ETF data provider ETFGI’s May 2018 Currency Hedged ETF and ETP industry insights report reveals that currency hedged ETFs/ETPs listed globally gathered USD3.13 billion in net inflows during May. This was over 10 times the net inflows gathered during April.
Year-to-date flows are now in positive numbers but still low in comparison with the same period last year. Currency hedged ETFs/ETPs have gathered net inflows of USD2.23 billion through May, compared to USD14.3 billion at this point in 2017.
Currency hedged ETFs/ETPs listed globally gathered USD3.13 billion in net inflows during May. Year-to-date, assets invested in currency hedged ETFs/ETPs increased by 0.01 per cent.
At the end of May 2018, there were 743 currency hedged ETFs/ETPs, with 1,407 listings, assets of USD146 billion, from 68 providers on 28 exchanges in 21 countries. Year-to-date through end of May, currency hedged ETF/ETP assets have increased by 0.1 per cent, with a five-year CAGR of 38.8 per cent.
The 743 currency hedged ETFs/ETPs included ETFs/ETPs hedged against 15 different currencies, with most assets tracking exposures hedged against the US Dollar. Currency hedged ETFs/ETPs listed in the United States had assets of USD44.0 billion, while European-listed products had USD72.2 billion. Canada- and Asia Pacific (ex-Japan)-listed products had USD23.6 billion and USD4.15 billion, respectively.
During 2018, the top 20 currency hedged ETFs/ETPs have collectively gathered USD8.29 billion, ETFGI reports.
UBS ETFs gathered the largest net inflows from currency hedged ETFs/ETPs year to date with USD3.89 billion, followed by Vanguard with USD2.50 billion and Lyxor with USD587 million.