Thanks in large part to massive inflows to fixed income funds, the global exchange-traded funds industry reached another assets under management record at the end of May with $3.143 trillion in combined AUM.
The U.S. ETF market, the largest in the world, also hit a record with a $2.229 trillion in AUM, according to ETFGI, a London-based provider of ETF data.
Adding Up Assets
“Investors put an additional $4.2 billion of net new money into fixed income ETFs in May, pushing the year to date flows figure to $42 billion, according to Factset data. While demand remained strong for actively managed fixed income mutual funds this year, up until last week, a wide variety of lower-cost ETFs that offer ...
/www.benzinga.com/trading-ideas/long-ideas/16/06/8096408/bond-etfs-propel-etf-industry-to-another-record-assets-tally alt=Bond ETFs Propel ETF Industry To Another Record Assets Tally>Full story available on Benzinga.com
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