The meteoric rise in exchange-traded funds has slowed to a halt in the last three months, as assets under management globally fell over the last three months by 2.4%, according to new research.

At the beginning of the year, investors held $797bn (€540.8bn) in exchange-traded funds, which increased to $805bn by the end of April. However, over the following three months to the end of July, assets under management in ETFs fell to $786bn, a fall of 2.4% in three months.