The exchange-traded funds industry may be set for a further boost in investor demand following the introduction of the US Department of Labor’s ‘fiduciary rule’ aimed at financial advisors. The rule stipulates that US-based retirement advisors must act in their clients’ best interests when recommending investment products, prioritising investment suitability and affordability over the advisor’s ability to earn fees or commissions.

Exchange-traded funds and exchange-traded products listed globally reached a new record of $4.103 trillion in assets under management at the end of May 2017, according to data from London-based ETF industry consultant ETFGI. The month also saw assets in iShares ETFs/ETPs surpass $1.5 trillion.

Assets invested in exchange-traded funds and exchange-traded products listed in Japan have reached a new record high of $209 billion at the end of April 2017, despite monthly net outflows of $837 million, according to analysis by ETF industry consultant ETFGI.

Assets invested in exchange-traded funds and exchange-traded products listed in Europe reached a new record high of $658 billion at the end of April 2017 surpassing the prior record of $640bn set at the end of Q1 2017, according to analysis by ETF industry consultant ETFGI.

Exchange-traded funds and exchange-traded products listed in the US gathered $36.1 billion in net new assets during last month, a record amount for April, according to analysis from London-based ETF industry consultant ETFGI.

Assets invested in exchange-traded funds and exchange-traded products listed globally reached the $4 trillion milestone during April, finishing the month at $4.002tn, according to analysis from London-based ETF industry consultant ETFGI.

Invesco has entered into a definitive agreement to acquire European ETF issuer Source. The transaction will add Source’s $25 billion in assets under management to Invesco’s existing global ETF AUM of approximately $120 billion. “We’re excited about this opportunity to build on Invesco’s 40 years of factor investing experience and our existing PowerShares ETF business, which will significantly enhance our ability to deliver meaningful solutions to institutional and retail clients in Europe and around the world,” said Martin L. Flanagan, president and CEO of Invesco.

State Street, a custodian and fund administrator, has announced that ETF assets under its administration have exceeded $2 trillion. The Boston-headquartered bank services 55% of the global industry’s ETF and ETP assets, according to analysis from ETF industry consultants ETFGI. Its biggest client iShares, the world’s largest ETF issuer, accounts for most of the assets.

Assets invested in exchange-traded funds and exchange-traded products listed in the United States have reached a new record high of $2.798 trillion at the end of Q1 2017, following strong net inflows of $44.4 billion during March, according to ETF industry consultant ETFGI.

Assets invested in exchange-traded funds and exchange-traded products listed in Canada reached a new record high of $92 billion at the end of Q1 2017, surpassing the prior record of $90.6bn set at the end of February 2017, according to data from London-based ETF industry consultant ETFGI.