Currency-hedged ETPs saw net inflows in February

currency_banknotesCurrency-hedged exchange-traded funds and products attracted net inflows throughout February, according to the latest figures from ETFGI.

Overall, February saw $3.10 billion (€2.8 billion) of new investor cash bringing year-to-date inflows to $7.17 billion.

Total assets invested in currency-hedged ETFs and ETPs decreased 2.2%, from $181 billion to $177 billion. Still, this was the third highest figure on record, according to the research firm.

February – falling on a leap year – was a turbulent month. Deborah Fuhr, founder of ETFGI said: “At the end of February, the S&P 500 was down 8.2% as coronavirus cases continued to spread and the potential economic impact weighed on investors and the markets.”

“Outside the US, the S&P Developed ex-US BMI declined nearly 9.0%. The S&P Emerging BMI lost 5.1% during the month. Global equities as measured by the S&P Global BMI ended down 8.1% with 49 of 50 included country indices down, while China gained 0.9%.”

Global smart beta ETFs and ETPs attracted net inflows of $3.4 billion during February, bringing year-to-date flows to $10.13 billion, ETFGI also reported.

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