ETFGI Press Release November 2014: Europe
ETFGI’s research finds the European ETF/ETP industry gathered 5.6 billion US dollars in net new assets in November 2014
LONDON — December 9, 2014 — ETFGI’s research finds 2014 is proving to be a very good year for the European ETF/ETP industry. The ETF/ETP industry in Europe had a strong month gathering US$5.6 billion in net new asset (NNA) flows in November and has gathered a record level of US$61.8 billion in NNA year-to-date, breaking the prior full year NNA record. At the end of November 2014 the European ETF/ETP industry had 2,108 ETFs/ETPs, with 6,347 listings, from 50 providers listed on 26 exchanges.
Assets in European ETFs/ETPs were US$472.1 billion at the end of November, which is just below the record of US$477.4 billion in assets set at the end of August 2014. We expect the European ETF/ETP industry to break through the US$500 billion milestone in the first half of 2015.
The global ETF/ETP industry has reached a new record of US$2.76 trillion in assets. We expect the assets to break through the US$3 trillion milestone in the first half of 2015.
The ETF/ETP industry in the United States reached a new record of US$1.98 trillion in assets at the end of November. We expect to see assets break through the US$2 trillion milestone any day.
“Economic news in Europe during November was not positive with the OECD warning that Europe was the "locus of weakness" in the global economy - criticising the ECB's efforts to combat economic stagnation. Many found the ECB’s investment plan as lacking new money and new ideas with even the Pope criticising the plan. During November the US market continued its positive trend with both the S&P 500 and the Dow closing up 3% for the month. Developed markets ended the month up 1% while emerging markets declined 1%.” according to Deborah Fuhr, Managing Partner at ETFGI.
In November 2014 ETFs/ETPs listed in Europe saw net inflows of US$5.6 Bn. Fixed income and Equity ETFs/ETPs each gathered net inflows of US$2.8 Bn, and commodity ETFs/ETPs saw net inflows of US$68 Mn.
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