US exchange-traded funds have surpassed their previous annual inflow record, highlighting strong investor preference for fund-based products.
Investors favor fund products
The latest market update says inflows into US ETFs have reached a level that exceeds the annual record. The development indicates that investors are directing more money toward funds.
ETFs are funds that trade on exchanges, giving investors access to fund products through the market. The available update does not provide the total inflow figure, identify the earlier record or name the specific funds involved.
What the record shows
The record-setting inflows mark a notable moment for the US ETF market. The central trend identified in the update is investor preference: funds are attracting enough inflows to push the annual total beyond its previous high.
Further details on the drivers of the inflows, individual fund performance and the outlook for future investment were not provided.