China and Greece, among other factors, challenged investors desire to be long equities in July, but problems in international markets and lingering fears that U.S. interest rates are set to rise did not keep cash from piling into exchange traded funds.
In fact, the asset-gathering pace being set by U.S.-listed ETFs through the first seven months of 2015 is well ahead of prior years. U.S.-listed exchange traded products (ETPs), including ETFs and exchange traded notes (ETNs), are adding net new assets (NNA) at clip that is 8 percent ahead of previous years, according to ETFGI, a London-based ETF research firm.
Through the first seven months of 2015, ETPs trading in the U.S. have added $125.1 billion in new assets, topping the seven-month record of $115.9 billion set in 2013, notes ETFGI.
With the U.S. dollar soaring, investors have strongly favored international ETFs over domestic equity funds this year. Year-to-date, eight of the top 10 asset-gathering ETFs are international ...
/www.benzinga.com/news/15/08/5752088/u-s-etfs-are-adding-assets-at-breakneck-speed alt=U.S. ETFs Are Adding Assets At Breakneck Speed>Full story available on Benzinga.com
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