Assets invested in U.S.-listed exchange-traded funds and products increased by 21.2% in the first eight months of the year, setting another record of nearly $3.1 trillion, according to ETFGI, a research and consultancy firm. (ETFs make up nearly $3 trillion of the total.)
ETFs and ETPs listed globally increased by 35.5% in the January-to-August period to reach a new record of $4.8 trillion. August net flows were positive for the 43rd consecutive month.
In August, U.S.-listed ETFs and ETPs gathered $24.2 billion in net inflows, bringing year-to-date net inflows to $299.6 billion, compared with $138.9 billion at the same point last year, and $20.9 billion more than gathered in all of 2016.
“August is typically a challenging month for equity markets with the average loss over the past 20 years for the S&P 500 at 1.3%,” ETFGI managing partner Deborah Fuhr said in a statement.
Fuhr noted that in August, the S&P 500 was up 0.3% and 11.9% year to date; MSCI All Country World was up 0.4% and 15.5% year to date; and MSCI Emerging Markets was up 2.3% and 28.6%.
“Storms and political risks remain a focus for investors — the ability of the Trump administration to move forward on policy goals and hearings on Capitol Hill, Brexit negotiations, and North Korea is still an area of concern,” she said.