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Data Says Asian ETFs Set 7-mth High in Total Net Inflows Over Past 3 Wks
As of Wednesday (7th), total net inflows into exchange-traded funds (ETFs) investing in Asia amounted to US$8.45 billion, setting a 7-month high, Reuters quoted data from London St...
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Data Says Asian ETFs Set 7-mth High in Total Net Inflows Over Past 3 Wks
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As of Wednesday (7th), total net inflows into exchange-traded funds (ETFs) investing in Asia amounted to US$8.45 billion, setting a 7-month high, Reuters quoted data from London Stock Exchange Group (LSEG)'s Lipper.

In contrast, US equity ETFs posted net outflows for the 4th consecutive week ended Wednesday, with net outflows of US$43.5 billion.

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The data tracks 844 listed ETFs globally. According to the report, the US equity ETF net outflows coincide with the recent rise in Asian currencies, signaling a rush of capital to the region and providing attraction to offshore buyers.

Increased awareness of the need for portfolio diversification and the overcrowding investment in the Magnificent 7 stocks helped fund flows to non-US markets, including Asia, the report quoted Prashant Bhayani, chief investment officer at BNP Paribas Wealth Management, as saying.

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