ETPs thrive in July as international markets post losses

Assets invested in global exchange-traded funds (ETFs) and exchange-traded products (ETPs) nearly reached the six trillion dollar mark in July.

Positive flows throughout the month saw the total sum of investments rise to $5.74 trillion (€5.14 trillion) against a backdrop of international market losses, according to a report by research and consultancy firm ETFGI.

An increase of 1.7% from the end of June brought the figure to a new high, as investors put more than $60 billion into the asset types, the firm said.

Globally-listed equity ETFs and ETPs brought in $35.76 billion bringing the year-to-date total to $114.53 – considerably less than the $176.81 billion invested in equity products during the same period last year.

Fixed income ETFs and ETPs attracted net inflows of $18.48 billion, whilst commodity ETFs and ETPs gathered $4.27 billion bringing the total for 2019 to $7.77 billion, marking an improvement from last year which saw inflows to the tune of $2.36 billion over the same period.

According to ETFGI – which covers trends in the global ETFs/ETPs ecosystem – these inflows can be attributed to the top 20 ETFs by new assets which collectively gathered $31.05 billion in July.

The most favoured ETF was the SDPR S&P 500 ETF Trust which brought in $4.08 billion.

As of the end of July, there were nearly 8,000 ETFs and ETPs, with 15,859 listings, according to the report.

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