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Global ETFs/ETPs gather USD35.8 billion in net new assets

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Global exchange-traded funds/exchange-traded products gathered USD35.8 billion in net new assets in October 2014, according to research by ETFGI.

Year-to-date ETFs and ETPs globally have gathered a record USD233.0bn in NNA through the end of October 2014, surpassing the previous high of USD205.2bn set in the first 10 months of 2013.
 
At the end of October 2014, the global ETF/ETP industry had 5,516 ETFs/ETPs, with 10,628 listings, from 228 providers listed on 61 exchanges with assets of USD2.68trn, which is down slightly from the record high of USD2.70trn at the end of August 2014, according to preliminary data from ETFGI’s end October 2014 Global ETF and ETP industry insights report.
 
Year-to-date NNA flows reached record levels for the ETF/ETP industries in Japan with USD15.7bn, Europe with USD56.1bn, and globally with USD233.4bn. Assets invested in the US-listed ETF/ETP industry hit a new record high of USD1.95trn.
 
In October the global ETF/ETP industry gathered a record level of NNA into fixed income products, with USD20.3bn surpassing the prior high of USD16.2bn set in February 2014. US-listed ETFs/ETPs also registered a record level of monthly NNA into fixed income products, gathering USD16.3bn surpassing the prior record of USD13.5bn set in February 2014.
 
“October was a challenging month with increasing macroeconomic concerns over deflation fears in Europe, the ECB’s stimulus programme, Germany cutting GDP forecasts due to “geopolitical crisis”, dismal employment figures in France, 25 of around 130 European banks having reported to have failed the ECB’s ‘stress test’, and questions over the UK’s continued membership in the European Common Market. At the end of the month the markets reacted positively to the Bank of Japan’s announcement of new annual purchasing targets of JPY80trn in bonds and JPY3trn in ETFs. The S+P 500 reached a new record, 2,017, which is up 1.2 per cent for the month and 9.2 per cent for the year. Developed markets ended the month down two per cent while emerging markets gained two per cent,” says Deborah Fuhr, managing partner at ETFGI.
 
In October 2014, ETFs/ETPs saw net inflows of USD35.8bn. Fixed income ETFs/ETPs gathered the largest net inflows with USD20.3bn, followed by equity ETFs/ETPs with USD12.7bn, and commodity ETFs/ETPs which had net outflows of USD833m.
 
iShares gathered the largest net ETF/ETP inflows in October with USD21.1bn, followed by Vanguard with USD9.4bn and Nomura AM with USD2.2bn net inflows.
 
iShares is the largest ETF/ETP provider in terms of assets with USD1.0trn, reflecting 37.7 per cent market share; SPDR ETFs is second with USD439bn and 16.4 per cent market share, followed by Vanguard with USD426bn and 15.9 per cent market share. The top three ETF/ETP providers, out of 227, account for 70.0 per cent of global ETF/ETP assets, while the remaining 224 providers each have less than four per cent market share.

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