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European ETF assets reach new record high

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ETFGI reports that assets invested in ETFs/ETPs listed in Europe reach a new record high of USD522 billion in March, marking the 18th at the end of the first quarter of 2016. Europe saw net inflows into ETFs of USD5.11 billion in March, the 18th consecutive month of net inflows. 

The  European ETF industry had 2,207 ETFs, with 6,895 listings, from 52 providers listed on 25 exchanges in 21 countries at the end of the first quarter, the firm says.
 
“US equities rebounded in March ending the month up 7 per cent. Emerging markets and Developed ex-US markets also had a strong March ending up 12.5 per cent and 7.2 per cent respectively. Based on comments from the Fed there is a growing belief that interest rates will be held lower for longer than previously anticipated. The European Central Bank cut rates and announced additional stimulus will begin in April, accelerating the rate of bond purchases from EUR60 to 80 billion per month," says Deborah Fuhr, managing partner at ETFGI.
 
In March 2016, fixed income ETFs in Europe gathered the largest net inflows with USD6.18 billion, followed by commodity ETFs with USD1.10 billion, while equity ETFs experienced net outflows of USD2.29 billion.
 
Commodity ETFs have seen a record high inflow year to date of USD4.49 billion. The previous record was USD2.01 billion in the first quarter of 2012.
 
iShares gathered the largest net ETF inflows in March with USD4.55 billion, followed by Source with USD647 million and Amundi ETF with USD559 million in net inflows.
 
Year to date, iShares gathered the largest net ETF inflows with USD6.11 billion, followed by ETF Securities with USD2.11 billion and SPDR ETFs with USD856 million in net inflows.
 
MSCI has the largest amount of ETF assets tracking its benchmarks with 22.3 per cent market share; STOXX is second with 20.4 per cent market share, followed by S&P Dow Jones with 12.4 per cent market share.
 
In March 2016, 19 new ETFs were launched by five providers and ten ETFs were closed.  

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