The exchange-traded fund side of the asset management industry reached new heights last month.

Deborah Fuhr ETFGI Managing Partner, Founder

In March 2019, worldwide AUM in ETFs and other exchange traded products (ETPs) rose 1.42 percent to a record $5.4 trillion as of March 31, ETFGI's founder, managing partner Debbie Fuhr, confirmed yesterday. (ETFGI is an independent, London-based research shop focused on ETFs and other ETPs.) There are now 7,720 ETFs and other ETPs worldwide, offered by 412 different providers.

Asset growth last month was driven in part by net worldwide inflows of $37.48 billion, including $16.51 billion in equity products and $17.98 billion in fixed income ones. And industry flows remain highly concentrated: of that $37.48 billion in net inflows, $30.49 billion (more than 81 percent) flowed into just 20 funds. 

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