Assets of ETFs and ETPs listed in Europe reached US$459 billion, a new record


June 9, 2014

As the government pulls the watchdog’s teeth, co-regulation starts at home

As the government pulls the watchdog’s teeth, co-regulation starts at home

“We will rely more on the intelligence we get from misconduct reports and the complaints we receive.”
That statement is being interpreted as a call to the financial planning industry to step up, and to ETFs and ETPs listed in the Europe gathered US$6.05 billion in net new assets in May which, when combined with a small positive market performance in the month, pushed assets in the European listed ETF/ETP industry to a new record high of US$459 billion, according to preliminary data from ETFGI’s May 2014 Global ETF and ETP industry insights report.  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 US$2.55 trillion; in the United States US$1.8 trillion; in Europe US$459 billion; in Japan US$86.7 billion; in Canada US$63.2 billion and in the Middle East and Africa US$ 41.69 billion.

“For the first time since 2010 asset growth in European listed ETFs/ETPs, at 9.9% YTD, is outpacing asset growth in US listed ETFs/ETPs, at 6.1% 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 (1924). The S&P 500 is up 5% year to date, while the DJIA is up only 2%. US stocks have advanced each month in 2014 except for January. During May developed markets gained 2% and emerging markets 4% with Asia showing strong performance up 4%.” according to Deborah Fuhr, Managing Partner at ETFGI.

In May 2014, ETFs/ETPs listed in Europe saw net inflows of US$6.05 billion. Equity ETFs/ETPs gathered the largest net inflows with US$4.63 billion, followed by fixed income ETFs/ETPs with US$1.37 billion, while commodity ETFs/ETPs experienced the largest net outflows with US$452 million.

YTD through end of May 2014, ETFs/ETPs have seen net new inflows of US$26.3 billion, which is a YTD record and US$6.68 billion ahead of the total net new inflows of US$19.6 billion in 2013.  Equity ETFs/ETPs gathered the largest net inflows YTD with US$13.3 billion, followed by fixed income ETFs/ETPs with US$11.2 billion, and commodity ETFs/ETPs with inflows of US$4 million.

YTD iShares has gathered the largest net ETF/ETP inflows with US$9.4 billion, followed by Lyxor with US$3.5 billion, UBS GAM with US$2.9 billion, Source with US$2.5 billion and Vanguard with US$2.3 billion in net inflows.

Please contact [email protected] if you would like to subscribe to ETFGI’s monthly Global ETF and ETP industry insights reports containing over 300 pages of charts and analysis, ETFGI’s Institutional Users of ETFs and ETPs report or custom analysis. Professional investors can register on ETFGI’s website to receive updates, press releases and ETFGI’s free monthly newsletter.

Cut & Paste conveys information received directly from the organisations concerned. Statements and releases published here have been selected for their relevance to the financial planning profession. They are generally unedited, and the views expressed do not necessarily reflect those of Professional Planner.

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