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Record ETF flows in the first quarter of 2017
A record $197bn of net new money has gone into exchange-traded funds (ETFs) globally in the first quarter of this year, says ETFGI, dwarfing the $29.6 billion that was poured into these products at the same time last year.
If flows continue at this pace, the total for 2017 would reach about $788bn, easily beating last year’s record of $287.5bn. A number of factors may be driving the surge into ETFs, including their low cost compared to higher priced mutual funds.