stock exchange

The size of the exchange-traded products industry, which includes ETFs, rose back above US$5 trillion in January, according to a report from London-based research firm ETFGI.

ETFs and ETPs worldwide gathered net inflows of US$17.35 billion last month, ETFGI says. Assets invested in the industry finished the month up 7.13% from the previous month (at US$5.16 trillion, up from US$4.82 trillion at the end of December).

This marks 60 months of consecutive net inflows into ETPs listed globally, the firm says.

“In January, equity markets rebounded from Q4 when global equities suffered steep declines amid persistent worries over trade and economic growth,” Deborah Fuhr, managing partner and founder of ETFGI, says in a statement. “Fed chair Powell revised his stance on where he believes the neutral rate of interest lies, easing fears of a dramatic and painful tightening cycle.”

At the end of last month, ETFGI reports, the global ETP industry included 7,680 products from 408 providers, listed on 71 exchanges in 57 countries.