Global exchange-traded funds and exchange-traded products experienced inflows $13.5 billion of net new assets in October, which is lower than the US$40 billion of net inflows in September, according to data fromETFGI.
U.S. listed ETFs and ETPs, which traditionally account for the majority of assets, saw inflows of just US$2.7 billion or 20% of global assets October. Globally, ETFs and ETPs providing exposure to North America equities suffered net outflows of $10.1 billion. Investors and investments suffered from growing uncertainty in October over the likely outcome of the US presidential election, the impact of the fiscal cliff in the US, the likely impact of superstorm Sandy and the on-going debt concerns in the Eurozone, according toDeborah Fuhr, Managing Partner at ETFGI.
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