Near record net inflows of USD44.08bn and strong market performance helped to push global exchange-traded fund and exchange-traded product assets to USD2.16trn at the end of July 2013, according to preliminary figures from ETFGI’s Global ETF and ETP industry insights report.
There are now 4,883 ETFs/ETPs, with 9,925 listings, from 209 providers listed on 57 exchanges.
“Dovish comments from the Fed and positive market performance encouraged investors to put net inflows of USD44.08bn back into the market through ETFs/ETPs,” says Deborah Fuhr, managing partner at ETFGI.
In July, equity ETFs/ETPs gathered the largest net inflows with USD41.62bn. North American/US equity ETFs/ETPs gathered the largest net inflows with USD32.99bn, followed by European equity indices with USD3.51bn, and developed Asia Pacific equity with USD1.82bn.
Fixed income ETFs/ETPs experienced net inflows of USD5.1bn. High yield ETFs/ETPs gathered the largest net inflows with USD3.0bn, followed by government bonds with USD2.2bn, and corporate bonds with USD868m, while inflation-linked fixed income ETFs/ETPs experienced the largest net outflows with USD650m.
Commodity ETFs/ETPs saw net outflows of USD2.72bn. Precious metals ETFs/ETPs experienced the largest net outflows with USD2.19bn, followed by energy, and agriculture with net outflows of USD223m and USD175m, respectively.
SPDR ETFs ranks first based on July net inflows with USD17.8bn, and fourth YTD with USD11.8bn. Meanwhile, Vanguard ranks first based on net inflows YTD with USD36.17bn, and third in July with USD7.31bn. iShares ranks in second place for both July and YTD net inflows, with USD10.9bn and USD32.47bn, respectively. WisdomTree and PowerShares rank in third and fifth place in YTD net inflows with USD11.85bn and USD9.61bn, respectively.