Published on 20 Mar 2024 on Zacks via Yahoo Finance

Global ETFs Soar to Record $12.3 Trillion

The global ETF market has been witnessing an unprecedented surge, with the AUM reaching a milestone of $12.3 trillion at the end of February. It saw the 57th month of consecutive net inflows, bringing in $253.04 billion in total assets in the first two months. With this, the global ETF industry had a diverse portfolio of 12,063 products, comprising 24,216 listings from 735 providers on 80 exchanges in 63 countries at the end of February.According to ETFGI's latest data report, equity ETFs attracted $141.5 billion in assets in the first two months of 2024, followed by inflows of $44.4 billion in fixed-income assets and $7.4 billion in commodities. Notably, active ETFs continued to draw investor interest, achieving net inflows of $46.12 billion in the first two months, significantly exceeding the $24.93 billion in net inflows seen in 2023. Meanwhile, U.S. assets in ETFs hit $8.5 trillion last month, surpassing the previous record of $8.19 trillion set in January.iShares Core S&P 500 ETF IVV, Vanguard S&P 500 ETF VOO, BlackRock's iShares Bitcoin Trust IBIT, Invesco QQQ Trust QQQ and Vanguard Information Technology ETF VGT have been the top asset gatherers until the end of February.We have highlighted several reasons that led to the popularity and growth of the ETF industry.

Stock Market Rally

The global stock market has been on a superb rally over the past year. The S&P 500 index gained 7.11% in the first two months of 2024. Strong corporate earnings, AI developments and renewed confidence in the tech sector have been the major drivers.