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Global ETFs and ETPs reach $2.55trn
10 June 2014
New record reached at the end of May 2014
in the global exchange traded fund (ETF) and exchange traded
product (ETP) industry reached a new record high of $2.55trn,
according to preliminary data from ETFGI’s May
2014 industry insights report.
new record was reached as a result of globally-listed ETFs and
ETPs gathering $22.4bn in net new assets in May combined with a
small positive market performance in the month.
"In May investors invested net new money in almost
equal amounts into equity and fixed-income exposures with net
new flows going into a broad spectrum of exposures from riskier
emerging market equities to safer government-bond products,"
Fuhr, managing partner at ETFGI.
May fixed-income ETFs/ETPs gathered the largest net inflows
with $11.5bn, followed by equity ETFs/ETPs with $10.3bn, while
commodity ETFs/ETPs saw net outflows of $565m.
The ETF/ETP industry in many countries and regions also hit
record highs in assets at the end of May. The US market reached
$1.8trn, followed by Europe at $459bn, Japan $86.7bn, Canada
$63.2bn and the Middle East and Africa where assets hit
At the end of May the global industry had 5,283 ETFs/ETPs, with
10,293 listings, from 219 providers listed on 59 exchanges.
"The S&P 500 ended May at an all-time high. The
S&P 500 is up 5% year-to-date, while the Dow Jones
Industrial Average is up only 2%. US stocks have advanced each
month in 2014 except for January. During May developed markets
gained 2% and emerging markets 4% with Asia showing strong
performance, up 4%." said Fuhr.
Year to date through to the end of May, ETFs/ETPs have had net
inflows of $91.2bn, which is less than the $108.2bn of net
inflows gathered at the same time last year.
to date equity ETFs/ETPs have had the largest net inflows at
$47.9bn, followed by fixed-income ETFs/ETPs at $35.9bn, while
commodity ETFs/ETPs have had net outflows of $1.7bn.
iShares gathered the largest net ETF/ETP inflows with $9.7bn in
April 2014, followed by Vanguard with $6.5bn, and Lyxor ETFs