New business for exchange traded fund providers dropped by almost 30 per cent in the first six months of the year as equity and bond markets both fell sharply in response to soaring inflation and rising interest rates.
Global net inflows into ETFs reached $463.8bn in the first half of 2022, down 29.6 per cent from the same period last year, according to ETFGI, a London-based consultancy.
Deborah Fuhr, founder of ETFGI, said the “dismal performance by equity and bond markets in the first half of the year, the Russia-Ukraine war and China’s zero-Covid policy” had also weighed on the ETF industry. Declines in stocks and bonds this year overshadowed inflows, pushing global ETF assets to $8.6tn, down from $10.3tn at the end of December.
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