ETF assets see January jump

ETFsAssets invested in exchange-traded funds (ETFs) and similar products listed in Europe saw a 6.83% increase in January with bonds funds benefitting the most.

Investors channelled US$9.79 billion (€8.65 billion) into ETFs and other exchange-traded products, according to ETFGI, and assets under management reached $820.23 billion.

Fixed income inflows jumped compared to January last year, with funds in the sector garnering $6.82 billion, compared to less than $2 billion in January 2018. Equity products, meanwhile, attracted positive inflows as stock markets rebounded from declines in the final few months of last year, but at $1.91 billion inflows were considerably lower than the nearly $14 billion raised in the same month last year.The Pimco US Dollar Short Maturity ETF gathered the most assets, at $735.99 million.

©2019 funds europe