European-listed ETF/ETP sector reaches new high of USD459bn
Exchange-traded funds and exchange-traded products listed in Europe gathered USD6.05 billion in net new assets in May, pushing assets in the European listed ETF/ETP sector to a new record high of USD459 billion, according to ETFGI.
At the end of May 2014, the European ETF/ETP industry had 2,032 ETFs/ETPs, with 6,169 listings, from 49 providers listed on 25 exchanges.
The ETF/ETP industry globally and in many countries and regions hit record highs in assets at the end of May 2014, including: ETFs/ETPs listed globally USD2.55 trillion; in the US USD1.8 trillion; in Europe USD459 billion; in Japan USD86.7 billion; in Canada USD63.2 billion and in the Middle East and Africa USD 41.69 billion.
“For the first time since 2010 asset growth in European listed ETFs/ETPs, at 9.9 per cent YTD, is outpacing asset growth in US listed ETFs/ETPs, at 6.1 per cent YTD. The majority of net new assets in Europe went into equity exposures in May. The S&P 500 ended May at an all-time high (1,924). The S&P 500 is up five per cent year to date, while the DJIA is up only two per cent. US stocks have advanced each month in 2014 except for January. During May developed markets gained two per cent and emerging markets four per cent with Asia showing strong performance up four per cent,” says Deborah Fuhr, managing partner at ETFGI.
In May 2014, ETFs/ETPs listed in Europe saw net inflows of USD6.05 billion. Equity ETFs/ETPs gathered the largest net inflows with USD4.63 billion, followed by fixed income ETFs/ETPs with USD1.37 billion, while commodity ETFs/ETPs experienced the largest net outflows with USD452 million.
YTD through end of May 2014, ETFs/ETPs have seen net new inflows of USD26.3 billion, which is a YTD record and USD6.68 billion ahead of the total net new inflows of USD19.6 billion in 2013. Equity ETFs/ETPs gathered the largest net inflows YTD with USD13.3 billion, followed by fixed income ETFs/ETPs with USD11.2 billion, and commodity ETFs/ETPs with inflows of USD4 million.
YTD iShares has gathered the largest net ETF/ETP inflows with USD9.4 billion, followed by Lyxor with USD3.5 billion, UBS GAM with USD2.9 billion, Source with USD2.5 billion and Vanguard with USD2.3 billion in net inflows.
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