Global exchange-traded fund and exchange-traded product assets fell by 3.2 per cent to USD2.32trn in January based on negative market performance and net outflows of USD7.6bn, according to preliminary findings from ETFGI.
January was a difficult month for emerging and developed equity markets.
“Concerns about economic uncertainty and unrest in emerging markets, a fear that US stocks are over bought and uncertainty over the impact of Fed tapering caused investors to take net outflows of USD7.6bn from ETFs/ETPs in January 2014,” says Deborah Fuhr, managing partner at ETFGI.
Equity ETFs/ETPs experienced the largest net outflows with USD11.8bn, followed by commodity ETFs/ETPs with USD1.9bn, while fixed income ETFs/ETPs gathered the largest net inflows with USD2.9bn.
In January Vanguard gathered the largest net ETF/ETP inflows USD4.8bn, followed by Nomura AM with USD2.4bn and First Trust with USD1.5bn net inflows while SPDR ETFs experienced the largest net ETF/ETP outflows in January with USD16.5bn, followed by iShares with USD5.6bn.
S&P Dow Jones has the largest amount of ETF/ETP assets tracking its benchmarks with USD657.1bn, reflecting 28.3 per cent market share; MSCI is second with USD323.6bn and 13.9 per cent market share, followed by Barclays with USD197.8bn and 8.5 per cent market share.