ETFGI reports ETFs and ETPs listed in Europe gather net inflows of 3.93 billion US dollars during December 2018

LONDONJanuary 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
(US$ Mn)
 Dec-18

ADV
(US$ Mn)
Dec-18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)
Dec-18

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

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon 

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
(US$ Mn)
 
Dec-18

ADV
(US$ Mn)

Dec -18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)

Dec-18

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

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 

Investors have tended to invest in core fixed income and equity, emerging markets, market cap and lower cost ETFs in December.

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

 
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 
ETFGI is an independent research and consultancy firm launched in London offering consulting services and paid for research subscription services. Deborah Fuhr is the Managing Partner and a founder of ETFGI.  Our services are unique in their breadth and depth of coverage in  monthly reports covering each region of the world where ETFs, ETPs are listed, a monthly directory and monthly fact sheets along with a database covering all global products plus you receive insights from us. Visit www.etfgi.com to learn more. 

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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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