Exchange-traded funds and exchange-traded products listed in Europe received net inflows of USD5.4bn in January 2014, according to ETFGI’s January 2014 Global ETF and ETP industry insights report.
The pattern for net flows in January was very different for ETFs and ETPs listed in the US which suffered net outflows of USD15.5bn with equity ETFs/ETPs having the largest net outflows of USD15.9bn, followed by commodity ETF/ETP net outflows of USD1.2bn, while fixed income ETFs/ETPs gathered net inflows with USD566m.
European listed ETFs and ETPs net inflows of USD5.4bn in January were composed of equity ETFs/ETPs gathering net inflows of USD4.0bn, followed by fixed income ETFs/ETPs with net inflows of USD2.1bn, while commodity ETFs/ETPs experienced net outflows of USD705m.
“The buying patterns of European based investors indicates that they are more confident about developed markets including the US than investors based in the US 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, UBS gathered the largest net ETF/ETP inflows USD1.8bn, followed by iShares with USD1.3bn.
STOXX has the largest amount of ETF assets tracking its benchmarks with USD105bn, reflecting 25.6 per cent market share. MSCI is second with USD92.7bn and 22.6 per cent market share, followed by S&P Dow Jones with USD43.4bn and 10.6 per cent market share.