Investors have piled more money into ETFs over the first seven months of 2017 than they did in the whole of 2016, a London-based consultancy has revealed.
Figures compiled by ETFGI, which is run by sector veteran Deborah Fuhr, indicated that $391.26 billion had been invested in ETFs and ETPs in 2017 so far.
This sees 2017 take the crown from 2016 with five months still left to run. 2016 had itself been a record-breaking year, with $390.42 billion of inflows recorded over the 12 month period.
Independent operator ETFGI said July 2017 had seen an additional $43.48 billion added to the overall figure, marking the 41st consecutive month of inflows. ETFGI now records the size of the overall listed ETF and ETP industry as $4.27 trillion.
Fuhr said that the rise was linked to the strength of the equity market, with international and emerging markets performing particularly well. Equity ETFs/ETPs gained $29.6 billion of net inflows over the course of July.