ETFGI Press Release October 2014: United States

ETFGI’s research finds assets invested in ETFs/ETPs listed in the United States reached a new record high of 1.92 trillion US dollars at the end of October 2014

LONDON — November 10, 2014 — ETFGI’s research finds assets invested in ETFs/ETPs listed in the United States reached a new record high of 1.92 Tn US dollars at the end of October 2014. In October 2014 ETFs/ETPs listed in the United States gathered net inflows of US$26.1 Bn, and year-to-date in the first 10 months of the year gathered net inflows of US$150.9 Bn. At the end of October 2014 the US ETF industry had 1,651 ETFs/ETPs, assets of US$1.92 Tn, from 69 providers listed on 3 exchanges, according to preliminary data from ETFGI’s end October 2014 Global ETF and ETP industry insights report.

Year-to-date net new asset (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 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, 2,018, 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$26.1 Bn. US-listed ETFs/ETPs registered a record level of monthly NNA into fixed income products, gathering US$16.3 Bn, surpassing the prior record of US$13.6 Bn set in February 2014. Equity ETFs/ETPs gathered US$9.8 Bn, while commodity ETFs/ETPs saw net outflows of US$680 Mn.
 
iShares gathered the largest net ETF/ETP inflows in October with US$18.0 Bn, followed by Vanguard with US$7.5 Bn and Schwab ETFs with US$1.2 Bn net inflows. Year-to-date iShares gathered the largest net ETF/ETP inflows with US$59.2 Bn, followed by Vanguard with US$55.0 Bn and First Trust with US$8.7 Bn net inflows.

iShares is the largest ETF/ETP provider in terms of assets with US$738 Bn, reflecting 38.5% market share; SPDR ETFs is second with US$414 Bn and 21.6% market share, followed by Vanguard with US$408 Bn and 21.3% market share. The top three ETF/ETP providers, out of 69, account for 81.4% of US ETF/ETP assets, while the remaining 66 providers each have less than 5% market share.

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