ETFGI reports that assets invested ETFs and ETPs listed in Europe reached a new record high of US$959.96 billion at the end of October 2019
LONDON —November 15, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in Europe gathered net inflows of US$13.46 billion in October, bringing year-to-date net inflows to US$88.89 billion which is nearly double the US$47.71 billion in net inflows at this point last year . Assets invested in the European ETFs/ETPs industry have increased by 3.8%, from US$924.71 billion at the end of September, to a record US$959.96 billion, according to ETFGI's October 2019 European ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
• Assets invested in the European ETFs/ETPs industry climbed to a record $959.96 billion at the end of October
• Assets invested in the European ETFs/ETPs industry increased 3.8% in October
• During October 2019, ETFs/ETPs listed in Europe attracted $13.46 billion in net inflows
• Year-to-date net inflows are $88.89 billion which is nearly double the $47.71 billion in 2019
“The Fed rate cut and the looming hope for an agreement between US-China shaped a favourable investment environment in equity markets globally which led the S&P 500® to gain 3.2% during October. International markets also gained, with the S&P Developed Ex-U.S. and the S&P Emerging BMI both up 4%. The better performance of the Equity Markets reflected into a new record high of $959.96 billion and higher inflows of ETFs/ETPs exposed to Equity Indices rather than Fixed Income.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Europe ETF and ETP asset growth as at the end of October 2019
At the end of October 2019, the European ETF/ETP industry had 2,187 ETFs/ETPs, with 8,343 listings, from 72 providers listed on 27 exchanges in 23 countries.
Equity ETFs/ETPs listed in Europe gathered net inflows of $7.72 billion in October 2019, bringing net inflows for the year to October 2019 to $24.53 billion, less than the $33.97 billion in net inflows equity products had attracted for the year to October 2018. Fixed income ETFs/ETPs listed in Europe gathered net inflows of $4.18 billion in October, bringing net inflows for the year to October 2019 to $52.04 billion, considerably greater than the $12.06 billion in net inflows fixed income products had attracted for the year to October 2018. Commodity ETFs/ETPs gathered
$1.53 billion in net inflows bringing net inflows to $8.73 billion for the year to October 2019, which is greater than the $2.10 billion in net inflows gathered for the year to October 2018.
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $8.68 billion in October. The UBS ETF (LU) MSCI United Kingdom UCITS ETF (GBP) A-acc (UKGBPB SW) gathered $1.27 billion alone.
Top 20 ETFs by net inflows in October 2019: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
UBS ETF (LU) MSCI United Kingdom UCITS ETF (GBP) A-acc |
UKGBPB SW |
1,798.39 |
1,017.17 |
1,271.62 |
|
Vanguard FTSE 250 UCITS ETF |
VMID LN |
2,191.10 |
1,146.66 |
806.71 |
|
iShares Core MSCI Japan IMI UCITS ETF |
IJPA LN |
4,696.21 |
983.51 |
783.15 |
|
iShares Core MSCI World UCITS ETF |
IWDA LN |
19,800.56 |
2,908.02 |
626.88 |
|
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis |
UB0F LN |
701.43 |
638.18 |
527.47 |
|
iShares USD Treasury Bond 0-1yr UCITS ETF - Acc |
IB01 LN |
2,313.60 |
2,299.73 |
510.88 |
|
iShares Core FTSE 100 UCITS ETF |
ISF LN |
10,322.49 |
2,619.52 |
445.93 |
|
iShares J.P. Morgan EM Local Govt Bond UCITS ETF |
SEML LN |
9,528.65 |
2,459.03 |
356.09 |
|
iShares Core € Corp Bond UCITS ETF |
IEBC LN |
13,617.29 |
4,893.93 |
349.19 |
|
iShares USD Treasury Bond 0-1yr UCITS ETF - Acc |
TBX1 SW |
763.49 |
748.08 |
329.26 |
|
WisdomTree Physical Gold |
PHAU LN |
7,933.00 |
121.69 |
327.37 |
|
Lyxor UCITS ETF STOXX EUROPE 600 BANKS |
BNK FP |
781.87 |
217.57 |
307.48 |
|
Xtrackers MSCI World Index UCITS ETF (DR) - 1C |
XWLD LN |
4,628.13 |
1,016.60 |
293.69 |
|
SPDR MSCI Europe Industrials ETF |
STQ FP |
315.29 |
280.10 |
287.10 |
|
iShares MSCI USA SRI UCITS ETF |
SUAS LN |
1,456.50 |
718.64 |
260.10 |
|
Vanguard Global Aggregate Bond UCITS ETF |
VAGU LN |
363.13 |
362.28 |
255.45 |
|
iShares Euro Corp Bond SRI UCITS ETF |
SUOE LN |
974.33 |
904.77 |
249.88 |
|
iShares Core € Govt Bond UCITS ETF |
SEGA LN |
2,621.18 |
915.67 |
248.12 |
|
AMUNDI INDEX BARCLAYS GLOBAL AGG 500M UCITS ETF DR |
GAHU FP |
414.64 |
412.47 |
221.68 |
|
iShares € Ultrashort Bond UCITS ETF |
ERNE LN |
3,367.85 |
696.14 |
217.80 |
The top 10 ETP's by net new assets collectively gathered $1.19 billion in October. The WisdomTree Physical Gold (PHAU LN) gathered $327.37 million alone.
Top 10 ETPs by net inflows in October 2019: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
WisdomTree Physical Gold |
PHAU LN |
7,933.00 |
121.69 |
327.37 |
|
Invesco Gold ETC |
SGLD LN |
7,422.05 |
1,449.74 |
190.86 |
|
iShares Physical Gold ETC |
SGLN LN |
6,908.43 |
1,687.44 |
139.30 |
|
WisdomTree Precious Metals - EUR Daily Hedged |
00XQ GY |
122.55 |
119.88 |
119.89 |
|
Xetra Gold EUR |
4GLD GY |
9,687.29 |
769.71 |
101.02 |
|
WisdomTree WTI Crude Oil |
CRUD LN |
530.62 |
(49.74) |
94.31 |
|
GBS Bullion Securities |
GBS LN |
3,927.83 |
58.41 |
91.85 |
|
Xtrackers Physical Gold ETC |
XGLD LN |
1,131.25 |
230.22 |
52.54 |
|
WisdomTree Physical Swiss Gold |
SGBS LN |
2,469.10 |
1,432.60 |
48.19 |
|
Amundi Physical Metals PLC |
GOLD FP |
666.86 |
612.39 |
25.24 |
Investors have tended to invest in various types of Equity, Fixed Income and Commodity ETFs and ETPs in October.
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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Register now to join the discussion with leading ETF issuers, investors, traders, analysts, regulators, and lawyers – at the ETFGI Global ETFs Insights Summit on December 2nd from 8am – 4:45pm in Toronto at the St Regis Toronto hotel.
ETFGI Global ETFs Insights Summit Toronto qualifies for 6 FP Canada-Approved CE Credits. Complimentary registration is available for buyside institutional investors and financial advisors including traders, portfolio managers and fund selectors. Register here. Attendees will receive a complimentary copy of the CFA Institute's book: "A comprehensive Guide to Exchange Traded Funds (ETFs)"
The event is designed to facilitate a discussion around the impact regulations and market structure developments are having on the ETF selection, portfolio construction, trading and product development of ETFs.
Our speaker list is continuously growing. View our events page to see the current list of confirmed speakers:
Spencer Barnes, MSc, CIM, Associate Vice President, Mutual Funds & ETF Strategy, Raymond James
Mario Cianfarani, CFA, Head of Institutional & Retirement Distribution, Vanguard Investments Canada
Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission
Prerna Chandak, VP ETF Product & Strategy, Mackenzie Investments
Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments
Carol E. Derk, Lawyer, Borden Ladner Gervais
Deborah Fuhr, Managing Partner, Founder, ETFGI
Camilo Gil, Executive Director, CIBC Capital Markets
Kevin Gopaul, Global Head Exchange Traded Funds, BMO Global Asset Management
Katie Gouinlock, Head of Canada ETF Capital Markets, Vanguard Investments Canada
Michael Greenberg, CFA, CAIA, Vice President, Portfolio Manager, Franklin Templeton Multi-Asset Solutions
Margaret Gunawan, MD, Head of Canada Legal & Compliance, BlackRock
Steve Hawkins, Board Vice Chair CETFA, President & CEO, Horizons ETFs
Naseem Husain, VP ETF Strategist, Mackenzie Investments
Scott Johnston, CFA, Head of Portfolio Review Department, Americas, Vanguard Investments Canada
Ronald C. Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Lisa Lake Langley, CEO & Founder, Emerge Capital Management
Jin Li, Vice President, ETF & Quantitative Research Analyst, Equity Research, BMO Capital Markets
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Jos Schmitt, President & CEO, Executive Director, NEO Exchange
Amol Sodhi, Vice President & Director, Asset Allocation, TD Asset Management
Daniel Straus, PhD, M.Fin., Vice President, ETFs & Financial Products Research, National Bank of Canada Financial Markets
Mary Jane Young, Head of ETF Trading, Director, TD Securities
Afternoon workshop: during the afternoon attendees will separated into small groups, participants will have the opportunity to discuss with their peers several topics of importance relating to ETFs, as well as raise any questions with, and obtain guidance from, outside experts.
The ETFGI Global ETFs Insights Summits 2020 schedule is:
- New York – April 2, 2020 click here to register
- London – May 19, 2020 click here to register
- Toronto – September 2020
- Hong Kong – November 2020
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ETF TV is a new show which provides insights into the use, trading, regulatory and product development trends for exchange traded funds ETFs and exchange traded products ETPs. Go to www.ETFtv.net to view
Episode 1 ETF TV views from industry leaders in Europe
Episode 2 ETF TV Tara O'Reilly on the regulatory environment for ETFs
Episode 3 ETF TV Dan Draper of Invesco picks out the key future trends to watch in the ETF market
Episode 4 ETF TV Dr Xiaolin Chen of KraneShares explains ETF use in institutional investment and for access to China
Episode 5 ETF TV ETF market structure and trading protocols are evolving approaches to investment Tom Digby, Head of EMEA ETF Client Trading at Invesco
Episode 6 ETF TV Ciarán Fitzpatrick, Managing Director, Head of ETF Servicing Europe at State Street discuss generating alpha with ETFs
Episode 7 of ETF TV features Eric M. Pollackov Global Head of ETF Capital Markets at Invesco sharing his views on active and passive investing being a collaboration of capabilities, the need for education and innovations developing in non-transparent active and Crypto ETPs
Episode 8 of ETF TV features Shaun Baskett, Director Index Sales at Cboe Europe sharing his views on the role of regulation, trade transparency and liquidity for ETFs
Episode 9 of ETF TV features Sergey Dolomanov, Partner at WILLIAM FRY sharing his views on the value of ETFs being the delivery of better value and choice for investors and the development of active and ESG strategies with Hamish McArthur of ETF TV and Deborah Fuhr of ETFGI
Episode 10 of ETF TV features Jim Goldie, head of ETF Capital Markets (EMEA) at Invesco, sharing his views on the growth in the use of fixed income ETFs, how they can have tighter spreads than the index and provide cost efficient execution, with Hamish McArthur of ETF TV
Episode 11 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv, discussing how to define sustainable investment opportunities and the changing landscape of ESG application within the investment industry
Episode 12 of ETF TV part 2 of the Difference in US and European approaches to ESG should not inhibit growth interview with Elena Philipova, global head of ESG proposition at Refinitiv with Deborah Fuhr, Managing Partner of ETFGI and co-founder of ETF TV
Episode 13 of ETF TV features Tom Stephens, head of international ETF Capital Markets at JP Morgan Asset Management, Active ETFs will be the next level. The use of fixed income exchange-traded funds for long term investment as well as for shorter term liquidity management and portfolio transitions
Episode 14 of ETF TV episode features Manuela Sperandeo, EMEA head of smart beta, sustainable and thematic ETFs at BlackRock explains how to define the category, assess it in the context of investment strategy, and to implement it in practicality
Please contact us if you are interested in sponsoring a mini segment or a full episode.
ETFGI is supporting Jobs in ETFs, the first website for careers and recruitment in the ETF industry. www.jobsinetfs.com
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 5,300 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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