MSCI claims a third of equity ETF inflows

Inflow waveIndex provider MSCI says a third of the $86 billion (€64 billion) of net new money that went into equity exchange-traded funds (ETFs) in the first six months of the year went to products based on its indices.

The firm says the $29 billion that went to MSCI-based products during the period was twice that gained by the next largest index provider, according to its own data and that of Bloomberg.

Baer Pettit, managing director and global head of MSCI’s index business, says the numbers are “further evidence of MSCI’s strength in the ETF market”.

The company says there are more than 650 ETFs tracking its indices as of June 30, a figure that includes all share classes of the ETFs but only primary listings. It says 75 ETFs were launched in the first half of the year that track its indices and that these new funds attracted $1.5 billion in new money.

MSCI estimates that, overall, more than $9 trillion is benchmarked to its indices.

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