Opalesque Industry Update - February data from TrackInsight shows that ETFs continued their growth trajectory to reach $8tln in AuM, driven by flows in North American markets and investor appetite for ESG products.
ESG ETFs, which nearly tripled assets in 2020, saw flows of $19 Billion (9%) over February to reach a new high of $210 Billion in AuM, making February the largest single-month in history in terms of ESG ETF flows. Chart: ESG ETF Flows & AuM: Jan 2019 - Feb 2021 With fortuitous timing, the first Bitcoin ETF was launched in North America in February by Purpose Investments. During the month, Bitcoin ETFs saw record-shattering growth with nearly $1/4 Billion in new flows. $4.5 Billion of assets now track Bitcoin through an ETF- a small but growing portion of its $1 Trillion market capitalization. In contrast, Gold ETFs lost their lustre over February as flows went negative, losing $5 Billion for a total of $186 Billion of AuM. Cannabis ETFs continued to dominate performance with 7 of the top 10 best-performing funds of the year targeting this nascent sector.
However, the proliferation of choices, not just in areas like ESG or Bitcoin, but across ETFs in general means investors are faced with a paradox of choice. So investors must do their homework and look beyond the headlines and media hype when picking an ETF as products that are similar on the surface may be very different when you look under the hood." TrackInsight operates a unique global platform dedicated to ETF search, analysis and selection aimed at professional investors and is recognized as the leading source of independent and reliable information on over 6,800 Exchange Traded Funds listed globally. In 2021, TrackInsight launched ESG Observatory to provide data, research and transparency on the global market for ESG ETFs. All data referenced in this release is in USD and sourced from TrackInsight as of 26/02/2021. ESG data from TrackInsight ESG Observatory as of 26/02/2021.
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Industry Updates
ESG pushes global ETF industry to $8tln
Monday, March 08, 2021
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