ETFs/ETPs listed in the United States have gathered 1.53 billion US dollars in net new assets in February 2016, according to ETFGI
LONDON — March 15, 2016 — In February 2016, ETFs/ETPs listed in the United States gathered net inflows of US$1.53 Bn in February 2016, according to preliminary data from ETFGI’s February 2016 global ETF and ETP industry insights report.
In the United States the ETF/ETP industry had 1,863 ETFs/ETPs, assets of US$2.02 Bn, from 95 providers listed on 3 exchanges at the end of February 2016. (click here to see ETFGI’s chart of United States listed ETF/ETP asset growth)
“February was another volatile month for equity markets which drove investors to invest net flows into government bonds and gold. The S&P 500 closed the month down 0.13%. Despite recent uncertainty, emerging markets gain 0.31% in February, while developed markets outside of the U.S. declined 1%.” according to Deborah Fuhr, managing partner at ETFGI.
U.S. ETFs/ETPs gathered net inflows of US$1.53 Billion
In February 2016, ETFs/ETPs listed in the United States gathered net inflows of US$1.53 Bn. Fixed income ETFs/ETPs gathered the largest net inflows with US$10.47 Bn, followed by commodity ETFs/ETPs with US$5.62 Bn, while equity ETFs/ETPs suffered net outflows of US$15.34 Bn
The net inflows of US$ 5.62 Bn into Commodity ETFs/ETPs in February 2016 is a record high. The previous record was $4.28 Bn in September 2012.
Vanguard gathered the largest net ETF/ETP inflows in February with US$3.58 Bn, followed by iShares with US$1.98 Bn and SPDR ETFs with US$1.24 Bn net inflows.
YTD, Vanguard gathered the largest net ETF/ETP inflows YTD with US$7.36 Bn, followed by SPDR ETFs with US$1.88 Bn and iShares with US$1.71 Bn net inflows.
S&P Dow Jones has the largest amount of ETF/ETP assets tracking its benchmarks reflecting 33.5% market share; MSCI is second with 14.4% market share, followed by FTSE Russell with 13.6% 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.
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.
Four new reports: 1) the ETFGI Active ETF Landscape report, 2) the ETFGI Smart Beta ETF Landscape report, 3) the ETFGI EM and FM Landscape report, and 4) the ETFGI Institutional Users of ETFs and ETPs 2014 report.
The ETFGI annual research subscription service includes:
- The detailed ETFGI Global ETF and ETP monthly Insights report containing over 300 pages of charts and analysis on 5,926 ETFs/ETPs, with 11,451 listings, assets of US$2.86 trillion, from 267 providers listed on 63 exchanges in 51 countries.
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