Manic markets drive ETF inflows to US$609bil

ETFs are on pace to approach – or even surpass – the record US$911bil addition in the low-rate-anything-goes era of 2021. — Reuters

NEW YORK: Half your coworkers might have just spent August in Europe, but there were no holiday doldrums in the booming world of exchange-traded funds (ETFs).

Fuelled by big cross-asset gyrations on Wall Street, investors added US$75bil to US ETFs last month, five times more than the same period in 2023.