Asset Management

Investors’ $700bn flow to ETFs bumps up global pool to $9trn

ETFs now hold more money than index-tracking mutual funds

Investors poured $705bn into exchange-traded funds through the first seven months of the year, pushing 2021’s worldwide tally to a record $9.1trn, according to data from Morningstar Inc.

Net flows so far this year have nearly eclipsed the $736.5bn investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.

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