ETFGI reports that assets invested ETFs and ETPs listed in Europe reached a new record high of US$982.14 billion at the end of November 2019

LONDONDecember 20, 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$15.92 billion at the end of November, bringing year-to-date net inflows to US$104.81 billion. Assets invested in the European ETFs/ETPs industry have increased by 2.3%, from US$959.96 billion at the end of October, to a record US$982.14 billion, according to ETFGI's November 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 ETF/ETP industry soared to a record $982.14 billion at the end of November
  • Assets are up 27.9% year to date which is greater than the 17.6% CAGR over the past 10 years    
  • During November 2019, ETFs/ETPs listed in Europe attracted $15.92 billion in net inflows, the 4thhighest monthly inflow on record
  • Year-to-date net inflows of $104.81 billion are the 2ndhighest behind November 2017 with $108.17 billion

“During November the S&P 500 gained 3.6% as global markets were resistant to fears of inflation and showed optimism on the trade talks.  Global equities as measured by the S&P Global BMI were up 2.5% and the S&P Emerging BMI gained 0.1%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
 

Europe ETF and ETP asset growth as at the end of November 2019

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At the end of November 2019, the European ETF/ETP industry had 2,210 ETFs/ETPs, with 8,420 listings, from 71 providers on 27 exchanges.

Equity ETFs/ETPs listed in Europe gathered net inflows of $12.10 billion in November 2019, bringing net inflows for the year to November 2019 to $36.63 billion, slightly less than the $37 billion in net inflows equity products had attracted for the year to November 2018. Fixed income ETFs/ETPs listed in Europe gathered net inflows of 
$3.87 billion in November, bringing net inflows for the year to November 2019 to $55.91 billion, considerably greater than the $14.43 billion in net inflows fixed income products had attracted for the year to November 2018.Commodity ETFs/ETPs reported $421 million in net outflows bringing net inflows to $8.31 billion for the year to November 2019, which is greater than the $2.55 billion in net inflows gathered for the year to November 2018.

Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $10.80 billion in November. The iShares Core MSCI World UCITS ETF (IWDA LN)gathered $1.44 billion alone.

Top 20 ETFs by net inflows in November 2019: Europe

Name

Ticker

Assets
(US$ Mn)
 Nov-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
Nov-19

iShares Core MSCI World UCITS ETF

IWDA LN

   21,809.30 

   4,351.44 

  1,443.42 

iShares Core € Corp Bond UCITS ETF

IEBC LN

   14,735.25 

   6,216.04 

  1,322.11 

UBS ETF-MSCI Emerging Markets UCITS ETF A - Acc

EMMUSC SW

     1,539.62 

      452.67 

     848.82 

iShares J.P. Morgan EM Local Govt Bond UCITS ETF

SEML LN

   10,131.19 

   3,267.32 

     808.29 

SPDR Bloomberg Barclays EM Local Bond UCITS ETF

SYBM GY

     3,973.43 

      658.09 

     675.04 

iShares Core MSCI Japan IMI UCITS ETF

IJPA LN

     5,349.02 

   1,608.88 

     625.37 

Vanguard FTSE 250 UCITS ETF

VMID LN

     2,897.52 

   1,763.27 

     616.61 

iShares Core S&P 500 UCITS ETF

CSSPX SW

   35,666.77 

     (609.56)

     533.02 

iShares Core MSCI EM IMI UCITS ETF

EMIM LN

   13,482.84 

   2,033.04 

     490.95 

iShares Edge MSCI Europe Value Factor UCITS ETF

IEFV LN

     1,173.44 

      173.63 

     482.71 

iShares MSCI Europe Mid Cap UCITS ETF

EUMD LN

        510.61 

     (125.69)

     480.19 

iShares Edge MSCI USA Value Factor UCITS ETF

IUVL LN

     1,343.75 

      559.55 

     369.00 

iShares Edge MSCI World Value Factor UCITS ETF

IWVL LN

     2,276.36 

      385.46 

     341.76 

iShares USD Treasury Bond 0-1yr UCITS ETF - Acc

TBX1 SW

     1,070.77 

   1,066.04 

     317.96 

iShares USD Treasury Bond 0-1yr UCITS ETF - Acc

IB01 LN

     2,584.16 

   2,567.73 

     268.00 

UBS ETF (IE) MSCI USA SF UCITS ETF (USD) A-acc

MUUSAS SW

        595.57 

      360.28 

     261.93 

iShares Core EURO STOXX 50 UCITS ETF

CSSX5E SW

     4,305.96 

     (293.89)

     243.46 

iShares EURO STOXX UCITS ETF (DE)

SXXEEX GY

     2,062.96 

      169.72 

     236.69 

LYXOR UCITS ETF MSCI WORLD - MONTHLY HEDGED D-EUR

WLDH FP

        560.08 

      313.44 

     224.54 

iShares Diversified Commodity Swap UCITS ETF

ICOM LN

     1,463.73 

      566.51 

     205.62 

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The top 10 ETPs by net new assets collectively gathered $732 million in November. The Amundi Physical Metals PLC (GOLD FP) gathered $182.46 million alone.

 

Top 10 ETPs by net inflows in November 2019: Europe

Name

Ticker

Assets
(US$ Mn)
 Nov-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
 Nov-19

Amundi Physical Metals PLC

GOLD FP

        822.52 

      794.85 

      182.46 

WisdomTree Physical Swiss Gold

SGBS LN

     2,532.64 

   1,578.83 

      146.24 

BNP Paribas EUR Hedged RICI Enhanced Energy ER Index ETC

B4NX GY

        116.95 

      120.60 

      120.56 

Xetra Gold EUR

4GLD GY

     9,480.72 

      871.76 

      102.05 

Xtrackers Physical Gold Euro Hedged ETC

XAD1 GY

     2,369.63 

      380.24 

        49.67 

Xtrackers Physical Gold ETC

XGLD LN

     1,141.76 

      279.04 

        48.82 

Xtrackers Physical Gold ETC (EUR)

XAD5 GY

     3,188.77 

      307.69 

        29.40 

WisdomTree Physical Gold - GBP Daily Hedged

GBSP LN

        432.70 

      223.89 

        18.65 

WisdomTree WTI Crude Oil 3x Daily Short

3OIS LN

          49.85 

        44.82 

        18.34 

WisdomTree Copper

COPA LN

        219.18 

        52.77 

        16.06 

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Investors have tended to invest in core Equity and core Fixed Income ETFs and ETPs in November. 

 

Contact [email protected]if you have any questions or comments on the press release or ETFGI events, research or consulting services. 

 

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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

Episode 15 of ETF TV features Ivan Gilmore, head of exchange-traded products and global product development at the London Stock Exchange sees innovation in trading protocols and ESG products are transforming the ETF landscape, plus his thoughts on active vs passive and governance.
Episode 16 of ETF TV features Deborah Fuhr and Dan Barnes - The ETF Rule in the US will lead to many new issues in the market across 2020; the ‘non-transparent active’ ETFs – in reality as transparent as mutual funds, and better described as periodically-disclosed ETFs, will increase in number. New smart-beta strategies and launches of funds based on existing smart-beta strategies will also grow.

 

Please contact us if you are interested in sponsoring a mini segment or a full episode.

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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 5,300 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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