ETFGI reports today that ETFs and ETPs listed in Europe suffered net outflows of US$7.86 billion in August 2019
LONDON — September 13, 2019 — 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 suffered net outflows of US$7.86 billion in August, bringing year-to-date net inflows to US$54.89 billion. Assets invested in the European ETF/ETP industry have decreased by 2.2%, from US$910.34 billion at the end of July, to US$890.21 billion, according to ETFGI's August 2019 European ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
At the end of August 2019, the European ETF/ETP industry had 2,351 ETFs/ETPs, with 8,662 listings, from 68 providers listed on 30 exchanges in 25 countries.
Highlights
- Assets invested in the European ETF/ETP industry slipped to $890.21 Bn at the end of August
- Assets invested in the European ETF/ETP industry decreased by 2.2% in August.
- During August 2019, ETFs/ETPs listed in Europe suffered $7.86 Bn in net outflows.
“The S&P 500® slid 1.6% during August, which can be partially attributed to both the growing tensions stemming from the US/China trade talks, or lack thereof, and the sentiment placed on the inverted US yield curve. From an International standpoint, the S&P Developed Ex-U.S. BMI declined 2.5%, with the biggest decline coming out of Hong Kong (-8.0%), driven by recent protests. The S&P Emerging BMI fell 4.5% during the month, with only one riser, Egypt, up 10.5%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Europe ETF and ETP asset growth as at the end of August 2019
Equity ETFs/ETPs listed in Europe suffered net outflows of $12.94 Bn in August 2019, bringing net inflows for 2019 to $3.73 Bn, substantially less than the $27.87 Bn in net inflows equity products had attracted by the end of August 2018. Fixed income ETFs/ETPs listed in Europe attracted net inflows of $3.49 Bn in August, bringing net inflows for 2019 to $41.82 Bn, considerably greater than the $9.06 Bn in net inflows fixed income products had attracted by the end of August 2018. Commodity ETFs/ETPs gathered $1.57 Bn in net inflows bringing net inflows to $6.46 Bn for 2019, which is greater than the $2.63 Bn in net outflows suffered through August 2018.
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $6.56 Bn in August, iShares $ High Yield Corp Bond UCITS ETF gathered $679.06 Mn alone.
Top 20 ETFs by net inflows in August 2019: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
iShares $ High Yield Corp Bond UCITS ETF |
IHYU LN |
4138.41 |
1,405.16 |
679.06 |
|
iShares MSCI EMU ESG Screened UCITS ETF - Acc |
SAUM LN |
655.69 |
617.79 |
600.03 |
|
Vanguard FTSE All-World UCITS ETF |
VWRA LN |
577.91 |
560.43 |
560.35 |
|
iShares $ Corp Bond UCITS ETF |
LQDE LN |
5653.14 |
(69.29) |
525.42 |
|
iShares Core FTSE 100 UCITS ETF |
ISF LN |
8304.07 |
1,148.32 |
382.24 |
|
iShares Edge MSCI World Minimum Volatility UCITS ETF |
MVOL LN |
4288.11 |
1,073.28 |
344.66 |
|
Xtrackers II Eurozone Government Bond UCITS ETF DR |
XGLE GY |
3501.80 |
501.12 |
342.07 |
|
Xtrackers S&P 500 Swap UCITS ETF |
D5BM GY |
6519.48 |
1,666.18 |
339.47 |
|
iShares € Corp Bond ex-Financials UCITS ETF |
IEXF LN |
1655.63 |
166.54 |
306.29 |
|
iShares US Mortgage Backed Securities UCITS ETF |
SMBS LN |
1026.47 |
678.07 |
294.90 |
|
iShares USD Treasury Bond 0-1yr UCITS ETF - Acc |
IB01 LN |
1804.46 |
1,798.05 |
274.91 |
|
AMUNDI ETF MSCI USA UCITS ETF |
CU2 FP |
1282.61 |
118.74 |
273.18 |
|
Vanguard S&P 500 UCITS ETF |
VUSA LN |
22685.76 |
(1,579.21) |
249.69 |
|
iShares Gold Producers UCITS ETF |
IAUP LN |
1596.71 |
526.97 |
242.44 |
|
Invesco S&P 500 ETF – Distributing |
D500 GY |
725.13 |
730.85 |
239.60 |
|
Vanguard FTSE All-World UCITS ETF |
VWRD LN |
2945.75 |
579.67 |
204.50 |
|
AMUNDI INDEX J.P. MORGAN EMU GOVIES IG UCITS ETF DR |
EGOV FP |
528.95 |
387.16 |
189.34 |
|
AMUNDI INDEX JP MORGAN GBI GLOBAL GOVIES UCITS ETF DR |
GOVH FP |
552.15 |
477.79 |
179.18 |
|
iShares Core € Govt Bond UCITS ETF |
SEGA LN |
2226.51 |
521.80 |
167.14 |
|
iShares MSCI USA SRI UCITS ETF |
SUAS LN |
1046.88 |
350.74 |
166.62 |
The top 10 ETP's by net new assets collectively gathered $1.60 Bn in August. The iShares Physical Gold ETC gathered $440.96 Mn alone.
Top 10 ETPs by net inflows in August 2019: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
iShares Physical Gold ETC |
SGLN LN |
6,711.78 |
1,424.67 |
440.96 |
|
Invesco Gold ETC |
SGLD LN |
7,252.10 |
1,195.71 |
434.01 |
|
Xtrackers Physical Gold ETC (EUR) |
XAD5 GY |
3,429.00 |
394.66 |
196.64 |
|
Xetra Gold EUR |
4GLD GY |
9,691.94 |
656.21 |
101.53 |
|
Xtrackers Physical Gold ETC |
XGLD LN |
1,162.53 |
247.37 |
97.80 |
|
Amundi Physical Metals PLC |
GOLD FP |
623.27 |
561.95 |
91.53 |
|
ETFS Physical Gold |
PHAU LN |
7,804.06 |
(98.78) |
79.25 |
|
ETFS Physical Silver |
PHAG LN |
1,439.18 |
441.23 |
66.75 |
|
GBS Bullion Securities |
GBS LN |
3,905.91 |
(9.86) |
55.04 |
|
ETFS GBP Daily Hedged Physical Gold (GBSP) |
GBSP LN |
380.60 |
171.87 |
38.65 |
Investors have tended to invest in various types of Fixed Income and Gold ETFs and ETPs in August.
Please contact deborah.fuhr@etfgi.com if you have any questions, suggestions or would like to discuss subscribing 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, Founder, ETFGI website www.etfgi.com.
About ETFGI
ETFGI is an independent research, event and consultancy firm launched in 2012 in London by Deborah Fuhr. The firm offers paid for subscription research services, consulting services and events covering trends in the global ETF industry. ETFGI’s services are unique in their breadth and depth of coverage starting with the basic annual subscription service which provides monthly Global Industry Insight Landscape reports covering flows, trends and rankings in each region of the world where ETFs, ETPs are listed, a monthly directory and access to a database with fact sheets for all products listed and cross listed globally plus you receive insights from us. Visit www.etfgi.com to learn more.
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Episode 1 ETF TV views from industry leaders in Europe
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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 honored 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 the ETF.com’s 2018’s Lifetime Achievement Award, 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 5,000 members, including women and men, in chapters in major financial centers 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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