ETFGI reports assets invested in ETFs/ETPs listed globally reached a new record high of 3.445 trillion US dollars at the end of November 2016
ETFGI reports assets invested in ETFs/ETPs listed globally reached a new record high of 3.445 trillion US dollars at the end of November 2016
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: “ETFs” are typically open-end index funds that provide daily portfolio transparency, are listed and traded on exchanges like stocks on a secondary basis as well as utilising a unique creation and redemption process for primary transactions. “ETPs” refers to other products that have similarities to ETFs in the way they trade and settle but they do not use a mutual fund structure. The use of other structures including grantor trusts, partnerships, notes and depositary receipts by ETPs can create different tax and regulatory implications for investors when compared to ETFs which are funds.
LONDON — December 20, 2016 — ETFGI, the leading independent
Net new flows gathered by ETFs/ETPs in November were very strong at US$59.02 billion during the month, marking the
Record levels of assets under management were also reached at the end of November for ETFs/ETPs listed in the United States at US$2.471 trillion, and in Canada at US$83.4 billion.
At the end of November 2016, the Global ETF/ETP industry had 6,605 ETFs/ETPs, with 12,540 listings, assets of US$3.445 trillion, from 288 providers listed on 65 exchanges in 53 countries.
“The US market had a good month in November with the S&P 500 up 3.7% and the DJIA increased 5.9%. The strong dollar caused currency headwinds for international markets International equity markets. The S&P Developed Ex-U.S. BMI declined 1.8% while the S&P Emerging BMI was down 4.7%. In Europe S&P Europe 350 gained 1.24% in November, with almost all the gains attributable to the U.K. pound rising faster than the British stock market fell. During November the VIX declined dramatically by 21.9%” according to Deborah Fuhr, co-founder and managing partner at ETFGI.
Asset gathering in November 2016 was very strong with ETFs/ETPs listed globally gathering net inflows of US$59.02 Bn. Equity ETFs/ETPs gathered the largest and a record level of net inflows for the month of November at US$64.74 Bn with the majority of NNA going into ETFs/ETPs providing exposure to the US equity market, while fixed income ETFs/ETPs experienced net outflows of US$333 Mn followed by commodity ETFs/ETPs which experienced net outflows with US$3.21 Bn. Active ETFs/ETPs gathered a record level of US$1.09 Bn in November.
YTD through
In November, SPDR ETFs gathered the largest net ETF/ETP inflows US$20.34 Bn, followed by iShares with US$18.50 Bn and Vanguard with US$10.85 Bn in net inflows.
YTD, iShares gathered the largest net ETF/ETP inflows US$114.67 Bn, followed by Vanguard with US$83.45 Bn and SPDR ETFs with US$44.02 Bn in YTD net inflows.
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Attribution Policy: The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI websitewww.etfgi.com.
About ETFGI
ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem. Launched in 2012 by Deborah Fuhr and partners in London the firm offers paid for research subscription services: the ETFGI annual research service provides monthly reports on trends in the global ETF and ETP industry, access to the ETFGI database of all ETFs/ETPs listed globally with factsheets which are updated monthly, ETFGI annual review of institutions and mutual funds that use ETFs and ETPs, the Active ETF landscape report and the Smart Beta ETF Landscape report.
Deborah Fuhr is the managing partner and co-founder of ETFGI, she previously served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. Fuhr also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
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ETFs are typically open-ended, index-based funds, with active ETFs accounting for 1.1% market share. They can be bought and sold like ordinary shares on a stock exchange and offer broad exposure across developed, emerging and frontier markets, equities, fixed income and commodities. ETFs are used widely by institutional investors and increasingly by financial advisors and retail investors to:
• equitize cash
• implement diversified exposure to a market
• comprise a core or satellite investment
• be a long term strategic investment
• implement tactical adjustments to portfolios
• use as building blocks to create entire portfolios
• allow investors to hedge the market
• use as an alternative to futures and other derivative products
Exchange Traded Products (ETPs) are products that have similarities to ETFs in the way they trade and settle but do not use an open-end fund structure. The use of other structures including unsecured debt, grantor trusts, partnerships, and commodity pools by ETPs can, in addition to a significantly different risk profile, create different tax and regulatory implications for investors when compared to ETFs, which are funds.
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