Global ETF Assets Hit $9 Trillion

The Wall Street Journal2021-08-13

Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Investors poured $705 billion into exchange-traded funds through the first ...

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精彩评论

Tiramisu2020
2021-08-13
Tiramisu2020
Good
meowmeow88
2021-08-13
meowmeow88
So many types of ETFs nowadays. Anything also can ETF
- Bull_Lion:
  Vanguard for the win 👍🏼
javiery
2021-08-13
javiery
Gd read
rhengheng
2021-08-13
rhengheng
That's a lot of money
- Jordanbey:
  NIce
- Plsbegentle1:
  Hahaha
TohYangYang
2021-08-13
TohYangYang
Like pls
- pkycme:
  F
12023da1
2021-08-13
12023da1
Sky is the limit!

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Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant inve","collect":0,"end_time":0,"defaultTopTitle":"wsj.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLK":"贝莱德","FIGB":"Fidelity Investment Grade Bond ETF","TROW":"普信集团"},"translate_title":"全球ETF资产触及9万亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TROW":0.9,"BLK":0.9,"FIGB":0.9},"content_text":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.\nInvestors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.\n\nU.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.\nETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.\n“ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.\nVanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by BlackRock, the world’s No. 1 ETF manager by assets.\n\nTwo broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.\nSince asset managers got regulatory approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments, T. Rowe Price, Putnam Investments and others have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.\nJPMorgan Chase & Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.\nActive ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.\nETFs come with some risks, however. Narrow, thematic funds can concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.\n\nWith stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.\n“With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[{"id":894241799,"gmtCreate":1628833283111,"gmtModify":1633689108036,"author":{"id":"4089812543711440","authorId":"4089812543711440","name":"Tiramisu2020","avatar":"https://static.tigerbbs.com/c7923aecbb67682b46eed9d583bc08c3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"4089812543711440","idStr":"4089812543711440"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894241799","repostId":1159917110,"repostType":4,"repost":{"id":"1159917110","kind":"news","pubTimestamp":1628825559,"share":"https://www.laohu8.com/m/news/1159917110?lang=zh_CN&edition=full","pubTime":"2021-08-13 11:32","market":"us","language":"en","title":"Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159917110","media":"The Wall Street Journal","summary":"Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant inve","content":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-08-13 11:32\n\n</h4>\n</header>\n<article>\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BLK":"贝莱德","FIGB":"Fidelity Investment Grade Bond ETF","TROW":"普信集团"},"source_url":"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159917110","content_text":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.\nInvestors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.\n\nU.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.\nETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.\n“ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.\nVanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by BlackRock, the world’s No. 1 ETF manager by assets.\n\nTwo broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.\nSince asset managers got regulatory approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments, T. Rowe Price, Putnam Investments and others have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.\nJPMorgan Chase & Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.\nActive ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.\nETFs come with some risks, however. Narrow, thematic funds can concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.\n\nWith stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.\n“With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”","news_type":1,"symbols_score_info":{"TROW":0.9,"BLK":0.9,"FIGB":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894256233,"gmtCreate":1628832661422,"gmtModify":1633689114373,"author":{"id":"4091674547333280","authorId":"4091674547333280","name":"meowmeow88","avatar":"https://static.tigerbbs.com/b9e0c95f88993b5f06fcd816677a1a2f","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"4091674547333280","idStr":"4091674547333280"},"htmlText":"So many types of ETFs nowadays. Anything also can ETF","listText":"So many types of ETFs nowadays. Anything also can ETF","text":"So many types of ETFs nowadays. Anything also can ETF","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894256233","repostId":1159917110,"repostType":4,"repost":{"id":"1159917110","kind":"news","pubTimestamp":1628825559,"share":"https://www.laohu8.com/m/news/1159917110?lang=zh_CN&edition=full","pubTime":"2021-08-13 11:32","market":"us","language":"en","title":"Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159917110","media":"The Wall Street Journal","summary":"Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant inve","content":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-08-13 11:32\n\n</h4>\n</header>\n<article>\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BLK":"贝莱德","FIGB":"Fidelity Investment Grade Bond ETF","TROW":"普信集团"},"source_url":"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159917110","content_text":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.\nInvestors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.\n\nU.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.\nETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.\n“ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.\nVanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by BlackRock, the world’s No. 1 ETF manager by assets.\n\nTwo broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.\nSince asset managers got regulatory approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments, T. Rowe Price, Putnam Investments and others have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.\nJPMorgan Chase & Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.\nActive ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.\nETFs come with some risks, however. Narrow, thematic funds can concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.\n\nWith stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.\n“With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”","news_type":1,"symbols_score_info":{"TROW":0.9,"BLK":0.9,"FIGB":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5514878,"gmtCreate":1628833735209,"gmtModify":1635152615131,"authorId":3573540190522229,"author":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Bull_Lion","avatar":"https://static.tigerbbs.com/97c7d011186160cd333508e7d9191f74","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":894256233,"type":1,"supId":0,"prevId":0,"content":"Vanguard for the win 👍🏼","text":"Vanguard for the win 👍🏼","html":"Vanguard for the win 👍🏼"}],"langContent":"EN"},{"id":894264508,"gmtCreate":1628830758404,"gmtModify":1631893684662,"author":{"id":"3578269878229068","authorId":"3578269878229068","name":"javiery","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3578269878229068","idStr":"3578269878229068"},"htmlText":"Gd read","listText":"Gd read","text":"Gd read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894264508","repostId":1159917110,"repostType":4,"repost":{"id":"1159917110","kind":"news","pubTimestamp":1628825559,"share":"https://www.laohu8.com/m/news/1159917110?lang=zh_CN&edition=full","pubTime":"2021-08-13 11:32","market":"us","language":"en","title":"Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159917110","media":"The Wall Street Journal","summary":"Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant inve","content":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-08-13 11:32\n\n</h4>\n</header>\n<article>\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BLK":"贝莱德","FIGB":"Fidelity Investment Grade Bond ETF","TROW":"普信集团"},"source_url":"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159917110","content_text":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.\nInvestors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.\n\nU.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.\nETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.\n“ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.\nVanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by BlackRock, the world’s No. 1 ETF manager by assets.\n\nTwo broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.\nSince asset managers got regulatory approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments, T. Rowe Price, Putnam Investments and others have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.\nJPMorgan Chase & Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.\nActive ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.\nETFs come with some risks, however. Narrow, thematic funds can concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.\n\nWith stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.\n“With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”","news_type":1,"symbols_score_info":{"TROW":0.9,"BLK":0.9,"FIGB":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":894282020,"gmtCreate":1628829562260,"gmtModify":1633689135024,"author":{"id":"3577612953569737","authorId":"3577612953569737","name":"rhengheng","avatar":"https://static.tigerbbs.com/58bf6b16a89ff371c6c0942ad99039ea","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3577612953569737","idStr":"3577612953569737"},"htmlText":"That's a lot of money","listText":"That's a lot of money","text":"That's a lot of money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894282020","repostId":1159917110,"repostType":4,"repost":{"id":"1159917110","kind":"news","pubTimestamp":1628825559,"share":"https://www.laohu8.com/m/news/1159917110?lang=zh_CN&edition=full","pubTime":"2021-08-13 11:32","market":"us","language":"en","title":"Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159917110","media":"The Wall Street Journal","summary":"Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant inve","content":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-08-13 11:32\n\n</h4>\n</header>\n<article>\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BLK":"贝莱德","FIGB":"Fidelity Investment Grade Bond ETF","TROW":"普信集团"},"source_url":"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159917110","content_text":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.\nInvestors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.\n\nU.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.\nETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.\n“ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.\nVanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by BlackRock, the world’s No. 1 ETF manager by assets.\n\nTwo broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.\nSince asset managers got regulatory approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments, T. Rowe Price, Putnam Investments and others have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.\nJPMorgan Chase & Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.\nActive ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.\nETFs come with some risks, however. Narrow, thematic funds can concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.\n\nWith stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.\n“With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”","news_type":1,"symbols_score_info":{"TROW":0.9,"BLK":0.9,"FIGB":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5514270,"gmtCreate":1628829705889,"gmtModify":1635152663720,"authorId":3577008659344634,"author":{"id":3577008659344634,"idStr":"3577008659344634","authorId":3577008659344634,"name":"Jordanbey","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":894282020,"type":1,"supId":0,"prevId":0,"content":"NIce","text":"NIce","html":"NIce"},{"id":5514387,"gmtCreate":1628830398460,"gmtModify":1635152655137,"authorId":3586127874794069,"author":{"id":3586127874794069,"idStr":"3586127874794069","authorId":3586127874794069,"name":"Plsbegentle1","avatar":"https://static.tigerbbs.com/2c3a6a2bf32594e65068fb5020652465","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":894282020,"type":1,"supId":5514270,"prevId":0,"content":"Hahaha","text":"Hahaha","html":"Hahaha"}],"langContent":"EN"},{"id":894286185,"gmtCreate":1628829457547,"gmtModify":1633689135740,"author":{"id":"3584395488031951","authorId":"3584395488031951","name":"TohYangYang","avatar":"https://static.tigerbbs.com/3e76cb2a204369fb8e5eb9e84a258516","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3584395488031951","idStr":"3584395488031951"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894286185","repostId":1159917110,"repostType":4,"repost":{"id":"1159917110","kind":"news","pubTimestamp":1628825559,"share":"https://www.laohu8.com/m/news/1159917110?lang=zh_CN&edition=full","pubTime":"2021-08-13 11:32","market":"us","language":"en","title":"Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159917110","media":"The Wall Street Journal","summary":"Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant inve","content":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-08-13 11:32\n\n</h4>\n</header>\n<article>\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BLK":"贝莱德","FIGB":"Fidelity Investment Grade Bond ETF","TROW":"普信集团"},"source_url":"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159917110","content_text":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.\nInvestors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.\n\nU.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.\nETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.\n“ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.\nVanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by BlackRock, the world’s No. 1 ETF manager by assets.\n\nTwo broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.\nSince asset managers got regulatory approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments, T. Rowe Price, Putnam Investments and others have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.\nJPMorgan Chase & Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.\nActive ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.\nETFs come with some risks, however. Narrow, thematic funds can concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.\n\nWith stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.\n“With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”","news_type":1,"symbols_score_info":{"TROW":0.9,"BLK":0.9,"FIGB":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5514245,"gmtCreate":1628829524081,"gmtModify":1635152665324,"authorId":3572041120390941,"author":{"id":3572041120390941,"idStr":"3572041120390941","authorId":3572041120390941,"name":"pkycme","avatar":"https://static.tigerbbs.com/2c8abf6e02924915f7b31ba778563bcc","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":894286185,"type":1,"supId":0,"prevId":0,"content":"F","text":"F","html":"F"}],"langContent":"EN"},{"id":894281565,"gmtCreate":1628829356757,"gmtModify":1631893782257,"author":{"id":"4090063080790530","authorId":"4090063080790530","name":"12023da1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"4090063080790530","idStr":"4090063080790530"},"htmlText":"Sky is the limit!","listText":"Sky is the limit!","text":"Sky is the limit!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894281565","repostId":1159917110,"repostType":4,"repost":{"id":"1159917110","kind":"news","pubTimestamp":1628825559,"share":"https://www.laohu8.com/m/news/1159917110?lang=zh_CN&edition=full","pubTime":"2021-08-13 11:32","market":"us","language":"en","title":"Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159917110","media":"The Wall Street Journal","summary":"Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant inve","content":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal ETF Assets Hit $9 Trillion<blockquote>全球ETF资产达9万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-08-13 11:32\n\n</h4>\n</header>\n<article>\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。</blockquote> Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.<blockquote>晨星公司的数据显示，今年前7个月，投资者向交易所交易基金投入了7050亿美元，使2021年全球基金总额达到创纪录的9.1万亿美元。</blockquote> Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.<blockquote>今年迄今为止的净流量几乎超过了2020年全年全球投资者转入ETF的7,365亿美元。数据显示，大部分现金都流入了廉价的指数跟踪基金，包括大盘股和短期债券ETF，以及提供通胀保护的产品，吸引了投资者的浓厚兴趣。</blockquote> <img src=\"https://static.tigerbbs.com/410f9d2305d06d2c68e0d7c714f34841\" tg-width=\"483\" tg-height=\"656\" width=\"100%\" height=\"auto\"><blockquote></blockquote> U.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.<blockquote>美国ETF占总额的5190亿美元，创历史新高，使美国基金的资产达到约6.6万亿美元。ETF现在持有的资金超过了指数跟踪共同基金，截至6月份，共同基金的资产约为8.8万亿美元，尽管共同基金总体上仍然控制着更多的资金，资产约为40.7万亿美元。</blockquote> ETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.<blockquote>ETF是一篮子证券，像股票一样易于交易。它们缺乏许多共同基金中的最低投资标准，通常税收效率更高，费用也更低。自1993年第一只ETF推出以来，ETF的成功远未得到保证。但对低成本投资的热情导致了过去10年ETF资产的爆炸式增长。</blockquote> “ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.<blockquote>数据公司TrackInsight的ETF研究和投资咨询主管Anaelle Ubaldino表示：“ETF可能是过去二十年来金融服务业最成功的故事。”该公司上个月也追踪了ETF突破9万亿美元大关的情况。</blockquote> Vanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a>,&nbsp;the world’s No. 1 ETF manager by assets.<blockquote>先锋集团是今年最大的吸引力，其ETF在2021年前7个月吸引了近2240亿美元。这比2021年迄今为止吸引的所有资金多45%<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>，全球资产排名第一的ETF管理人。</blockquote> <img src=\"https://static.tigerbbs.com/d38df5be26f49e34b5860d86719b885d\" tg-width=\"483\" tg-height=\"769\" width=\"100%\" height=\"auto\"><blockquote></blockquote> Two broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.<blockquote>先锋集团运营的两只广泛且廉价的股市基金最吸引了投资者的兴趣。今年迄今为止，Vanguard的500指数基金和Total Stock Market指数基金分别筹集了323亿美元和234亿美元。在2021年流入量排名前10的基金中，Vanguard管理着6只，而贝莱德的iShares ETF部门则监管着另外4只。</blockquote> Since asset managers got regulatory&nbsp;approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments,&nbsp;<a href=\"https://laohu8.com/S/TROW\">T. Rowe Price</a>,&nbsp;Putnam Investments and others&nbsp;have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.<blockquote>自2019年资产管理公司获得监管机构批准运营选股ETF以来，富达投资(Fidelity Investments)，<a href=\"https://laohu8.com/S/TROW\">T·罗·普莱斯</a>、Putnam Investments等纷纷推出主动管理型基金。这些策略类似于他们的一些共同基金策略，但对于个人投资者来说更容易获得，而且通常更便宜。Guinness Atkinson Funds和Dimensional Fund Advisors等其他公司则选择将一些共同基金转换为ETF。</blockquote> JPMorgan Chase &amp; Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.<blockquote>摩根大通推出了一些主动管理型ETF，包括去年的股票溢价收入基金，该基金在2021年迄今已从投资者那里筹集了24亿美元。这家银行业巨头周三表示，计划在2022年将管理约100亿美元资产的四只主动型共同基金转换为ETF，等待董事会批准。</blockquote> Active ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.<blockquote>主动型ETF在整个ETF市场中仍占一小部分但不断增长的部分。根据晨星公司的数据，截至7月份，非指数ETF（包括那些积极选股的ETF）持有3580亿美元的资产，约占整个ETF市场的4%。这高于一年前的1930亿美元。</blockquote> ETFs come with some risks, however. Narrow, thematic funds can&nbsp;concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.<blockquote>然而，ETF也存在一些风险。一些分析师表示，狭隘的主题基金可以将数十亿美元的资产集中在少数公司中，使它们在动荡的市场中可能容易受到流动性紧缩的影响。与此同时，跟踪指数的ETF有可能与基准不同步，这就是所谓的跟踪误差。</blockquote> <img src=\"https://static.tigerbbs.com/7685b345aab8aeb01f2056972dc2bccf\" tg-width=\"392\" tg-height=\"758\" width=\"100%\" height=\"auto\"><blockquote></blockquote> With stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.<blockquote>随着股市创下历史新高，一些人预计未来将出现更多增长。道富环球投资顾问公司SPDR美洲研究主管马特·巴托里尼(Matt Bartolini)预测，仅在美国，2021年全年的资金流入就可能达到近8000亿美元，超过过去九年流入美国共同基金的资金总和。</blockquote> “With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”<blockquote>巴托里尼先生表示：“短时间内的总流量如此令人眼花缭乱，这就引出了一个问题：2021年的流量会达到多高。”“特别是如果ETF能够进入四逗号俱乐部的话。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BLK":"贝莱德","FIGB":"Fidelity Investment Grade Bond ETF","TROW":"普信集团"},"source_url":"https://www.wsj.com/articles/global-etf-assets-hit-9-trillion-11628769548?mod=markets_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159917110","content_text":"Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.\nInvestors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion, according to data from Morningstar Inc.\nNet flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020. Most of the cash has gone into cheap, index-tracking funds, with large-cap and short-term bond ETFs, as well as products offering inflation protection, attracting significant investor interest, according to the data.\n\nU.S. ETFs accounted for a record $519 billion of the total, sending assets in U.S. funds to about $6.6 trillion. ETFs now hold more money than index-tracking mutual funds, which had about $8.8 trillion in assets as of June, though mutual funds overall still command more money, with about $40.7 trillion in assets.\nETFs are baskets of securities that are as easy to trade as a stock. They lack the investment minimums found in many mutual funds, are generally more tax efficient and carry lower fees. The success of ETFs was far from guaranteed after the first one launched in 1993. But enthusiasm for low-cost investments has led to an explosion in ETF assets over the past 10 years.\n“ETFs are probably the greatest success story in financial services over the last two decades,” said Anaelle Ubaldino, head of ETF research and investment advisory at data firm TrackInsight, which also tracked ETFs crossing the $9 trillion mark last month.\nVanguard Group has been the biggest draw this year, with its ETFs pulling in nearly $224 billion through the first seven months of 2021. That is 45% more than all the money attracted so far in 2021 by BlackRock, the world’s No. 1 ETF manager by assets.\n\nTwo broad, inexpensive stock-market funds run by Vanguard garnered the most interest from investors. Vanguard’s 500 Index Fund and Total Stock Market Index Fund pulled in $32.3 billion and $23.4 billion so far this year. Of the top 10 funds by inflows in 2021, Vanguard managed six, while BlackRock’s iShares ETF unit oversaw the other four.\nSince asset managers got regulatory approval in 2019 to run stock-picking ETFs that also shield their daily holdings, Fidelity Investments, T. Rowe Price, Putnam Investments and others have launched actively managed funds. These are similar to some of their mutual-fund strategies, yet more accessible and usually cheaper for individual investors. Others such as Guinness Atkinson Funds and Dimensional Fund Advisors have opted to convert some mutual funds into ETFs.\nJPMorgan Chase & Co. has launched some actively managed ETFs, including its Equity Premium Income fund last year, which has pulled in $2.4 billion from investors so far in 2021. The banking giant said Wednesday that it plans to convert four active mutual funds managing some $10 billion in assets into ETFs in 2022 pending approval from their boards.\nActive ETFs still represent a small but growing segment of the overall ETF market. Nonindexed ETFs, including those that actively pick stocks, carried $358 billion in assets as of July, about 4% of the overall ETF market, according to Morningstar’s data. That was up from $193 billion a year ago.\nETFs come with some risks, however. Narrow, thematic funds can concentrate billions of dollars in assets in a small roster of companies, making them potentially susceptible to a liquidity crunch in volatile markets, some analysts say. ETFs that track indexes, meanwhile, have the potential to fall out of step with benchmarks, which is known as tracking error.\n\nWith stocks hitting records, some expect more growth ahead. In the U.S. alone, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, predicts inflows for all of 2021 could reach nearly $800 billion—more than what has flowed into U.S. mutual funds in the past nine years combined.\n“With such dazzling flow totals in a short period of time, it begs the question of how high flows could get in 2021,” said Mr. Bartolini. “Particularly if ETFs can make it into the four commas club.”","news_type":1,"symbols_score_info":{"TROW":0.9,"BLK":0.9,"FIGB":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":143,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1159917110","isCrawlerRequest":true}