ETFGI reports ETFs and ETPs listed in Europe gather net inflows of 3.93 billion US dollars during December 2018
LONDON — January 24, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Europe gathered net inflows of US$3.93 billion during December, bringing 2018 net inflows to US$56.72 billion. Assets invested in the European ETF/ETP industry finished the month down 3.22%, from US$794 billion at the end of November, to US$768 billion, according to ETFGI’s December 2018 European ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
- December 2018 marked the 51st consecutive month of net inflows.
- During 2018, ETFs/ETPs listed in Europe attracted $56.74 Bn in net inflows.
- Assets invested in the European ETF/ETP industry hit record highs of $858 Bn in January 2018.
“The end of 2018 saw the trend in developed markets reverse, and although arguably predictable, the severity left many pundits scratching their heads. This end of year stress has widely been attributed to the disruption caused by trade disputes feeding into economic data, and the view policy makers are not going to be quite as accommodating as initially expected. The S&P 500 returned -9.03% during December, and down -4.38% for 2018. Developed markets ex-US fell -4.62% during December, led by Japan and Canada, bringing the yearly return to -13.21%. Relatively speaking, EM and FM fared the month better, returning -2.68% and -3.15%, finishing 2018 -13.53% and -11.82%, respectively” according to Deborah Fuhr, managing partner and founder of ETFGI.
By the end of December 2018, the European ETF/ETP industry had 2,322 ETFs/ETPs, an 11.90% increase over 2017, from 70 providers listed on 28 exchanges. European Emerging and Frontier markets saw strong product growth throughout 2018, with number of ETFs/ETPs listed rising 452% on average. Following net inflows of $3.93 Bn and market moves during the month, assets invested in ETFs/ETPs listed in Europe decreased by 3.22%, from $794 Bn at the end of November 2018, to $768 Bn. By the end of the year, assets invested in the European ETF/ETP industry were down 4.25% compared to that of 2017, falling from $802 Bn to $768 Bn.
Growth in Europe ETF and ETP assets as of the end of December 2018
Equity ETFs/ETPs listed in Europe saw net outflows of $1.51 Bn in December, bringing net inflows for 2018 to $35.44 Bn, considerably less than the $71.03 Bn in net inflows equity products attracted in 2017. Fixed Income ETFs and ETPs listed in Europe saw net inflows of $5.05 Bn in December, bringing net inflows for 2018 to $19.67 Bn, less than the $25 Bn in net inflows seen in 2017.
Substantial inflows during December can be attributed to the top 20 ETFs by net new assets, which collectively gathered $7.91 Bn. iShares Core MSCI World UCITS ETF-D (IWDG LN) gathered $1.02 Bn, the largest net inflow in December.
Top 20 ETFs by net new assets December 2018: Europe
|
Name |
Ticker |
Class Assets |
ADV |
NNA |
NNA |
|
iShares Core MSCI World UCITS ETF-D |
IWDG LN |
1,440 |
1 |
1,114 |
1,024 |
|
iShares Core MSCI EM IMI UCITS ETF |
EMIM LN |
10,454 |
4 |
3,499 |
753 |
|
iShares $ Treasury Bond 1-3yr UCITS ETF |
IBTS LN |
4,118 |
2 |
1,685 |
567 |
|
iShares J.P. Morgan EM Local Govt Bond UCITS ETF |
SEML LN |
6,800 |
1 |
681 |
536 |
|
UBS ETF-MSCI Emerging Markets UCITS ETF |
EMMUSC SW |
1,016 |
1 |
1,053 |
523 |
|
Xtrackers MSCI Europe Index UCITS ETF (DR) - 1D |
XIEE GY |
640 |
1 |
651 |
431 |
|
Invesco S&P 500 ETF |
SPXS LN |
3,682 |
4 |
1,536 |
378 |
|
iShares EURO STOXX 50 UCITS ETF (DE) |
SX5EEX GY |
8,017 |
24 |
(705) |
362 |
|
iShares Core DAX UCITS ETF (DE) |
DAXEX GY |
7,634 |
48 |
(198) |
349 |
|
iShares $ Corp Bond UCITS ETF |
LQDE LN |
5,070 |
7 |
(605) |
325 |
|
iShares $ Treasury Bond 1-3yr UCITS ETF |
IBTA LN |
1,018 |
2 |
792 |
317 |
|
AMUNDI ETF MSCI Emerging Markets - B |
AUEM FP |
2,460 |
3 |
687 |
316 |
|
UBS ETF-MSCI Japan UCITS ETF (JPY) - Acc |
JPNA SW |
312 |
0 |
309 |
296 |
|
Xtrackers MSCI China UCITS ETF |
XCS6 GY |
998 |
1 |
408 |
290 |
|
Xtrackers II EONIA UCITS ETF - 1C |
XEON GY |
753 |
2 |
408 |
273 |
|
iShares € Govt Bond 3-5yr UCITS ETF |
IBGX LN |
3,077 |
0 |
807 |
267 |
|
iShares S&P 500 EUR Hedged UCITS ETF (Acc) |
IUSE LN |
4,380 |
4 |
1,744 |
255 |
|
Xtrackers II USD Emerging Markets Bond UCITS ETF |
XUEM GY |
429 |
0 |
421 |
230 |
|
iShares € Govt Bond 1-3yr UCITS ETF |
IBGS LN |
1,531 |
0 |
232 |
209 |
|
iShares MSCI Europe UCITS ETF EUR (Acc) |
IMEA LN |
1,007 |
1 |
288 |
209 |
Similarly, the top 10 ETPs by net new assets collectively gathered $1.69 Bn by the end of December 2018.
Top 10 ETPs by net new assets December 2018: Europe
|
Name |
Ticker |
Class Assets |
ADV |
NNA |
NNA |
|
iShares Physical Gold ETC |
SGLN LN |
4,350 |
3 |
1,170 |
635 |
|
Invesco Gold ETC |
SGLD LN |
4,932 |
5 |
315 |
363 |
|
ETFS Physical Gold |
PHAU LN |
6,662 |
8 |
536 |
295 |
|
Xtrackers Physical Gold ETC (EUR) |
XAD5 GY |
2,536 |
1 |
1,884 |
110 |
|
Xtrackers Brent Crude Oil Booster Euro Hedged ETC |
XETC GY |
248 |
1 |
142 |
97 |
|
ETFS Physical Swiss Gold |
SGBS LN |
748 |
1 |
151 |
71 |
|
Boost WTI Oil 3x Leverage Daily GBP ETP |
3OIL LN |
83 |
1 |
(38) |
36 |
|
Xtrackers Physical Gold Euro Hedged ETC |
XAD1 GY |
1,891 |
2 |
368 |
34 |
|
Xetra Gold EUR |
4GLD GY |
7,480 |
20 |
279 |
25 |
|
ETFS Brent Crude |
BRNT LN |
241 |
5 |
151 |
22 |
Investors have tended to invest in core fixed income and equity, emerging markets, market cap and lower cost ETFs in December.
Please contact deborah.fuhr@etfgi.com if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services.
###
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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.
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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” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 4,500 members, including women and men, in chapters in major financial centres around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com
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