Exchange-traded funds and exchange-traded products listed in Europe gathered USD5.76bn in net new assets in June and USD32.1bn year-to-date, which outpaces the previous high of USD20.5bn at this point in 2011, according to data released by ETFGI.
Net flows combined with positive market performance during H1 2014 pushed assets in the European ETF/ETP industry to a new record high of USD470bn invested in 2,059 ETFs/ETPs, with 6,227 listings, from 50 providers listed on 25 exchanges, according to preliminary data from ETFGI’s end H1 2014 Global ETF and ETP industry insights report.
The ETF/ETP industry in most countries and regions reached new record highs in assets at the end of Q2 2014, including: globally USD2.64 trillion; in the US USD1.86 trillion; in Asia Pacific ex Japan USD96.7bn; in Japan USD90.1bn; in Canada USD65.7bn and in the Middle East and Africa USD43.5bn.
“In June investors invested almost all net new money into equity exposures with the US and emerging markets being the preferred allocations. The S&P 500 index ended up seven per cent at the end of Q2 2014, closing at an all-time high (1963) on June 20th. Internationally, developed markets gained two per cent and emerging markets are up four per cent. The positive equity market performance has helped to improve investor confidence during the first half of 2014,” says Deborah Fuhr, managing partner at ETFGI.
At the end of Q2 ETFs/ETPs had gathered a record level of USD32.1bn in net inflows nearly surpassing the full year record inflows of USD33.3bn gathered in 2012. YTD equity ETFs/ETPs gathered the largest net inflows with USD18.5bn, followed by fixed income with USD12.3bn, while commodity ETFs/ETPs had net outflows of USD427m.
YTD iShares has gathered USD12.9bn, the largest net inflows, followed by Lyxor with USD3.55bn, UBS GAM with USD3.35bn, Source with USD3.13bn and Vanguard with USD2.76bn in net inflows.
