ETFs See August Outflows
A news release from Strategic Insight (SI), an Asset International company, said U.S. ETF assets ended July at $812 billion.
International emerging markets equity ETFs were the leaders in net inflows in August, followed, at a distance, by corporate high yield bond ETFs, gold ETFs and income & growth ETFs. This echoed the split in the traditional mutual fund market between safe-haven investments at one end of the spectrum and higher-risk investments at the other end, SI reported
“The increasing varieties of ETFs are providing investment instruments to meet a wide range of investor needs. That sort of innovation and flexibility should help drive further growth in the ETF market,” said Loren Fox, a senior research analyst at Strategic Insight, in the news release.