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ETFs set new high water mark in September
04 October 2013
Boosted by growth in US equity funds. Follows a month of record outflows in August
Data from ETFGI and Birinyi Associates indicates that ETFs reached record highs last month, boosted by strong growth in US equity funds investment.
ETFGI’s Q3 2013 Global ETF and ETP industry insights report refers to net inflows of more than $35bn in September pushing global ETF and ETP assets to $2.22trn at the end of Q3 2013. There are now 4982 ETFs/ETPs from 212 providers listed on 57 exchanges.
Year to date net inflows are at $168.9bn, below the $188.4bn recorded this time last year. Equity ETFs/ETPs gathered the largest net inflows with $29.3bn, followed by fixed income ($5.8bn) and commodity.
In the equity space, North American/US equity ETFs/ETPs gathered the largest net inflows with $14.98bn, followed by emerging market equity ($6bn) and European equity ($3.74bn). Government bond ETFs/ETPs accounted for $2.69bn of fixed income net inflows, followed by high yield with $2.47bn and emerging market bonds.
Precious metals ETFs/ETPs gathered the largest net inflows in the commodity market with $674m, followed by broad commodity indices ($563m).
According to Birinyi Associates data, $33.1bn flowed into ETFs during September. Total assets rose to an all-time high of $1.57trn, while seven new funds were created and one delisted.
US equity focused funds accounted for 37% of September’s inflow and 59.5% ($77.7bn) of total ETF inflow so far this year – their best performance since 2008. Funds that focus on bonds, foreign (developed market) equities and emerging market equities all had inflows in excess of $5bn during September.