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ETFs and ETPs had outflows of USD3.98bn in June 2013, says ETFGI


Exchange-traded funds and exchange-traded products had outflows of USD3.98bn globally in June 2013, their first net outflows in over two years, according to ETFGI.

Assets invested globally ETFs and ETPs are at USD2.04trn, down from their all-time high of USD2.13trn at the end of May 2013, according to preliminary figures from ETFGI’s Global ETF and ETP industry insights report for first half 2013.
There are now 4,849 ETFs and ETPs, with 9,878 listings, assets of USD2.04trn, from 209 providers listed on 56 exchanges. Year to date assets in ETFs and ETPs have increased by 4.9 per cent from USD1.95trn to USD2.04trn.
Average daily trading volumes in ETFs/ETPs in June were USD92.2bn, representing an increase of 31.1 per cent from May and the highest level since October 2011.
“Market uncertainty surrounding the future of QE programs and volatility in the markets caused investors to withdraw USD3.98bn from ETFs and ETPs in June” says Deborah Fuhr, managing partner at ETFGI.
Fixed income ETFs/ETPs experienced the largest net outflows with USD7.1bn, followed by commodity ETFs/ETPs with USD3.8bn, while equity ETFs/ETPs gathered net inflows with USD4.8bn.
Year to date through end of H1 2013, ETFs/ETPs have seen net inflows of USD103.9bn, which is slightly lower than the USD107.2bn of net inflows at this time last year.
In June 2013, equity ETFs/ETPs saw net inflows of USD4.8bn. North American equity ETFs/ETPs gathered the largest net inflows with USD6.9bn, and then developed European equity indices with USD3bn, while emerging market equity ETFs/ETPs experienced net outflows with USD4.9bn.
Fixed income ETFs/ETPs saw net outflows of USD7.1bn in June 2013. Inflation ETFs/ETPs experienced the largest net outflows with USD2.1bn, followed by high yield with USD2bn, and emerging market bond with USD1.8bn, while government bond ETFs/ETPs gathered net inflows with USD1.1bn.
In June 2013, commodity ETFs/ETPs saw net outflows of USD3.8bn. Precious metals experienced the largest net outflows with USD3.2bn.
Vanguard ranks third in terms of ETF/ETP assets, is ahead in asset gathering with USD28.9bn in net inflows year to date, and was the only one of the top five providers to receive net inflows in June. iShares ranks first in terms of assets, had net out flows of USD7.9bn in June, and net inflows of USD23bn year to date. SPDR ETFs ranks second in assets, had net out flows of USD2.4bn in June, and net outflows of USD6bn year to date. Powershares ranks fourth in assets, had net out flows of USD586m in June, and net inflows of USD7.16bn year to date. DB X trackers ranks fifth in terms of assets, had net out flows of USD751m in June, and net inflows of USD9m year to date.
S&P Dow Jones has the largest amount of ETF and ETP assets tracking its benchmarks with USD563bn, reflecting 27.5 per cent market share; MSCI is second with USD319bn and 15.6 per cent market share, followed by Barclays with USD188bn and 9.2 per cent market share.

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