Dubai: Assets invested in Exchange Traded Funds/Products (ETFs) listed in the United States reached a new peak of $2.78 trillion (Dh10.2 trillion) in February.
ETFs/ETPs (Exchange Traded Products) listed in the United States gathered $47.39 billion of net new assets in February marking the 12th consecutive month of net inflows. The January figure surpassed the previous all time high of $2.641 trillion registered in January, ETFGI, the independent research and consultancy firm said.
Record levels of assets under management were reached at the end of February 2017 for ETFs/ETPs listed globally at $3.844 trillion, in the United States at $2.758 trillion, in Europe at $620 billion, in Asia Pacific ex Japan at $136 billion, Japan at $198 billion and in Canada at $91 billion.
Equity ETFs/ETPs gathered net inflows of $30.42 billion in February, bringing year to date net inflows to $58.95 billion, which is greater than the net outflows of $31.71 billion over the same period last year.
Fixed income ETFs and ETPs experienced net inflows of $11.16 billion in February, growing year to date net inflows to $23.73 billion, which is greater than the same period last year which saw net inflows of $22.46 billion.
Commodity ETFs/ETPs accumulated net inflows of $3.92 billion in February. Year to date, net inflows are at $4.09 billion, compared to net inflows of $7.96 billion over the same period last year.
The US equity market performed strongly in February with the S&P 500 up 3.97 per cent and the DJIA was up 5.17 per cent. International equity markets continued to perform well in February with the S&P Developed Ex-US BMI up 1.42 per cent while the S&P Emerging BMI was up 3.46 per cent.
