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Record high for ETF and ETP products
13 May 2013
Assets invested globally rise to $2.13trn, according to ETFGI
Assets invested globally in exchange traded funds (ETFs) and exchange traded products (ETPs) rose to a new record high of $2.13trn after record net inflows of $83bn in April, representing a 9.1% monthly rise from $1.95trn in March, according to ETFGI.
The market now consists of 4,827 ETFs and ETPs, with 9,897 listings from 209 providers listed on 56 exchanges.
ETFs and ETPs recorded $9.9bn of net inflows in April 2013 and $83bn year-to-date (YTD), compared to the $67bn in net flows in the corresponding YTD period in 2012.
“April flows show investors are feeling more cautious as a result of political and economic events in Europe, the US and Asia,” says Deborah Fuhr, managing partner at ETFGI.
Fixed-income ETFs and ETPs witnessed net inflows of $8bn in April, comprising $2.8bn in government bonds, $2bn in high yield and $980m in corporate bonds; while inflation ETFs/ETPs experienced the largest net outflows with $251m.
Equity ETFs and ETPs saw net inflows of $7.5bn, with $9.2bn of US/North American equity, followed by developed Asia-Pacific equity with $4.5bn, and global equity with $1.1bn. Emerging market equity experienced the largest net outflows with $5bn.
Commodity ETFs and ETPs saw net outflows of $9.4bn with precious metals experiencing the largest net outflows of $9bn, followed by agriculture with $335m.
iShares, the largest ETF and ETP provider, has a 38.9% market share with assets of $826bn. SPDRs is second with 16.9% market share and $360bn assets, followed by Vanguard with a 13.6% market share and $288bn of assets and then PowerShares with $72bn and a 3.4% market share.
The top three ETF and ETP providers - out of 209 - account for 69.4% of global ETF and ETP assets.
S&P Dow Jones has the largest amount of ETF and ETP assets tracking its benchmarks with $556bn and a 26.1% market share; MSCI is second with $368bnand 17.3% market share, followed by Barclays with $194bn and 9.1% market share.
ETFGI, the independent consultancy set up by Deborah Fuhr, Shane Kelly and Matthew Murray, launched a new website tracking ETF/ETP trends on May 7.