US$24.5 billion net inflows in December and positive market performance pushed assets in the global ETF/ETP industry to a new record high of US$2.4 trillion at year-end 2013, according to preliminary findings from ETFGI’s global ETF and ETP industry insights report. The global ETF/ETP industry had 5,090 ETFs/ETPs, with 10,172 listings, from 218 providers on 60 exchanges at the end of 2013.
“After spending most of 2013 wondering when and how the Fed would taper its QE scheme, investors felt a degree of positive cheer and certainty after the Fed announced in December that the US economy was strong enough for it to begin to taper by US$10 billion in January 2014,” according to Deborah Fuhr, Managing Partner at ETFGI.
In December 2013, ETFs/ETPs saw net inflows of US$24.5 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$28.3 Bn, followed by fixed income ETFs/ETPs with US$403 Mn, while commodity ETFs/ETPs experienced net outflows of US$5.0 Bn.
In 2013, global ETF/ETP assets increased by 23% based on positive market performance and net inflows of US$242.8 Bn, but did not surpass the US$265.0 Bn in net inflows in 2012. Equity ETFs/ETPs gathered a record level of net inflows in 2013 with US$240.1 Bn, followed by fixed income ETFs/ETPs with US$22.3 Bn, while commodity ETFs/ETPs experienced a record level of US$39.7 Bn in net outflows in 2013.
iShares topped the rankings based on net inflows with US$61.0 Bn in 2013, narrowly beating Vanguard with US$60.2 Bn. SPDR finished 3rd with US$18.3 Bn, PowerShares took 4th place with US$15.4 billion and WisdomTree gathered the 5th largest net inflows with US$14.4 billion.
In 2013, 611 new ETFs/ETPs were launched by 102 providers which, is slightly higher than the 595 ETFs/ETPs launched in 2012 by 104 providers. The 245 ETF/ETP closures in 2013 are higher than the 206 ETFs/ETPs that closed in 2012, and more than three times the 72 that closed in 2011.
Established by industry expert Deborah Fuhr and partners, ETFGI is a wholly independent research and consultancy firm providing research and services to firm such as the leading global institutional and professional investors, the global exchange traded fund and exchange traded product industry, its Regulators and its advisers. The partners leverage over 30 years of extensive industry experience, unparalleled industry contacts and rigorous analysis to deliver proprietary research on the global ETF and ETP industry.