There's Now More Money In ETFs Than Hedge Funds

Investors have put more money into exchange-traded funds than hedge funds for the first time, according to research firm ETFGI. There was $2.971 trillion invested in the 5,823 exchange-traded products listed globally at the end of the second quarter, ETFGI said in a news release Tuesday. Meanwhile, the global hedge-fund industry had attracted $2.969 trillion. "With the positive performance of equity markets many investors have been happy with index returns and fees," ETFGI said. ETFs and other exchange-traded products are mostly index trackers. Assets in ETFs had been expected to top assets in hedge funds during the second quarter.