ETFGI reports that ETFs and ETPs listed in Europe gathered net inflows of US$661 million during June 2018, the lowest net inflows since May 2015
LONDON — July 31, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Europe gathered net new assets of US$661 million during June 2018, marking the 45th consecutive month of net inflows. These were the lowest net inflows since May 2015. (All dollar values in USD unless otherwise noted.)
Highlights
- ETFs and ETPs listed in Europe gathered net new assets of $661 Mn during June 2018, marking the 45th consecutive month of net inflows.
- Fixed Income products gathered the largest net inflows during June, while Equity ETFs/ETPs experienced the largest net outflows.
- ETF/ETP assets have decreased by 1.01% during June to $811 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.
According to ETFGI’s June 2018 Europe ETF and ETP industry insights report, an annual paid-for research subscription service, equity products experienced the largest net outflows during June with net outflows of $963 Mn, while Fixed Income ETFs/ETPs gathered the largest net inflows with $1.65 Bn.
Year-to-date through end of June, ETFs/ETPs listed in Europe have seen net inflows of $33.1 Bn. Equity products gathered the largest net inflows year-to-date with $22.7 Bn, while Leveraged ETFs/ETPs experienced the largest net outflows with $756 Mn.
Europe ETF and ETP asset growth as at end of June 2018
At the end of June 2018, the Europe ETF/ETP industry had 2,307 ETFs/ETPs, with 7,732 listings, assets of $811 Bn, from 66 providers on 27 exchanges.
ETF/ETP assets have decreased by 1.01% from $820 Bn at the end of June, and increased by 1.10% year-to-date from $802 Bn at the end of 2017.
Investors have tended to invest in core, market cap and lower cost ETFs during 2018, with the iShares Core S&P 500 UCITS ETF (CSSPX SW) and iShares Core MSCI EM IMI UCITS ETF (EMIM LN) both capturing flows of $1.74 Bn. A high proportion of net inflows year-to-date can be attributed to the top 20 ETFs by net new assets, which collectively gathered $16.8 Bn.
Top 20 ETFs by YTD net inflows: Europe
| Name | Country listed | Ticker | Assets (US$ Mn) Jun-18 |
ADV (US$ Mn) Jun-18 |
NNA (US$ Mn) YTD 2018 |
| iShares Core S&P 500 UCITS ETF | Switzerland | CSSPX SW | 28,188 | 77.8 | 1,741 |
| iShares Core MSCI EM IMI UCITS ETF | UK | EMIM LN | 9,528 | 30.5 | 1,736 |
| Vanguard S&P 500 UCITS ETF | UK | VUSA LN | 23,435 | 42.3 | 1,498 |
| Xtrackers S&P 500 Swap UCITS ETF | Germany | D5BM GY | 3,779 | 17.1 | 1,050 |
| iShares $ Treasury Bond 7-10yr UCITS ETF | UK | IBTM LN | 3,058 | 7.4 | 1,009 |
| iShares Automation & Robotics UCITS ETF | UK | RBTX LN | 2,376 | 8.3 | 976 |
| iShares S&P 500 Info Tech Sector UCITS ETF | UK | IITU LN | 1,453 | 3.7 | 918 |
| iShares S&P 500 EUR Hedged UCITS ETF (Acc) | UK | IUSE LN | 3,958 | 22.4 | 867 |
| iShares Core MSCI World UCITS ETF | UK | IWDA LN | 14,277 | 38.8 | 689 |
| UBS ETFs MSCI ACWI SF UCITS ETF Hdg USD A-acc | Switzerland | ACWIU SW | 2,262 | 13.6 | 661 |
| UBS ETFs MSCI ACWI SF UCITS ETF Hdg EUR A-acc | Switzerland | ACWIE SW | 2,165 | - | 639 |
| AMUNDI ETF S&P500 EUR Hdg Daily UCITS ETF | France | 500H FP | 1,339 | 5.2 | 608 |
| SPDR S&P 500 UCITS ETF | Germany | SPY5 GY | 3,200 | 10.3 | 599 |
| AMUNDI ETF MSCI EM Mkts UCITS ETF | France | AEEM FP | 3,937 | 37.2 | 588 |
| UBS (IE) MSCI USA hdg EUR UCITS ETF A-acc | Switzerland | USEUWH SW | 1,943 | 4.8 | 562 |
| Xtrackers MSCI World Index UCITS ETF(DR)-1C | UK | XWLD LN | 3,266 | 6.5 | 561 |
| SPDR MSCI Europe Financials ETF | France | STZ FP | 1,196 | 4.8 | 552 |
| Vanguard FTSE All-World UCITS ETF | UK | VWRD LN | 2,103 | 4.9 | 540 |
| LYXOR BARCLAYS FLOAT RATE EUR 0-7Y UCITS ETF | France | FLOT FP | 1,581 | 2.0 | 528 |
| Source Bloomberg Commodity UCITS ETF | UK | CMOD LN | 1,417 | 0.5 | 517 |
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.
Similarly, the top 20 ETPs by net new assets collectively gathered $3.46 Bn year-to-date during 2018.
Top 20 ETPs by YTD net inflows: Europe
| Name | Country listed | Ticker | Assets (US$ Mn) Jun-18 |
ADV (US$ Mn) Jun-18 |
NNA (US$ Mn) YTD 2018 |
| Xtrackers Physical Gold ETC (EUR) | Germany | XAD5 GY | 2,239 | 2.5 | 1,648 |
| Xetra Gold EUR | Germany | 4GLD GY | 7,311 | 16.1 | 271 |
| Invesco Physical Gold ETC | UK | SGLD LN | 4,757 | 15.0 | 253 |
| ETFS Nickel | UK | NICK LN | 348 | 1.1 | 183 |
| ETFS Industrial Metals DJ-UBSCISM | UK | AIGI LN | 314 | 1.5 | 170 |
| Xtrackers Brent Crude Oil Booster Eur Hdg ETC | Germany | XETC GY | 257 | 0.7 | 105 |
| UBS ETC Composite USD | UK | CMCI LN | 134 | 0.0 | 103 |
| Xtrackers Physical Gold Euro Hedged ETC | Germany | XAD1 GY | 1,631 | 5.1 | 99 |
| ETFS Physical Gold | UK | PHAU LN | 6,056 | 11.9 | 85 |
| ETFS Physical Swiss Gold | UK | SGBS LN | 664 | 1.2 | 85 |
| ETFS Long JPY Short EUR | Germany | SJPS GY | 103 | 0.6 | 80 |
| Xtrackers Physical Platinum Euro Hdg ETC | Germany | XAD3 GY | 80 | 0.4 | 60 |
| Xtrackers Physical Gold ETC | UK | XGLD LN | 796 | 1.7 | 58 |
| ETFS EUR Daily Hdg Fwd All Commodities | Italy | EFCM IM | 59 | 0.0 | 57 |
| ETFS Agriculture DJ-UBSCISM | UK | AIGA LN | 289 | 0.9 | 43 |
| Boost FTSE 250 1x Short Daily ETP | UK | 1MCS LN | 67 | 0.1 | 36 |
| ETFS 5x Short USD Long EUR | Italy | USE5 IM | 53 | 1.4 | 34 |
| ETFS Short USD Long EUR | Germany | XBJQ GY | 67 | 1.7 | 34 |
| Boost WTI Oil 3x Short Daily GBP ETP | UK | 3OIS LN | 39 | 6.0 | 30 |
| Xtrackers Physical Silver Euro Hedged ETC | Germany | XAD2 GY | 146 | 1.1 | 24 |
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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