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China and Greece, among other factors, challenged investors desire to be long equities in July, but problems in international markets and lingering fears that U.S. interest rates are set to rise did not keep cash from piling into exchange traded funds.
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In fact, the asset-gathering pace being set by U.S.-listed ETFs through the first seven months of 2015 is well ahead of prior years. U.S.-listed exchange traded products (ETPs), including ETFs and exchange traded notes (ETNs), are adding net new assets (NNA) at clip that is eight percent ahead of previous years, according to ETFGI, a London-based ETF research firm.
Through the first seven months of 2015, ETPs trading in the U.S. have added $125.1 billion in new assets, topping the seven-month record of $115.9 billion set in 2013, notes ETFGI.
With the U.S. dollar soaring, investors have strongly favored international ETFs over domestic equity funds this year. Year-to-date, eight of the top 10 asset-gathering ETFs are international funds, including three currency hedged ETFs – the WisdomTree Europe Hedged Equity Fund (NYSE: HEDJ), the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (NYSE: DBEF) and the WisdomTree Japan Hedged Equity Fund (NYSE: DXJ).
HEDJ and DBEF have added nearly $28 billion in new assets on a combined basis this year. Underscoring investors' affinity for HEDJ and DBEF is this anecdote: The next five ETFs among the top 10 asset gatherers would need to be combined to arrive at an inflows total that comes close to the new assets added by HEDJ and DBEF.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.