The promoters of ETFs enjoyed net inflows (+€6.6 bn) for September. This was a significant increase compared to the net inflows of €3.1 bn for August but still below the rolling 12-month average of €6.7 bn.
Discover the findings from Risk.net’s first global exchange-traded fund (ETF) trading survey, commissioned by Jane Street: insights into how institutional investors approach ETF trading, the counterparties they work with and how they evaluate liquidity.
US-listed ETFs have gathered more than $28 billion in September – a new annual high – despite the Federal Reserve hinting at interest rate hikes – a move intended to return to normal monetary policy and ward off another Great Depression.
US-based ETF investors are withdrawing en masse from currency-hedged international funds, despite advice to the contrary. The three largest currency-hedged ETFs in the US have seen combined outflows of around $3.5 billion so far this year as the US dollar has declined more than 9% against rival currencies.
Inflows into Europe-listed exchange traded products (ETFs) have considerably slowed down in August after a record 2017 so far, with all categories suffering subdued demand or even outflows.
The promoters of ETFs enjoyed net inflows (+€3.1 bn) for August. These were the lowest monthly net inflows into ETFs in Europe since November 2016 (+€3.0 bn).