The figure marks the highest level of NNA ever recorded by the end of July, and comes on the back of a $33.8bn global gathering last month.
However, preliminary data from ETFGI’s end of July global ETF and ETP industry insights report also revealed that total assets declined slightly to $2.62trn from a record high of $2.64trn in June.
ETFGI managing director Deborah Fuhr said almost all of the new money has been invested into equity exposures as a result of booming investor confidence.
She added that the situations in Ukraine and Gaza, on top of a poor start to the US earnings seasons, had contributed to the slump in total global assets.
“Developed markets outside the US ended the month down 2%, while emerging markets gained 2%,” she said. “Asia was also up 5%, and frontier markets grew by 4%.”
'More education'
In June, a survey by Vanguard Asset Management suggested that nearly all advisers planned to either maintain or increase their ETF allocation over the next one to two years.
Exactly half of the 220 advisers who took part said they would increase their ETF usage, while 32% said that lower costs were driving ETF usage and a quarter felt that more education was needed to help inform asset allocation decisions.
ETFGI is an independent research and consultancy firm which provides services to global institutional and professional investors, the global exchange traded fund and exchange traded product industry, its regulators, and its advisers.
