LONDON — December 9, 2015 — ETFs/ETPs listed globally have gathered a record US$319.4 billion in net new assets as of the end of November 2015 which is 15% above the record level of US$277.3 billion of net new assets gathered at this point in 2014. This marks the 22nd consecutive month of positive net inflows. The global ETF/ETP industry had 6,104 ETFs/ETPs, with 11,733 listings, assets of US$3.0 trillion, from 275 providers listed on 63 exchanges in 51 countries at the end of November, according to ETFGI’s Global ETF and ETP insights report for November 2015 (click here to see ETFGI’s chart of global ETF/ETP asset growth)
In the first eleven months of 2015 record levels of net new assets have been gathered by ETFs/ETPs listed globally with net inflows of US$319.3 Bn marking a 15% increase over the prior record set during the first eleven months of 2014. In the United States net inflows reached US$201.7Bn, which is 5% higher than the prior record set last year, in Canada net inflows at US$11.4 Bn are up 10.7% over the prior record set in 2012, while in Europe year to date (YTD) net inflows climbed to US$72.6 Bn, representing a 18% increase on the record set YTD through end of November 2014. In Japan, YTD net inflows were up 210% on the prior record set in 2013, standing at US$33.7 Bn at the end of November 2015.
“Global markets were mostly down in November, developed markets outside the US declined 1%, emerging markets ended down 3% while the Dow Jones Industrial Average and the S&P 500 ended up less than 1%.” according to Deborah Fuhr, managing partner at ETFGI.
Global ETFs/ETPs gathered net inflows of US$29.9 Bn in November
In November 2015, ETFs/ETPs gathered net inflows of US$29.9 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$28.2 Bn, while commodity ETFs/ETPs saw net outflows of US$111 Mn and fixed income ETFs/ETPs saw net outflows of US$24 Mn.
YTD through end of November 2015, ETFs/ETPs have seen net inflows of US$319.3 Bn. Equity ETFs/ETPs gathered the largest net inflows YTD with US$206.6 Bn, followed by fixed income ETFs/ETPs with US$81.6 Bn, and commodity ETFs/ETPs which have gathered net inflows of US$3.1 Bn.
iShares gathered the largest net ETF/ETP inflows in November with US$15.9 Bn, followed by Vanguard with US$7.9 Bn, First Trust with US$1.6 Bn, Schwab ETFS with US$1.3 Bn, Guggenheim with US$797 Mn and Powershares with US$754 Mn in net inflows.
YTD, iShares gathered the largest net ETF/ETP inflows YTD with US$112.0 Bn, followed by Vanguard with US$74.7 Bn, DB/x-trackers with US$27.2 Bn, WisdomTree with US$20.3 Bn, Nomura with US$16.1 Bn and Schwab ETFs with US$12.3 Bn in net inflows.
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Note to editors
ETFs are typically open-ended, index-based funds, with active ETFs accounting for less than 1% market share. They can be bought and sold like ordinary shares on a stock exchange and offer broad exposure across developed, emerging and frontier markets, equities, fixed income and commodities. ETFs are used widely by institutional investors and increasingly by financial advisors and retail investors to:
- equitize cash
- implement diversified exposure to a market
- comprise a core or satellite investment
- be a long term strategic investment
- implement tactical adjustments to portfolios
- use as building blocks to create entire portfolios
- allow investors to hedge the market
- use as an alternative to futures and other derivative products
Exchange Traded Products (ETPs) are products that have similarities to ETFs in the way they trade and settle but do not use an open-end fund structure. The use of other structures including unsecured debt, grantor trusts, partnerships, and commodity pools by ETPs can, in addition to a significantly different risk profile, create different tax and regulatory implications for investors when compared to ETFs, which are funds.
ETFGI is an independent research and consultancy firm launched in 2012 in London offering paid for research subscription services: the ETFGI annual research service provides monthly reports on trends in the global ETF and ETP industry, access to the ETFGI database of all ETFs/ETPs listed globally with factsheets which are updated monthly, ETFGI annual review of institutions and mutual funds that use ETFs and ETPs, the Active ETF landscape report and the Smart Beta ETF Landscape report.
Deborah Fuhr is the managing partner and co-founder of ETFGI, she previously served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. Fuhr also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates. Shane Kelly and Matthew Murray are co-founders and partners in ETFGI.
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