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US ETF and ETP assets hit record USD1.9trn, says ETFGI

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Assets invested in exchange-traded funds and exchange-traded products listed in the US reached a new record high of USD1.9 trillion dollars at the end of August 2014, according to research conducted by ETFGI.

Year to date net new assets of USD107.3 billion are a new record level of NNA surpassing the USD97.8 billion set in the first eight months of 2013.
 
At the end of August 2014, the US ETF/ETP industry had 1,643 ETFs/ETPs, from 63 providers listed on three exchanges.


 
New record highs in assets were reached at the end of August by ETF/ETP industries in Canada with USD67.9 billion, Asia Pacific (ex-Japan) with USD103.7 billion, Europe with USD477.4 billion, the US with USD1.91trn and globally with USD2.70trn. YTD NNA flows reached record levels for the ETF/ETP industries in Japan at USD16.5 billion, Europe at USD50.4 billion, the US at USD107.3 billion and globally at USD185.0 billion
 
In August 2014 ETFs/ETPs saw net inflows of USD14.9 billion. Equity ETFs/ETPs gathered the largest net inflows with USD6.6 billion, followed by fixed income ETFs/ETPs with USD6.6 billion, and commodity ETFs/ETPs saw net inflows of USD107m.


 
iShares gathered the largest net ETF/ETP inflows in August with USD10.6 billion, followed by Vanguard with USD5.0 billion, new entrant WBI Shares with USD1.0 billion, First Trust with USD743m and Van Eck with USD546m in net inflows in August.


 
iShares is the largest ETF/ETP provider in terms of assets with USD737.1 billion, reflecting 38.5 per cent market share, SPDR ETFs is second with USD407.4 billion and 21.3 per cent market share, followed by Vanguard with USD400.3 billion and 20.9 per cent market share. The top three ETF/ETP providers, out of 63, account for 80.8 per cent of US ETF/ETP assets, while the remaining 60 providers each have less than five per cent market share.

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