Assets in exchange-traded products (ETPs) listed globally reached a new record of US$6.66 trillion (€5.62 trillion) at the end of July.
According to figures from the ETFGI consultancy, ETPs gathered net inflows of $79.35 billion during July, bringing year-to-date net inflows to $373.16 billion: significantly higher than the $270.21 billion gathered in the first seven months of 2019.
Assets invested in global ETPs rose 6.0%, from $6.28 trillion at the end of June 2020, to $6.66 trillion at the end of July.
ETFGI managing partner Deborah Fuhr said that the S&P 500 gained 5.6% in July, aided by the U.S. Federal Reserve stimulus and strong earnings.
“International markets also gained, with developed Ex-U.S. and emerging markets up 3.0% and 8.5%, respectively," she said.
“In developed markets Scandinavian countries benefited most, led by Norway (up 10.8%) and Sweden (up 10.1%); while Japan (down 2.0%) was the sole negative performer among developed countries.”