Global assets under management in actively managed exchange-traded funds (ETFs) reached a record $628bn at the end of July 2023, up from $583bn at the end of June 2023 and $487.2bn at the end of December 2022.
That’s according to figures published by the research and consulting firm on 24 August.
Net inflows of $15.26bn during July 2023 marked the 40th month of consecutive net inflows.
Part of the rise in assets under management was due to increases in stock markets in both developed and emerging markets, Deborah Fuhr, managing partner of ETFGI, stated.
“There were 2,110 actively managed ETFs listed globally, with 2,626 listings, assets of $628bn, from 381 providers listed on 33 exchanges in 25 countries at the end of July,” the firm said. Three funds run by JPMorgan received the most new assets.
Read also
Exchange-traded funds and exchange-trade products automatically track an index or type of financial asset, and can be bought or sold in real time on the stock market. Many investors put their savings in ETFs because they typically have lower management fees. Actively managed ETFs and ETPs add research and fund manager insight to adjust weightings with the aim of boosting returns.