NEW YORK, January 11 (FinanceEnquiry.com) - This year a strong growth in global exchange traded funds can be expected as it attracted record cash flows in 2011 as per the Deutsche Bank.

Deutsche Bank projected that ETFs appealed global inflows of $163.8 billion last year, which is a little up from the $163 billion collected in 2010. ETFs saw a solid cash inflows than mutual funds during 2011. By November, US ETFs accounted for $95.2 billion while a much bigger US mutual fund industry managed to gather only $33.6 billion. At the same time in Europe, ETFs attracted new inflows of around Euro 18.9 billion as the October month ended, whereas mutual fund experienced outflows of Euro 15.2 billion during the same time.

European head of ETF research and strategy at Deutsche Bank , Christos Costandinides, expects net new investor inflows of between $137 billion and $190 billion in 2012, that can support global ETF asset to boost by 15-20 percent this year subject to equity markets performance.