The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Fixed-Income Drives ETF Growth

Fixed-income has been the driver in the exchange-traded fund marketplace for the month of August. According to State Street Global Advisors’ most recent U.S. ETF Snapshot, fixed-income ETFs were up 4% in August, bringing total assets in the category to $48.59 billion. "Our advisors and institutional clients have been looking for the low-correlated exposure of [fixed-income]…we’ve seen a lot of new flows into the category and there have been a lot of fixed-income launches [this year]," said Anthony Rochte, senior managing director at SSGA. Rochte added that many investors have been using Treasury Inflation Protected Securities ETFs as inflation plays amid growing inflation concern in the U.S. and internationally.

Overall, ETFs saw $4.7 billion in net inflows in August, bringing assets to $582 billion. There are 710 ETFs in the U.S., managed by 24 ETF managers. Rochte said he has seen a continued increase of share issuances in the U.S., indicating ETF growth. "We continue to see pockets of interest, particularly in fixed-income ETFs, in what is a very difficult marketplace."

More stories from Fund Action



You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree