Global ETFs and ETPs suffered record net outflows of US$16.77 billion in August after gathering near record net inflows of US$45.26 billion in July, according to ETFGI’s Global ETF and ETP industry insights report*. ETF and ETP assets have declined…
Deborah Fuhr, Managing Partner at ETFGI.
from the July record high of US$2.17 trillion to US$2.11 trillion at the end of August 2013. There are now 4,938 ETFs/ETPs, with 9,932 listings, from 211 providers listed on 57 exchanges.
“Investors‘ concern and uncertainty over the impact on markets of a potential military conflict in Syria and when and how the Fed will begin QE tapering caused investors to net withdraw US$16.77 billion from ETFs/ETPs in August” according to Deborah Fuhr, Managing Partner at ETFGI.
In August, Equity ETFs/ETPs experienced the largest net outflows with US$13.62 billion. North American/US equity ETFs/ETPs experienced the largest net outflows US$16.60 billion, followed by emerging market ETFs/ETPs with US$5.12 billion, while European equity ETFs/ETPs gathered the largest net inflows with US$5.09 billion.
In August, fixed income ETFs/ETPs saw net outflows of US$5.23 billion. Government bond ETFs/ETPs experienced the largest net outflows with US$3.65 billion, followed by inflation with US$772 million, and high yield with US$618 million, while government/corporate bond ETFs/ETPs gathered the largest net inflows with US$208 million.
Commodity ETFs/ETPs saw net outflows of US$911 million. Precious metals ETFs/ETPs experienced the largest net outflows with US$1.08 billion.
YEAR TO DATE
Year to date (YTD) through end of August 2013, global ETFs/ETPs have gathered net inflows of US$133.44 billion which is below the US$141.71 billion gathered at this time last year.
PROVIDERS of ETFs/ETPs
Vanguard ranks 1st based on August net inflows with US$3.54 billion, and 1st in YTD net inflows with US$39.71 billion. ProShares ranks 2nd based on August net inflows with US$1.61 billion and 6th in YTD net inflows with US$5.17 billion. Nomura, the 7th ranked provider by overall assets, ranks 3rd for net inflows in August with US$1.23 billion and ranks 12th with YTD inflows of US$3.09 billion. Meanwhile iShares, which ranks 1st based on overall assets, suffered net outflows of US$5.23 billion in August and ranks 2nd in YTD inflows with US$27.24 billion. SPDR ETFs, which ranks 2nd in overall assets, suffered US$19.24 billion of net outflows in August and US$7.44 billion of net outflows YTD.
*August asset and flow data for the 490 ETNs in Israel have not yet been published by the providers.