Global flows into exchange-traded products inched higher in August, with $49.4bn added, boosted by US equity inflows, while European outflows continued on a six-month outflow streak.
Investors added $49.4bn to ETPs globally in August, up from $46.9bn in July, with equities accounting for the majority of buying at 60%, compared with 42% in July. The uptick was driven largely by US equity inflows as investors continued to shun Europe amid a challenging economic environment for the region. Investors sold out of European ETPs for the sixth consecutive month, with total outflows climbing to $7.7bn, the second-highest figure on record. This sits behind the $8.9bn outflow figure in July 2016, following the Brexit vote. Global ETF flows halve in June Rising pressure...
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