Exchange-traded funds and exchange-traded products globally have gathered a record USD199 billion in net new assets through the end of Q3 2014, surpassing the previous high of USD185.8 billion set in the first three quarters of 2012.
The global ETF/ETP industry has 5,463 ETFs/ETPs, with 10,510 listings, assets of USD2.6trn, from 225 providers listed on 61 exchanges, according to preliminary data from ETFGI’s end Q3 2014 Global ETF and ETP industry insights report.
Year-to-date NNA flows reached record levels for the ETF/ETP industries in Japan at USD15.0 billion, Europe at USD47.4 billion, and globally at USD199.0 billion.
“In September investors invested the majority of net new money into North American equity exposures. Due to the ongoing situation in the Ukraine, Scotland’s referendum vote, and the Bank of England Governor’s statement that a rate increase was ‘getting closer’, investors reduced their exposure to Europe. The unfavourable geopolitical environment caused the S&P 500 to decline one per cent in September. Developed markets declined four per cent while emerging markets declined seven per cent,” says Deborah Fuhr, managing partner at ETFGI.
In September 2014, ETFs/ETPs saw net inflows of USD13.2 billion. Equity ETFs/ETPs gathered the largest net inflows with USD14.8 billion, while fixed income ETFs/ETPs saw net outflows of USD449 million and commodity ETFs/ETPs experienced net outflows of USD1.5 billion.
SPDR ETFs gathered the largest net ETF/ETP inflows in September with USD10.5 billion, followed by Vanguard with USD7.0 billion, First Trust with USD939 million, Van Eck with USD858 million and Wisdom Tree with USD789 million.
iShares is the largest ETF/ETP provider in terms of assets with USD980.3 billion, reflecting 37.3 per cent market share; SPDR ETFs is second with USD431.6 billion and 16.4 per cent market share, followed by Vanguard with USD406.8 billion and 15.5 per cent market share. The top three ETF/ETP providers, out of 225, account for 69.3 per cent of global ETF/ETP assets, while the remaining 222 providers each have less than four per cent market share.
