U.S. investors favour equity ETFs

U.S. ETF flows were up US$14 billion, or 1%, in August, with assets reaching $1.91 trillion, finds a new report by National Bank Financial researchers Daniel Straus and Ling Zhang.

Since the S&P 500 was trading at new highs, equity funds attracted inflows of US$6 billion. People invested most in emerging markets and global equities.

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Still, fixed income funds also saw inflows of US$8 billion, says the report.

Through a sector breakdown, the report finds, “Both cyclical and non-cyclical consumer [sectors] saw investor interest, with a combined US$2.2 billion of new money in August, representing about 10% growth in assets.”

In particular, the “health care and industrial [sectors]…had large inflows of US$1.2 billion and US$705 million, respectively, [and] real estate, basic materials, technology, multi-sectors and telecom [were] all in positive territory.”

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