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.