ETFGI reports Environmental, Social, and Governance (ESG) ETFs and ETPs listed globally gather net inflows of US$1.06 Bn during October 2018

LONDONNovember 27, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that Environmental, Social, and Governance (ESG) ETFs and ETPs listed globally gathered net inflows of US$1.06 Bn during October. Total assets invested ESG ETFs and ETPs fell 2.91% from US$22.5 Bn at the end of September, to US$21.85 Bn, according to ETFGI’s October 2018 ETF and ETP ESG industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.) 

Highlights

  • Total Assets invested in ESG ETFs and ETPs listed globally fell 2.91% to $21.85 Bn by the end of October.

  • ESG ETFs and ETPs listed globally gathered $1.06 Bn in net new assets during October.

  • Year-to-date, ESG ETFs/ETPs assets have increased 25.9% compared to 2.5% for all ETFs/ETPs listed globally.

“Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US. Developed and developing markets saw similar declines during the month. Aside from the US, where strong year-to-date performance cushioned the fall, October pushed many indices deeper into negative territory for the year. The S&P 500 fell 6.84% over the month, retaining a 3.1% gain year-to-date, while European markets fell 7.82%, bringing year-to-date decline to 9.56%. EM markets down 7.60% and Frontier markets down 3.36%, bringing year to date declines to 15.07% and 10.68%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of October 2018, there were 200 ESG classified ETFs/ETPs, with 447 listings, assets of $21.85 Bn, from 60 providers listed on 25 exchanges in 23 countries. Following net inflows of $1.06 Bn and market moves during the month, assets invested in ESG ETFs/ETPs listed globally decreased by 2.91%, from $22.5 Bn at the end of September 2018, to $21.9 Bn.

Global ESG ETF and ETP asset growth as at end of October 2018

Since the launch of the first ESG ETF/ETP in 2002, the iShares MSCI USA ESG Select ETF, the number and diversity of products has increased steadily, with 200 ESG ETFs/ETPs listed globally at the end of October. 62 new ESG ETFs/ETPs have launched during 2018, with 11 during October alone.

Substantial inflows during October can be attributed to the top 20 ESG ETFs/ETPs by net new assets, which collectively gathered $1.02 Bn. The BNP Paribas Easy Msci Europe SRI (SRIE FP) gathered $160 Mn, the largest net inflow in October. 
 

Top 20 ESG ETFs/ETPs by net new assets October 2018

Name

Ticker

Assets
(US$ Mn)
 Oct-18

ADV
(US$ Mn)
Oct-18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)
Oct-18

BNP Paribas Easy Msci Europe SRI

SRIE FP

209

0

216

160

Think Sustainable World UCITS ETF

TSWE NA

297

1

173

153

BNP Paribas Easy MSCI EM SRI UCITS ETF Cap

EMSR FP

147

0

111

100

iShares MSCI USA SRI UCITS ETF

SUAS LN

396

0

309

87

iShares MSCI EAFE ESG Optimized ETF

ESGD US

420

4

322

68

UBS ETF (LU) - MSCI EMU SRI UCITS ETF (EUR) A-dis

UIMR GY

683

1

280

58

BNP Paribas Easy Low Carbon 100 Europe UCITS ETF

ECN FP

427

0

262

58

iShares ESG US Aggregate Bond ETF

EAGG US

55

0

55

55

BNP Paribas MSCI Europe Small Caps ex Weap UCITS ETF

EESM FP

121

0

35

34

JPMorgan Glob Research Enhanced Equity UCITS ETF

JREG LN

28

0

29

29

iShares MSCI EMU ESG Screened UCITS ETF - Acc

SAUM LN

27

0

27

27

BNP Paribas Easy MSCI KLD 400 US SRI UCITS ETF

EKLD FP

55

0

53

24

iShares MSCI Europe SRI UCITS ETF

IESE LN

379

0

(17)

23

Global X Adaptive US Factor ETF

AUSF US

78

1

52

23

iShares MSCI USA ESG Select ETF

SUSA US

753

3

114

22

SPDR SSGA Gender Diversity Index ETF

SHE US

357

1

(8)

22

iShares MSCI EM ESG Optimized ETF

ESGE US

337

3

231

22

Vanguard ESG US Stock ETF

ESGV US

26

2

22

19

Amundi Index MSCI USA SRI UCITS ETF DR

USRI FP

28

0

30

18

iShares MSCI ACWI Low Carbon Target ETF

CRBN US

517

2

47

17

 

Confusion persists around what constitutes an ESG fund. According to PRI, a UN-supported initiative which seeks to understand the investment implications of ESG issues, 56% of adopters believe there is a lack of clarity in ESG definitions. ETFGI’s classification system attempts to provide greater precision, with ETFs/ETPs listed globally organised into categories, including core ESG products and theme-based groups, such as Clean/Alternative Energies and Gender Diversity. 

Please contact [email protected] if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services. 

 

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If you are interested in sponsorship or attending the 2019 ETFs Global Markets Roundtable conferences, please contact Deborah Fuhr at [email protected]

Schedule of Conferences - Specific Dates/Locations to be Announced Shortly

·         EMEA (London) – Spring 2019

·         US/Latin America (New York) – Spring 2019

·         Latin America (Toronto) – Spring/Summer 2019

·         APAC (Hong Kong) – Fall 2019

 

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 is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website 
www.etfgi.com
 
About ETFGI 
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About Deborah Fuhr 

Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She 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. 
 
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997. 

ETFGI is honoured to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry. 
 
Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016. 
 
Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 4,200 members in chapters around the world.  www.womeninetfs.com
 
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Managing Partner 
ETFGI 
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