ETFGI: Global ETFs sector gathers $64.4bn in August

$529bn in 2023

The Global ETFs industry has posted net inflows of $64.4bn for the month of August, according to data by ETFGI.

This brings total net inflows since the beginning of 2023 to $529bn, the third highest on record after $833.4bn in 2021 and $558.5bn in 2022, over the same period, the research and consultancy firm said. Additionally, August 2023 marked the 51st consecutive month of net inflows into ETFs and ETPs, bringing total assets to $10.7trn. Since the end of 2022, total assets in global ETFs have risen by more than 15%, from $9.3trn in December 2022. UK wealth managers turn to fixed income and passives for ESG strategies The biggest gatherers in August were equity ETFs, with net inflows of $...