Although flows to equity funds have recently languished, the exchange-traded funds eclipsed another AUM (assets under management) record last month, finishing June with a combined $3.17 trillion in assets under management.
Exchange-traded products listed around the world added $31.38 billion in assets during the month of June marking the 29th consecutive month on net inflows, according to ETFGI, a London-based ETF research firm.
The United States is still, by far, the world's largest ETF with over $2.2 trillion in combined ETF assets at the end of June. However, record asset levels were also touched in Japan ($147.67 billion) and Canada ($79.14 billion), according to ETFGI data.
Other Milestones
Recently, milestones have been easy to come ...
/www.benzinga.com/news/16/07/8211332/another-aum-record-for-etfs alt=Another AUM Record For ETFs>Full story available on Benzinga.com
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