Global currency

Global ETF assets rise by 5.7 per cent

At the end of July 2010 the global exchange-traded fund industry had 2,282 ETFs with 4,872 listings, assets of USD1,095.2bn, from 124 providers on 42 exchanges around the world, according to a report by BlackRock.

Year-to-date assets increased by 5.7 per cent, compared to the 3.7 per cent decrease in the MSCI World index in US dollar terms.

The top 100 ETFs, out of 2,282, account for 63.9 per cent of global ETF AUM, while 1,187 ETFs have less than USD50m in assets and 457 ETFs have less than USD10m in assets.

Year-to-date the number of ETFs increased by 17.3 per cent with 368 new ETFs launched, while 33 ETFs were delisted.

The number of ETFs listed in Europe surpassed the US in April 2009, now with 969 ETFs listed in Europe, compared to 866 in the US at end July 2010.

There are currently plans to launch 970 new ETFs.

Year-to-date the average daily trading volume in US dollars increased by 30.9 per cent to USD66.4bn.

MSCI ranks first in terms of ETF AUM tied to its benchmarks with assets of USD263.9bn and 323 ETFs, while Standard & Poor’s ranks second with USD244.3bn and 277 ETFs, followed by Barclays Capital with USD110.3 and 78 ETFs.

Globally, iShares is the largest ETF provider in terms of both number of products, 453 ETFs, and assets of USD506.8bn, reflecting 46.3 per cent market share; State Street Global Advisors is second with 110 products and USD153.3bn, 14.0 per cent market share; followed by Vanguard with 47 products and assets of USD113.1bn and 10.3 per cent market share at the end of July 2010.

Net sales of mutual funds (excluding ETFs) were minus USD283.3bn, while net sales of ETFs were positive USD71.3bn during the first six months of 2010, according to Strategic Insight.

Additionally, there were 849 other exchange-traded products with 1,415 listings and assets of USD128.6bn from 47 providers on 20 exchanges.

Combined, there were 3,131 products with 6,287 listings, assets of USD1,223.7bn from 150 providers on 45 exchanges around the world at the end of July 2010.




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