Exchange-traded funds posted their highest monthly inflows so far this year in October, one month after suffering their first net outflows of the year. ETFs reaped $20.6 billion in October, giving the industry a total of $56.6 billion for 2006, according to a Citigroup report. That figure includes the 100 new ETFs which had launched as of the end of October.
Flows were particularly strong in October into Barclays Global Investors’ iShares Russell 2000 ETF and iShares MSCI Emerging Markets ETF, which racked up inflows of $1.3 billion and $1.2 billion, respectively.