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Vanguard tops ETF inflows in January
11 February 2014
Equity ETFs and ETPs suffered while investors allocated to fixed income funds. SPDR ETFs lost more than $16bn
Vanguard was the top gatherer of assets into exchange traded
funds (ETFs) and exchange traded products (ETPs) in January,
according to new figures from ETFGI.
The asset manager pulled in net inflows of $4.8bn, despite
global assets falling 3.2% overall.
Nomura Asset Management followed Vanguard with $2.4bn of
inflows, and First Trust with $1.5bn. State Street Global
Advisors’ SPDR ETFs had the largest net outflows
of a staggering $16.5bn, followed by iShares with $5.6bn.
Global assets had net outflows of $7.6bn which was primarily
due to January being a "difficult month" for emerging and
developed equity markets.
"Concerns about economic uncertainty and unrest in emerging
markets, a fear that US stocks are over bought and uncertainty
over the impact of Fed tapering caused investors to take
net outflows of US$7.6 billion from ETFs/ETPs in January 2014."
according to Deborah Fuhr, Managing Partner at ETFGI.
Equity ETFs/ETPs suffered the most with $11.8bn of net ouflows,
followed by commodity ETFs/ETPs with $1.9bn. Fixed income
ETFs/ETPs on the other hand gathered the largest net inflows