Global ETF industry grabs record cash in 2015: BlackRock
|01/04/2016||Posted by BusinessMediaguide.Com under General World News||
By Trevor Hunnicutt
(Reuters) – Investors poured $347 billion into exchange-traded funds globally during 2015, fund-manager BlackRock Inc said on Sunday, setting a new record for the industry.
BlackRock said its own haul of $130 billion in new money also set a record in global flows for its iShares ETF business, surpassing the previous annual record set in 2014, when investors added $103 billion in new money to the funds.
ETFs, generally a basket of stocks, bonds or other assets, grew at a record rate despite markets struggling in 2015 to deliver the broad gains they have posted since rebounding from read more >>>
Source : BusinessInsider.Com