Industry Updates

February saw net inflows of $11.4bn into exchange traded funds and products

Thursday, March 07, 2013

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Opalesque Industry Update - ETF Global reports that in February 2013 Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) globally had net inflows of $11.4 billion, according to new research published in the latest ETFGI Global ETF and ETP industry insights.

Equity ETFs and ETPs gathered the largest net inflows with $11.6 billion, followed by fixed income ETFs and ETPs with $1.3 billion, and active ETFs and ETPs with $1.1 billion, while commodity ETFs and ETPs experienced net outflows with $4.9 billion.

Year to date through end of February 2013, ETFs and ETPs have seen net inflows of $49.1 billion. Equity ETFs and ETPs gathered the largest net inflows year to date with $45.1 billion, followed by fixed income ETFs and ETPs with $2.8 billion, and leveraged inverse ETFs and ETPs with $2.5 billion, while commodity ETFs/ETPs had net outflows of US$5.3 billion.

“The flows into equity ETFs and ETPs show investors are rotating out of cash and fixed income into equities as investor confidence continues to improve,” says Deborah Fuhr, Managing Partner at London-based ETFGI.

In February, equity ETFs and ETPs had net inflows of $11.6 billion. North American equity ETFs and ETPs gathered the largest net inflows $6.6 billion, followed by developed Asia Pacific equity indices with $3.4 billion, and global (ex-US) equity $1.8 billion, while emerging market equity ETFs and ETPs experienced the largest net outflows with $1.4 billion.

The global ETF industry had 3,345 ETFs, with 7,660 listings, assets of $1.86 trillion, from 180 providers on 54 exchanges at the end of February 2013. Including ETFs and other ETPs, at the end of February, the global ETF and ETP industry had 4,764 ETFs and ETPs, with 9,799 listings, assets of $2.04 trillion US dollars, from 209 providers on 56 exchanges.

Vanguard gathered the largest net ETF and ETP inflows in February with $5.95 billion, followed by iShares with $4.23 billion and WisdomTree with $2.16 billion net inflows.

S&P Dow Jones has the largest amount of ETF and ETP assets tracking its benchmarks with $518 billion, reflecting 25.4% market share; MSCI is second with $440 billion and 21.5% market share, followed by BarCap with $182 billion and 8.9% market share.

The top 100 ETFs and ETPs, out of 4,764, account for 59.6% of global ETF and ETP assets. 296 ETFs and ETPs have greater than $1 billion in assets, while 63.3% of all ETFs and ETPs have less than US$100 million in assets, 54% have less than $50 million in assets and 28% have less than $10 million in assets.

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