During 2014 the ETF/ETP industry in Europe gathered a record level of USD62 billion in net new asset (NNA), breaking prior full year NNA records, according to ETFGI.
At the end of December 2014, the European ETF/ETP industry had 2,106 ETFs/ETPs, with 6,376 listings, from 49 providers on 26 exchanges.
Assets in European ETFs/ETPs ended the year at USD460 billion, which is 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 2015.
“The record level of USD62 billion of net new assets gathered by ETFs/ETPs in Europe in 2014 demonstrates that ETFs have become a preferred tool for many types of investors to implement and adjust their asset allocation. The US market outperformed other developed markets in 2014 marking the third year of double digit gains with the S&P 500 ending the year up 14%. Emerging markets gained 1% while developed markets were down 4% for the year,” says to Deborah Fuhr, managing partner of ETFGI.
There are 49 providers of ETFs/ETPs with the top 3 providers: iShares, db x/db ETC and Lyxor AM accounting for a combined market share of 68.2% which has declined from 70.7% at the end of 2013. Over the past year the market share for iShares has declined from 48.1% to 46.2% while the market shares for db x/db ETC and Lyxor AM have remained virtually unchanged going from 12.1 to 12.0% and from 10.5% to 10.0% respectively.
The number of ETFs/ETPs that have over USD1 billion in assets has increased during 2014 to 103. There has been an increase in new product launches in 2014 compared to 2013, while there have been more closures in 2014.
MSCI has the largest amount of ETF/ETP assets tracking its benchmarks reflecting a 23.7% market share, STOXX is second with a 20.0% market share, followed by S&P Dow Jones with a 13.6%.