Assets invested in ETFs reach record high in February
Assets invested in Exchange Traded Fund/Exchange Traded Products listed globally reached a record high of US$47.49 billion at the end of February, surpassing the previous record of US$46 billion set in January, says ETFGI, an independent research firm.
In February, assets invested in ETF/ETP reached US$32.14 billion in the United States, US$6.53 billion in Europe, US$6.53 billion in Canada and US$2.18 billion in Asia, excluding Japan, according to data from ETFGI’s February report released this week.
Significant upcoming political and economic events
Deborah Fuhr, managing partner and co-founder of ETFGI said, “US equity market performed strongly in February with the S&P 500 up 3.97% and the DJIA was up 5.17%. International equity markets continued to perform well in February with the S&P Developed Ex-U.S. BMI up 1.42% while the S&P Emerging BMI was up 3.46%.
There are significant upcoming political and economic events that investors will be watching in Europe in the next two months: the first round of the French election, a Dutch general election, the beginning of the U.K.’s “Brexit” negotiations and, officials from the EU and the IMF are once again locked in negotiations over the Greek bailout.”
First Trust leads the way
First Trust gathered the largest net ETF/ETP inflows in February with US$431 million, followed by Lyxor AM with US$297 million and PIMCO with US$262 million in net inflows.