The global exchange-traded products (ETPs) industry is on track to break through the US$3tr of assets under management (AUM) milestone in the first half of 2015 following US$50.7bn in net new asset (NNA) inflows in February – the second largest NNA month on record, which brought AUM to US$2.9tr at the end of February 2015, according to ETFGI’s preliminary monthly ETF and ETP global insight report for February.
The report shows that there are 5,632 ETPs with 10,902 listings, from 245 providers registered on 63 exchanges in 51 countries.
“Investors allocated the majority of net new assets to equities as the US market rebounded from a difficult January to end February with both the S&P 500 and the Dow up 6% for the month,” said Deborah Fuhr, managing partner of ETFGI. “Volatility declined during the month. Developed markets were up 6% for the month, while emerging and frontier markets were up 3%.”
In February 2015, ETFs/ETPs saw net inflows of US$50.7bn with equity ETFs/ETPs gathering the largest net inflows with US$30.4bn, followed by fixed income ETFs/ETPs with US$15.6bn, and commodity ETFs/ETPs with US$2.9bn in net inflows.
On a year to date basis (YTD) the net new asset flows into fixed income, commodities, active ETFs and globally are at record levels at US$28.8bn, US$8bn, US$2.7bn and US$62bn, respectively, according to the report.
In terms of providers, iShares gathered the largest net ETF/ETP inflows in February with US$19.9bn, followed by Vanguard with US$5.9bn and SPDR ETFs with US$4.3bn net inflows. On a YTD basis, iShares gathered the largest net ETF/ETP inflows with US$26.9bn, followed by Vanguard with US$15.7bn and WisdomTree with US$6.8bn net inflows.
Assets in ETFs/ETPs listed in Europe also reached a new record high of US$494.8bn at the end of February 2015 with 6,420 listings, from 50 providers listed on 26 exchanges in 21 countries.
In February 2015, ETFs/ETPs listed in Europe saw net inflows of US$12.5bn the second highest month of NNA on record, behind US$14.3bn net inflows in January 2015.
Equity ETFs/ETPs gathered the largest net inflows with US$6.7bn, followed by fixed income ETFs/ETPs with US$4.1bn, and commodity ETFs/ETPs with US$1.2bn in net inflows.
iShares gathered the largest net ETF/ETP inflows in February with US$5.7bn, followed by Lyxor AM with US$2bn and db x/db ETC with US$1.4bn net inflows. Year to date iShares gathered the largest net ETF/ETP inflows with US$11.5bn, followed by Lyxor AM with US$3.3bn and UBS ETFs with US$2.9bn net inflows.
The top 100 ETFs/ETPs, out of 2,109, account for 55.9% of European ETF/ETP assets. Only 114 ETFs/ETPs have greater than US$1bn in assets, while 1,486 ETFs/ETPs have less than US$100m in assets.
Related stories:
ETP inflows rise to record $338.3bn in 2014
iShares leads global ETF industry flows with $102.8bn in 2014
Global ETF/ETP industry reaches $2.76tr in assets
Boost S&L ETPs hit new AUM/trading record, BlackRock reports surge in equity flows
Fubon debuts leveraged/inverse ETFs on Taiwan exchange
SG’s Lyxor unveils three-pronged business structure