ETFs/ETPs listed globally gathered 13.1 billion US dollars in net new assets in January 2016, according to ETFGI.
LONDON — February 8, 2016 — Despite difficult market conditions, the global ETF/ETP industry gathered net inflows of US$13.1 billion in net new assets (NNA) in January 2016, according to preliminary data from ETFGI’s January 2016 global ETF and ETP industry insights report. ETFs/ETPs listed globally have now gathered net inflows for 24 consecutive months.
At the end of January 2016, the global ETF/ETP industry had 6,180 ETFs/ETPs, with 11,895 listings, assets of US$2,853 Bn, from 277 providers on 64 exchanges. In January 2016, 43 new ETFs/ETPs were launched by 17 different providers.
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Equity ETFs/ETPs saw the largest outflows
Equity ETFs/ETPs experienced the largest net outflows in January with US$8.5 Bn being withdrawn from the asset class. ETFs/ETPs providing exposure to US/North American equities experienced the largest net outflows with US$13.8 Bn, followed by ETFs/ETPs providing exposure to emerging market equity indices with US$2.1 Bn, while developed Asia Pacific equity ETFs/ETPs gathered the largest net inflows with US$3.4 Bn.
ETFs/ETPs providing exposure to fixed income securities gathered the largest net inflows with US$12.5 Bn. Investors favoured safe haven developed market Government bond ETFs/ETPs with net inflows of US$10.6 Bn, followed by broad/aggregate bond exposure with US$1.7 Bn, while emerging market bond ETFs/ETPs experienced the largest net outflows with US$950 Mn.
Commodity ETFs/ETPs accumulated net inflows of US$3.4 Bn, with US$2.0 Bn net inflows being allocated to Gold products and US$1.7 Bn net inflows into ETFs/ETPs providing exposure to Oil.
Nomura AM gathered the largest net ETF/ETP inflows in January with US$4.2 Bn, followed by Vanguard with US$3.9 Bn and VelocityShares with US$1.3 Bn net inflows.
iShares is the largest ETF/ETP provider in terms of assets with US$1,059 Bn, reflecting 37.1% market share; Vanguard is second with US$492 Bn and 17.2% market share, followed by SPDR ETFs with US$425 Bn and 14.9% market share.
S&P Dow Jones has the largest amount of ETF/ETP assets tracking its benchmarks with US$787 Bn, reflecting 27.6% market share; MSCI is second with US$417 Bn and 14.6% market share, followed by FTSE Russell with US$356 Bn and 12.5% market share.
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Note to editors
ETFs are typically open-ended, index-based funds, with active ETFs accounting for 1.1% 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.