| Assets under management (AUM) at European exchange-traded funds (ETF) hit a record high at the end of July, according to Thomson Reuters Lipper data, helped by a rebound in regional markets. Lipper data showed that assets under management (AUM) rose to 473.6 billion euros ($534 billion) at the end of July from 452.8 billion at the end of June, underscoring the growing popularity of low-cost passive investment vehicles among institutional as well as retail investors.
A rush into fixed income saw bond ETFs pull in 5 billion euros. U.S. equity ETFs had inflows of 1.5 billion euros, followed by global emerging market equity ETFs with 1.3 billion euros. Global equity ETFs saw 1 billion euros worth of inflows...............................................Full Article: Source
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