ETFGI Press Release October 2014: Europe

ETFGI’s research finds ETFs/ETPs listed in Europe gathered 8.7 billion US dollars in net new assets in October 2014 and a record 56.2 billion US dollars in NNA year-to-date

LONDON — November 10, 2014 — ETFGI’s research finds ETFs/ETPs listed in Europe gathered US$8.7 Bn in net new assets (NNA) in October 2014 and a record US$56.2 Bn in NNA year-to-date, which surpasses any full year NNA for the European-listed ETF/ETP industry. At the end of October 2014 the European ETF/ETP industry had 2,111 ETFs/ETPs, with 6,323 listings, assets of US$459 Bn, from 51 providers listed on 26 exchanges, according to preliminary data from ETFGI’s end October 2014 Global ETF and ETP industry insights report.

Year-to-date NNA flows reached record levels for the ETF/ETP industries in Japan with US$15.7 Bn, Europe with US$56.2 Bn, and globally with US$233.4 Bn. Assets invested in the US-listed ETF/ETP industry hit a new record high of US$ 1.92 Tn.

“October was a challenging month with increasing macroeconomic concerns over deflation fears in Europe, the ECB’s stimulus program, Germany cutting GDP forecasts due to “geopolitical crisis”, dismal employment figures in France, 25 of around 130 European banks having reported to have failed the ECB’s “stress test”, and questions over the U.K.’s continued membership in the European Common Market. At the end of the month the markets reacted positively to the Bank of Japan’s announcement of new annual purchasing targets of ¥80 Tn in bonds and ¥3 Tn in ETFs. The S&P 500 reached a new record, 2,017, which is up 1.2% for the month and 9.2% for the year. Developed markets ended the month down 2% while emerging markets gained 2%.” according to Deborah Fuhr, Managing Partner at ETFGI.

In October 2014 ETFs/ETPs saw net inflows of US$8.7 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$5.2 Bn, followed by fixed income ETFs/ETPs with US$3.6 Bn, and commodity ETFs/ETPs which had net outflows of US$183 Mn.
 
iShares gathered the largest net ETF/ETP inflows in October with US$4.5 Bn, followed by Vanguard with US$1.7 Bn and Lyxor AM with US$1.1 Bn net inflows. Year-to-date through the end of October iShares gathered the largest net ETF/ETP inflows with US$18.4 Bn, followed by Vanguard with US$8.4 Bn and Lyxor AM with US$6.2 Bn net inflows.

iShares is the largest ETF/ETP provider in terms of assets with US$213 Bn, reflecting 46.5% market share; db x/db ETC is second with US$54 Bn and 11.8% market share, followed by Lyxor AM with US$47 Bn and 10.3% market share. The top three ETF/ETP providers, out of 51, account for 68.6% of European ETF/ETP assets, while the remaining 48 providers each have less than 5% market share.

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