After a roller coaster August for investors, ETFs/ETPs listed in the United States gathered just US$2.4 billion in net new assets, according to ETFGI’s preliminary ETF and ETP global insights report for August 2015.
In the first eight months of 2015 record levels of net new assets have been gathered by ETFs/ETPs listed globally, with net inflows of US$219.7 Bn marking a 16% increase over the prior record set during the first eight months of 2014. In the United States net inflows reached US$127.5 Bn, which is 19% higher than the prior record set last year, while in Europe year to date (YTD) net inflows climbed to US$59.7 Bn, representing a 17% increase on the record set YTD through end of August 2014. In Japan, YTD net inflows were up 74% on the record set last year, standing at US$28.9 Bn at the end of August 2015.
“Worries about China’s stock market, currency and economy mixed with falling commodity prices helped to cause a correction in the US stock market. Investors in the United States are concerned given the uncertainty of when the Fed will raise interest rates. The S&P 500 index ended August down 6%,” according to Deborah Fuhr, managing partner at ETFGI.
At the end of August 2015, the US ETF/ETP industry had 1,768 ETFs/ETPs, assets of US$2.03 trillion, from 85 providers listed on 3 exchanges.
In August 2015, ETFs/ETPs listed in the United States gathered net inflows of US$2.4 Bn. Fixed income ETFs/ETPs gathered the largest net inflows with US$4.7 Bn, followed by commodity ETFs/ETPs with net inflows of US$822 Mn while equity ETFs/ETPs experienced the largest net outflows with US$6.4 Bn.
YTD through end of August 2015, ETFs/ETPs have gathered net inflows of US$127.5 Bn. Equity ETFs/ETPs gathered the largest net inflows YTD with US$83.9 Bn, followed by fixed income ETFs/ETPs with US$30.1 Bn, and commodity ETFs/ETPs with US$1.5 Bn.
Vanguard gathered the largest net ETF/ETP inflows in August with US$3.6 Bn, followed by Deutsche Bank x-trackers with US$1.4 Bn, VelocityShares with US$1.3 Bn, ProShares with US$969 Mn and Schwab ETFs with US$812 Mn net inflows.
YTD, Vanguard gathered the largest net ETF/ETP inflows with US$49.2 Bn, followed by iShares with US$46.8 Bn, WisdomTree with US$20.8 Bn, Deutsche Bank x-trackers with US$15.9 Bn and First Trust with US$9.2 Bn in net inflows.