Net inflows into Currency Hedged ETFs 10 times higher than previous month
ETF data provider ETFGI’s May 2018 Currency Hedged ETF and ETP industry insights report reveals that currency hedged ETFs/ETPs listed globally gathered USD3.13 billion in net inflows during May. This was over 10 times the net inflows gathered during April.
Year-to-date flows are now in positive numbers but still low in comparison with the same period last year. Currency hedged ETFs/ETPs have gathered net inflows of USD2.23 billion through May, compared to USD14.3 billion at this point in 2017.
Currency hedged ETFs/ETPs listed globally gathered USD3.13 billion in net inflows during May. Year-to-date, assets invested in currency hedged ETFs/ETPs increased by 0.01 per cent.
At the end of May 2018, there were 743 currency hedged ETFs/ETPs, with 1,407 listings, assets of USD146 billion, from 68 providers on 28 exchanges in 21 countries. Year-to-date through end of May, currency hedged ETF/ETP assets have increased by 0.1 per cent, with a five-year CAGR of 38.8 per cent.
The 743 currency hedged ETFs/ETPs included ETFs/ETPs hedged against 15 different currencies, with most assets tracking exposures hedged against the US Dollar. Currency hedged ETFs/ETPs listed in the United States had assets of USD44.0 billion, while European-listed products had USD72.2 billion. Canada- and Asia Pacific (ex-Japan)-listed products had USD23.6 billion and USD4.15 billion, respectively.
During 2018, the top 20 currency hedged ETFs/ETPs have collectively gathered USD8.29 billion, ETFGI reports.
UBS ETFs gathered the largest net inflows from currency hedged ETFs/ETPs year to date with USD3.89 billion, followed by Vanguard with USD2.50 billion and Lyxor with USD587 million.