ETFGI’s research shows ETFs and ETPs listed in Europe have gathered a record 47.4 billion US dollars in net new assets through the end of Q3 2014..…
Deborah Fuhr, Managing Partner at ETFGI
ETFGI’s research finds that although ETFs and ETPs listed in Europe suffered net outflows of US$3.1 Bn in September they gathered a record US$47.4 Bn in net new assets through the end of Q3 2014, surpassing the previous high of US$28.0 Bn set in the first three quarters of 2011. The European ETF/ETP industry had 2,081 ETFs/ETPs, with 6,233 listings, assets of US$455.8 Bn, from 51 providers on 26 exchanges according to preliminary data from ETFGI’s end Q3 2014 Global ETF and ETP industry insights report.
YTD NNA flows reached record levels for the ETF/ETP industries in Japan at US$15.0 Bn, Europe at US$47.4 Bn, and globally at US$199.0 Bn.
“Due to the on-going situation in the Ukraine, Scotland’s referendum vote, and the Bank of England Governor’s statement that a rate increase was “getting closer”, investors reduced their exposure to Europe. The unfavourable geopolitical environment caused the S&P 500 to decline 1% in September. Developed markets declined 4% while emerging markets declined 7%.” according to Deborah Fuhr, Managing Partner at ETFGI.
In September 2014, ETFs/ETPs saw net outflows of US$3.1 Bn. Equity ETFs/ETPs experienced the largest net outflows with US$1.9 Bn, followed by commodity ETFs/ETPs with US$808 Mn, and fixed income ETFs/ETPs with US$798 Mn in net outflows.
Vanguard gathered the largest net ETF/ETP inflows in September with US$1.1 Bn, followed by Amundi with US$771 Mn, DB x-trackers/ETCs with US$663 Mn, Lyxor with US$582 Mn and UBS with US$439 Mn.
iShares is the largest ETF/ETP provider in terms of assets with US$209.8 Bn, reflecting 46.0% market share; db x/db ETC is second with US$54.4 Bn and 11.9% market share, followed by Lyxor AM with US$47.8 Bn and 10.5% market share. The top three ETF/ETP providers, out of 51, account for 68.4% of European ETF/ETP assets, while the remaining 48 providers each have less than 5% market share.