Global ETF assets extend lead over hedge fund industry to USD2.54 trillion at the end of Q3 2019, says ETFGI


The global ETF and ETP sector extended its lead in terms of assets over the global hedge fund industry to USD2.54 trillion at the end of Q3 2019, an increase of 2.52 per cent since of Q2 2019, according to ETFGI.

Year to date through the end of Q3 the HFRI Fund Weighted Composite Index has returned 6.81 per cent underperforming the S&P 500 Index with dividends which has delivered 20.54 per cent.
 
Hedge fund suffered net outflows of USD6.8 billion in Q3 while ETFs/ETPs gathered net inflows of USD140.79 billion.
 
Assets invested in the global ETF/ETP industry first surpassed those invested in the hedge fund industry at the end of Q2 2015, as ETFGI had forecasted. Growth in assets in the ETF/ETP industry has outpaced growth in the hedge fund industry since the financial crisis in 2008. According to ETFGI’s analysis a record USD5.78 trillion were invested in 7,787 ETFs/ETPs listed globally at the of Q3 2019, representing growth in assets of 2.52 per cent over the quarter. Over the same period assets invested in hedge funds globally shrunk by 0.17 per cent, to USD3.24 trillion in 8,242 hedge funds, according to a report by Hedge Fund Research.
 
During the third quarter of 2019, ETFs/ETPs listed globally gathered USD140.79 billion in net inflows, according to ETFGI’s Global ETF and ETP industry insights report. In contrast, HFR reported that hedge fund suffered net outflows of USD6.8 billion in Q3 2019.
 
In Q3 2019 the performance of the HFRI Fund Weighted Composite Index was down 0.39 per cent; which is less than the 1.70 per cent return of the S&P 500 Index with dividends. This is the first time this year that the performance of the HFRI Fund Weighted Composite Index fell into negative territory. Year to date through the end of Q3 the HFRI Fund Weighted Composite Index has returned 6.81 per cent underperforming the S&P 500 Index with dividends which has delivered 20.54 per cent.

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