’ policy stance.”

“The S&P 500 was up 3.21% by the end of February bringing year-to-date returns to 11.48%, similarly the S&P Europe 350 was up 3.45% for the month, with year-to-date returns of 9.89%,” Fuhr added. “The Topix 150 finished February up 0.33%, with year-to-date returns of 7.62%. Emerging and frontier markets saw more modest gains, finishing February up 0.74% and 2.62%, bringing year-to-date returns to 8.56% and 7.35%, respectively.”

At the end of February 2019, the Global ETF/ETP industry had 7,696 ETFs/ETPs, from 411 providers listed on 72 exchanges in 58 countries. Following net inflows of $44.31 Bn and market moves during the month, assets invested in the Global ETF/ETP industry increased by 3.15% from $5.16 Tn at the end of January, to $5.32 Tn.