ETFGI’s new research finds ETFs/ETPs listed in the United States suffered net outflows of US$4.0 Bn in January, with a record $17.0 Bn net outflows from equities overshadowing the best ever start of the year for fixed income and commodity products, which gathered net inflows of US$7.5 Bn and US$4.1 Bn respectively.
The US ETF/ETP industry had 1,652 ETFs/ETPs, assets of US$1,980 Bn, from 70 providers on 3 exchanges at the end of January 2015 according to preliminary data from ETFGI’s end January 2015 global ETF and ETP industry insights report.
“Investors showed a strong preference for fixed income and commodity exposure during January as volatility increased. The S&P 500 was down 4%, developed markets were flat, emerging markets were down slightly while frontier markets where down 3% in January. The ECB announced on January 22nd a stimulus package which will total US$1.27 trillion based on buying US$69 billion a month in public and private bonds to stimulate the European economy.”, according to Deborah Fuhr, Managing Partner at ETFGI.
Vanguard gathered the largest net ETF/ETP inflows in January with US$9.2Bn, followed by WisdomTree with US$3.9 Bn, iShares with US$3.1 Bn, DB X-trackers with US$1.8 Bn and CharlesSchwab with US$ 1.6 Bn in net inflows.
Thirteen new products were listed in January which is nearly half the 25 new products listed at this time last year. Twenty-three products were closed in January which is a 475% increase from the 4 products that were closed in January 2014.
The size of individual ETFs/ETPs is increasing: 252 ETFs/ETPs have assets that are greater than US$1 Bn which is up from 213 at this time last year.
To view our press releases on trends in the ETF/ETP industries in the Europe, Asia Pacific (ex-Japan), Japan, Canada and globally please visit our website www.etfgi.com.