Global assets invested in exchange-traded products reached a high of US$2.91 trillion as of the end of February, according to preliminary data from ETFGI.
The research firm expects assets to surpass US$3 trillion within the first half of 2015, considering there were US$50.7 billion in global, net new asset inflows in February alone.
“Investors allocated the majority of net new assets to equit[y] funds, as the U.S. market rebounded from a difficult January,” says Deborah Fuhr, managing partner of ETFGI. At the end of February, she adds, “both the S&P 500 and the Dow were up 6% for the month, and volatility declined. Developed markets were up 6% for the month, while emerging and frontier markets were up 3%.”
In terms of inflows, equity ETFs (which pulled in US$30.4 billion in new assets in February) were followed most closely by fixed income products, which saw US$15.6 billion in inflows during the same period.