Global ETF assets down 3.3 per cent YTD

Global ETF assets down 3.3 per cent YTD

Global exchange-traded fund assets have fallen by 3.3 per cent year-to-date from USD1,035.7bn to USD1,001.5bn, according to a report by BlackRock.

At the end of February 2010 the global ETF industry had 2,090 ETFs with 3,997 listings, assets of USD1,001.5bn, from 115 providers on 40 exchanges around the world.

Year-to-date the number of ETFs increased by 7.3 per cent with 143 new ETFs launched.

The number of ETFs listed in Europe surpassed the US, with 901 ETFs listed in Europe, compared to 807 in the US.

There are currently plans to launch 840 new ETFs.

The top 100 ETFs, out of 2,090, account for 65 per cent of global ETF assets under management, while 404 ETFs have less than USD10m in assets.

YTD the number of exchanges with official listings remains unchanged at 40. The average daily trading volume in US dollars increased by 47.3 per cent to USD74.1bn.

Globally, iShares is the largest ETF provider in terms of both number of products, 437 ETFs, and assets of USD471.9bn, reflecting 47.1 per cent market share; State Street Global Advisors is second with 107 products and USD144.5bn, 14.4 per cent market share; followed by Vanguard with 47 products and assets of USD95.4bn and 9.5 per cent market share at the end of February 2010.

Of the index providers, MSCI ranks first in terms of ETF AUM tied to their benchmarks with assets of USD234.5bn and 293 ETFs, while Standard & Poors ranks second with USD232.4bn and 259 ETFs, followed by Barclays Capital in third with USD93.4bn and 75 ETFs.

Globally, net sales of mutual funds (excluding ETFs) were USD13.3bn, while net sales of ETFs were USD93.8bn during the first nine months of 2009, according to Strategic Insight.

Additionally, there were 629 other exchange-traded products with 921 listings and assets of USD150.3bn from 40 providers on 19 exchanges.

Combined, there were 2,719 products with 4,918 listings, assets of USD1,151.9bn from 139 providers on 43 exchanges around the world.

At the end of February 2010 the European ETF industry had 901 ETFs with 2,490 listings assets of USD220.1bn, from 35 providers on 18 exchanges. Net new assets into European domiciled ETFs totalled USD8.7bn YTD, with European equities receiving USD2.1bn net inflows, followed by fixed income ETFs with USD1.2bn and emerging market equity ETFs with USD1.4bn net new assets YTD.

The US ETF industry had 807 ETFs, assets of USD678.6bn, from 28 providers on two exchanges. US domiciled ETFs/ETPs experienced net outflows totalling USD11.8bn YTD. Fixed income ETFs saw positive flows with USD5.4bn net new assets, while North American equities saw USD14.5bn net outflows, and emerging market equities with USD2.6bn net outflows.

At the end of February 2010 the Canadian ETF industry had 132 ETFs, assets of USD29.7bn, from four providers on one exchange.

The Asia Pacific ex-Japan ETF industry had 137 ETFs with 225 listings, and assets of USD38.0bn from 48 providers on 13 exchanges, while the Japanese ETF industry had 70 ETFs with assets of USD24.0bn from six providers on two exchanges.

The Latin American ETF industry had 20 ETFs with 223 listings, and assets of USD9.3bn from three providers on three exchanges.




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