What can you say about the world of exchange-traded funds (ETFs) besides the fact that they are just red hot?
Well, we can start by looking at the numbers for August to see just how hot these investment vehicles have become. One data point that tells us a lot about just how earnest the embrace of ETFs has been is fund inflows.
In August, U.S.-listed ETFs saw approximately $15 billion in fund flows, pushing the number of total assets into the segment up by 3% to another new record total. As of the end of August, U.S.-listed exchange-traded funds held more than $1.19 trillion in assets.
Read more about what August’s red-hot ETF data means at Eagle Daily Investor.