ETFs & Mutual Funds
Record Annual ETF Cash Haul Within Reach After Sizzling August
- Cash deluge on pace to rival record yearly intake of 2021
- Eventful mid-year stretch was ‘a recipe for strong flows’: BI
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Half your coworkers might have just spent August in Europe, but there were no holiday doldrums in the booming world of ETFs.
Fueled by big cross-asset gyrations on Wall Street, investors added $75 billion to US exchange-traded funds last month, five times more than the same period in 2023. It may well prove the tipping point that keeps inflows roaring toward another historic annual cash haul, after July saw $122 billion — the second-biggest monthly intake ever.