Calendar year inflows into exchange traded funds surpassed their previous full-year record at the end of October, even before a buying spree that was ignited by the election of Donald Trump as the next US President.
Barring a sharp turnaround, the final full-year net flows tally looks destined to be meaningfully higher still, after $22.2bn was pumped into US-listed ETFs last Wednesday, the day after the election, according to State Street Global Advisors, shattering the previous post-election day record of $4.9bn in 2020.
As of October 31, global net flows into the burgeoning ETF industry had hit $1.4tn, according to data from BlackRock, eclipsing 2021’s full-year record of $1.33tn.