Investors have ploughed half a trillion dollars into US exchange traded funds in less than eight months, eclipsing last year’s record haul in the latest sign of how booming markets have sparked a rush into the low-cost vehicles.
Net inflows into US listed ETFs are running at $505bn so far this year, topping the total for 2020 by $1bn, according to CFRA, a data and research service. Total US ETF assets under management have hit $6.6tn.
A relentless rally this year in share markets, which has brought major US indices ever further into record territory, has sent investors racing towards ETFs that track Wall Street and international equities. US-listed stock ETFs have attracted $384bn of new money so far this year, well ahead of the $249bn posted for all of last year.