ETFs enjoyed record inflows in the first nine months of the year, as investors flocked to low-cost index tracker products.
And despite worries over the forthcoming election, this was dominated by large flows to US equities, as improving economic data in the country drew investors to the country.
Emerging markets, Japan and fixed income ETFs also saw strong interest from investors. But not every region fared so well, as Europe was shunned by index investors who pulled money from the region.
Adrift? European equity ETFs saw outflows as the region faces political and monetary troubles
Globally, ETFs – also known as exchange traded products or ETPs – collectively enjoyed inflows of $243.8billion (£197.5million), breaking the previous record of $230.4billion set last September, said BlackRock, which owns the ETF investing giant iShares.
US equity ETFs saw the biggest…