ETFGI reports assets invested in ETFs and ETPs listed in Europe reach a new record of US$599 billion at the end of January 2017
ETFGI reports assets invested in ETFs and ETPs listed in Europe reach a new record of US$599 billion at the end of January 2017
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 — February 21, 2017 — ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today assets invested in ETFs/ETPs listed in Europe reached a new record high of US$599 billion at the end January 2017 surpassing the prior record of US$573 billion set at the end of December 2016.
ETFs/ETPs listed in Europe gathered $11.03 Bn of net new assets in January marking the 29th consecutive month of net inflows, according to preliminary data from ETFGI’s January 2017 global ETF and ETP industry insights report (click here to view the ETFGI European listed ETF/ETP asset growth chart).
Record levels of assets under management were reached at the end of January for ETFs/ETPs listed globally at US$3.689 trillion, in the United States at US$2.641 trillion, in Europe at US$598.76 billion, in Asia Pacific ex Japan at US$132.87 billion, and in Canada at US$88.84 billion.
At the end of January 2017, the European ETF/ETP industry had 2,230 ETFs/ETPs, with 7,003 listings, assets of US$599 Bn, from 57 providers on 25 exchanges in 21 countries.
“Investors favour equities over commodities and fixed income during January as equity markets had a good start to 2017. Developed markets outside the US and emerging markets showed strong performance in January up 3.2% and 5.1% respectively while the S&P 500 index was up 1.9% and the DJIA index was up 0.6% in January,” according to Deborah Fuhr, managing partner and co-founder of ETFGI.
ETFs and ETPs listed in Europe gathered net inflows of $11.03 Bn in January. At this point last year there were net inflows of $3.02 Bn.
Equity ETFs/ETPs saw net inflows of $7.47 Bn in January, which is greater than the net inflows of $855 Mn over the same period last year. European equity ETFs/ETPs gathered the largest net inflows with US$2.75 Bn, followed by ETFs/ETPs providing exposure to North American equity indices with US$2.53 Bn, and global equity ETFs/ETPs with US$2.39 Bn, while emerging market equity ETFs/ETPs experienced net outflows of US$263 Mn.
Fixed income ETFs and ETPs experienced net inflows of $2.28 Bn in January, which is greater than the same period last year which saw net inflows of $982 Mn.
Commodity ETFs/ETPs accumulated net inflows of $846 Mn in January, which is greater than the $726 Mn over the same period last year.
Actively managed products saw net inflows of $287 Mn in January, bringing year to date net inflows to $287 Mn, which is greater than the net outflows of $310 Mn over the same period last year.
iShares gathered the largest net ETF/ETP inflows in January with US$3.30 Bn, followed by SPDR ETFs with US$1.31 Bn and UBS ETFs with US$1.19 Bn 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 website www.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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Note to Editors
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. 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.