ETFGI reports that currency hedged ETFs and ETPs listed globally gathered net inflows of US$100 million during June 2018

LONDON — July 31, 2018  — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that currency hedged ETFs and ETPs listed globally gathered net new assets of US$100 million during June 2018. (All dollar values in USD unless otherwise noted.)

   Highlights 

  • Currency hedged ETFs and ETPs listed globally gathered net new assets of $100 Mn during June 2018.
  • Currency hedged ETF/ETP assets have decreased by 2.06% year-to-date at the end of June to $143 Bn.

The S&P 500 was up 0.62% in June and 2.65% in the first half of 2018. International markets (developed ex US) and Emerging markets posted losses during June and during the first half of 2018, down 1.48% and 3.40% in June and 2.45% and 6.05% in the first half, respectively, driven by a strong dollar, trade concerns, and rising interest rates.
 
At the end of June 2018, the Global Currency Hedged ETF/ETP industry had 721 ETFs/ETPs, with 1,412 listings, assets of $143 Bn, from 68 providers on 28 exchanges in 21 countries. ETF/ETP assets have decreased by 2.06% from $146 Bn at the end of 2017.

Currency Hedged ETF and ETP asset growth listed as at end of June 2018: Global



The 721 currency hedged ETFs/ETPs included ETFs/ETPs hedged against 15 different currencies, with most assets tracking exposures hedged against the US Dollar. Currency hedged ETFs/ETPs listed in the United States had assets of $42.2 Bn, while European-listed products had $72.0 Bn. Canada- and Asia Pacific (ex-Japan)-listed products had $23.4 Bn and $3.76 Bn, respectively.
 
During 2018, the top 20 currency hedged ETFs/ETPs have collectively gathered $9.13 Bn.

Top 20 ETFs/ETPs by net new assets: Currency Hedged

Name Ticker Provider Index Provider Assets
($ Mn)
Jun-18
NNA
($ Mn)
YTD-18
ADV
($ Mn)
Jun-18
Vanguard Total International Bond ETF BNDX US Vanguard Bloomberg 11,259.8 2,081.7 59.4
iShares S&P 500 EUR Hedged UCITS ETF IUSE LN iShares S&P Dow Jones 3,957.9 867.3 22.4
UBS - MSCI ACWI SF UCITS ETF (hedged to USD) ACWIU SW UBS ETFs MSCI 2,261.9 660.6 13.6
UBS - MSCI ACWI SF UCITS ETF (hedged to EUR) ACWIE SW UBS ETFs MSCI 2,164.9 638.7 -
AMUNDI ETF S&P 500 EUR Hedged Daily UCITS ETF 500H FP Amundi ETF S&P Dow Jones 1,339.3 608.2 5.2
UBS (IE) MSCI USA hedged EUR UCITS ETF USEUWH SW UBS ETFs MSCI 1,942.7 562.0 4.8
iShares MSCI World EUR Hedged UCITS ETF IWDE LN iShares MSCI 1,841.6 463.1 10.0
Lyxor S&P 500 UCITS ETF - Daily Hedged D-EUR SP5H FP Lyxor AM S&P Dow Jones 925.9 372.6 -
UBS - MSCI ACWI SF UCITS ETF (hedged to CHF) ACWIS SW UBS ETFs MSCI 1,773.2 311.3 -
iShares J.P. Morgan $ EM Bond EUR Hdg UCITS ETF EMBE LN iShares JP Morgan 2,958.6 291.3 7.3
PIMCO Monthly Income Fund PMIF CN PIMCO Other - Active 469.2 275.2 2.3
UBS (LU) MSCI UK hedged EUR UCITS ETF UKEUBH IM UBS ETFs MSCI 855.2 272.4 2.3
UBS (CH) Gold hedged CHF ETF AUCHAH SW UBS ETFs LBMA 1,250.4 242.5 2.5
UBS ETFs plc - CMCI ex-Agriculture SF UCITS ETF CCXAE SW UBS ETFs UBS 247.5 234.6 0.6
BMO Europe High Div Covered Call Hdg to CAD ETF ZWE CN BMO AM Other 781.9 225.8 3.6
UBS (LU) MSCI UK hedged USD UCITS ETF UKUSBH SW UBS ETFs MSCI 996.0 223.6 1.6
UBS (IE) BBG Commodity Index Hdg CHF UCITS ETF DCCHAS SW UBS ETFs Bloomberg 370.9 205.3 -
UBS (LU) MSCI UK hedged CHF UCITS ETF UKCHBH SW UBS ETFs MSCI 876.0 204.0 1.2
First Trust RiverFront Dynamic Developed International  RFDI US First Trust Other - Active 646.9 195.9 2.0
Xtrackers MSCI EAFE HDY Hedged Equity ETF HDEF US Deutsche Bank MSCI 188.1 189.4 12.5

Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.

 

 

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