Global growth in exchange-traded funds (ETFs) continues unabated. Following a strong 2017 performance, when $662bn was invested in passive equity funds globally according to Morningstar Inc’s 2017 Global Asset Flows Report, expectations were high that 2018 would deliver even greater capital inflows. "Favourable market conditions across the globe in 2017 attracted the greatest flows in more than a decade," said Kevin McDevitt, a senior analyst at Morningstar Inc. "Rallying equity markets, subdued volatility and stable interest rates appear to have lifted investor confidence worldwide." Figures for Q1 2018, released in the ETFGI Global ETF and ETP industry insights report, affirmed the growing dominance of ETFs in the portfolios of global investors. ETFGI reported that a record $4.92-trillion was invested in 7,389 ETFs and other exchange-traded products listed globally during this period. This represents growth in assets under management of 1.74% over the quarter, and equates to $137b...

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