The Markets April 14, 2010
ETFs Pull in Nearly $8B in Q110
Strategic Insight (SI) said exchange-traded funds (ETFs) experienced roughly $7.7 billion of aggregate net inflows during the first quarter of 2010.
Reported by Fred Schneyer
Net inflows recovered and reached $20 billion in March, according to SI, an Asset International company. The biggest draws of inflows in Q1 2010 were taxable bond ETFs, mirroring trends seen in the larger mutual fund universe.
At the end of March, U.S. ETF assets stood at a record $815 billion, topping the previous record of $786 billion at the end of 2009.
Given that ETFs outside the U.S. already have assets of more than $300 billion, global ETF assets already top $1.1 trillion, according to SI.