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Alternative Market Briefing

Assets pile into ETFs, ETPs which hit a record high of $2.4tn at the end of 2013

Tuesday, January 14, 2014

Bailey McCann, Opalesque New York:

Global ETF and ETP assets hit record highs at the end of 2013, totaling $2.4tn, according to ETFGI, an independent research and consultancy firm. $24.5bn in assets flowed into the products in December alone. 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.

In December, equity ETFs/ETPs gathered the largest net inflows with $28.3bn followed by fixed income ETFs/ETPs with $403m, while commodity ETFs/ETPs experienced net outflows of $5.0bn. As Opalesque reported earlier today, new hedge fund monitor data from Bank of America Merrill Lynch Global Research shows that commodity funds have started to turn around performance in January, which may be indicative for commodity ETFs/ETPs in the future.

In 2013, global ETF/ETP assets increased by 23% based on positive market performance and net inflows of $242.8bn the report notes. That was still not enough to surpass the $265.0bn in net inflows in 2012. Equity ETFs/ETPs gathered a record level of net inflows in 2013 with $240.1bn, followed by fixed income ETFs/ETPs with $22.3bn, while commodity ETFs/ETPs experienced a record level of $39.7bn in net outflows in 2013.

U.S. fund manager Vanguard, is the only major provider of ETFs and ETPs to increase their market share over the year, data shows. The ......................

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