ETFs and ETPs listed globally gathered US$34.8 Bn in net new assets in June and US$126.6 Bn YTD, which outpaces the previous high of US$106.4 Bn at this point set in 2012. Net flows combined with positive market performance during H1 2014 pushed assets in the global ETF/ETP industry to a new record high of US$2.64 Tn invested in 5,359 ETFs/ETPs, with 10,401 listings, from 219 providers listed on 59 exchanges, according to preliminary data from ETFGI’s end H1 2014 Global ETF and ETP industry insights report.
The ETF/ETP industry in most countries and regions reached new record highs in assets at the end of Q2 2014, including: in the United States US$1.86 Tn; in Europe US$470 Bn; in Asia Pacific ex Japan US$ 96.7 Bn; in Japan US$90.1 Bn; in Canada US$65.7 Bn and in the Middle East and Africa US$43.5 Bn.
“In June investors invested almost all net new money into equity exposures with the US and emerging markets being the preferred allocations. The S&P 500 index ended up 7% at the end of Q2 2014, closing at an all-time high (1963) on June 20th. Internationally, developed markets gained 2% and emerging markets are up 4%. The positive equity market performance has helped to improve investor confidence during the first half of 2014.” according to Deborah Fuhr, Managing Partner at ETFGI.
At the end of Q2 ETFs/ETPs had gathered a record level of US$126.6 Bn in net inflows. Equity ETFs/ETPs gathered US$84.2 Bn, followed by fixed income with US$36.5 Bn, while commodity ETFs/ETPs had net outflows of US$3.0 Bn.
Assets in iShares ETFs/ETPs surpassed US$1 Tn at the end of Q2 2014. In the past two years assets invested in iShares ETFs/ETPs have increased by US$351 Bn, while iShares’ market share has declined by nearly 1%, falling from 38.7% to 37.9%. YTD iShares gathered the largest in net inflows, US$38.0 Bn, followed by Vanguard with US$34.7 Bn, First Trust with US$6.51 Bn, Nomura AM with US$4.66 Bn and Guggenheim with US$4.39 Bn in net inflows.
Chart Courtesy: ETFGI/Deborah Fuhr