The ETF/ETP industry in Europe attracted USD5.6 billion in net new asset (NNA) flows in November and has gathered a record level of USD61.8 billion in NNA year-to-date, breaking the prior full year NNA record.
That’s according to the latest research from ETFGI which also reveals that at the end of November 2014 the European ETF/ETP industry had 2,108 ETFs/ETPs, with 6,347 listings, from 50 providers listed on 26 exchanges.
Assets in European ETFs/ETPs were USD472.1 billion at the end of November, which is just below the record of USD477.4 billion in assets set at the end of August 2014. We expect the European ETF/ETP industry to break through the USD500 billion milestone in the first half of 2015.
The global ETF/ETP industry has reached a new record of USD2.76 trillion in assets. We expect the assets to break through the USD3 trillion milestone in the first half of 2015.
The ETF/ETP industry in the United States reached a new record of USD1.98 trillion in assets at the end of November. We expect to see assets break through the USD2 trillion milestone any day.
“Economic news in Europe during November was not positive with the OECD warning that Europe was the "locus of weakness" in the global economy – criticising the ECB's efforts to combat economic stagnation. Many found the ECB’s investment plan as lacking new money and new ideas with even the Pope criticising the plan. During November the US market continued its positive trend with both the S&P 500 and the Dow closing up 3% for the month. Developed markets ended the month up 1% while emerging markets declined 1%.” according to Deborah Fuhr, Managing Partner at ETFGI.
In November 2014 ETFs/ETPs listed in Europe saw net inflows of USD5.6 billionn. Fixed income and Equity ETFs/ETPs each gathered net inflows of USD2.8 Bn, and commodity ETFs/ETPs saw net inflows of USD68 million.