Global ETP and ETF assets reach record $2.49trn
Exchange-traded products’ global assets reached a record high at the end of April with a total of $2.49trn (£1.41trn) being held in the offerings.
According to ETFGI’s April 2014 Global ETF and ETP Industry Insight report, ETFs and ETPs captured net new assets of $34bn in April.
Within this month of inflows, equity ETFs and ETPs were the most popular and collected a net $27.5bn.
While fixed income ETFs and ETPs saw net inflows of $6.3bn in April, commodity ETFs and ETPs were hit with net outflows of $930m during this time.
ETFGI managing director Deborah Fuhr says: “In April, as was the case in March, investors continued to show a strong preference to equity allocations. Equity markets were again choppy in April - the S&P 500 closed at an all-time high on 2 April but ended the month up less than 1 per cent.
“The Dow Jones closed the month at an all-time high of 16,581. Outside the US, developed markets improved slightly, European equities continued to strengthen, while emerging markets remained flat for the month.”