ETF inflows fall slightly in October
Global net new asset flows into ETF/ETPs were $35.8bn, according to ETFGI. While large, this was not record a record month.
Year-to-date ETFs and ETPs globally have gathered a record $233bn in net new asset flows through the end of October 2014, surpassing the previous high of $205.2bn set in the first 10 months of 2013.
“October was a challenging month with increasing macroeconomic concerns over deflation fears in Europe, the ECB’s stimulus program, Germany cutting GDP forecasts due to geopolitical crisis, dismal employment figures in France, 25 of around 130 European banks having reported to have failed the ECB’s “stress test”, and questions over the UK’s continued membership in the European Common Market," said Deborah Fuhr, managing partner at ETFGI.
"At the end of the month the markets reacted positively to the Bank of Japan’s announcement of new annual purchasing targets. The S&P 500 reached a new record, 2017, which is up 1.2% for the month and 9.2% for the year. Developed markets ended the month down 2% while emerging markets gained 2%.”
Year-to-date flows reached record levels for the ETF/ETP industries in Japan with $15.7bn, Europe with $56.1bn, and globally with $233.4bn. Assets invested in the US-listed ETF/ETP industry hit a new record high of $1.95trn.
In October the global ETF/ETP industry gathered a record level into fixed income products, with $20.3bn surpassing the prior high of $16.2bn set in February 2014.
Equity ETFs/ETPs with $12.7bn, and commodity ETFs/ETPs which had net outflows of $833m.
iShares gathered the largest net ETF/ETP inflows in October with $21.1bn, followed by Vanguard with $9.4bn and Nomura with $2.2bn net inflows.
iShares is still the largest ETF/ETP provider in terms of assets with $1.0trn, reflecting 37.7% market share.
At the end of October 2014, the global ETF/ETP industry had 5,516 ETFs/ETPs, with 10,628 listings, from 228 providers listed on 61 exchanges with assets of $2.68trn, which is down slightly from the record high of $2.70trn at the end of August 2014.
Year-to-date ETFs and ETPs globally have gathered a record $233bn in net new asset flows through the end of October 2014, surpassing the previous high of $205.2bn set in the first 10 months of 2013.
“October was a challenging month with increasing macroeconomic concerns over deflation fears in Europe, the ECB’s stimulus program, Germany cutting GDP forecasts due to geopolitical crisis, dismal employment figures in France, 25 of around 130 European banks having reported to have failed the ECB’s “stress test”, and questions over the UK’s continued membership in the European Common Market," said Deborah Fuhr, managing partner at ETFGI.
"At the end of the month the markets reacted positively to the Bank of Japan’s announcement of new annual purchasing targets. The S&P 500 reached a new record, 2017, which is up 1.2% for the month and 9.2% for the year. Developed markets ended the month down 2% while emerging markets gained 2%.”
Year-to-date flows reached record levels for the ETF/ETP industries in Japan with $15.7bn, Europe with $56.1bn, and globally with $233.4bn. Assets invested in the US-listed ETF/ETP industry hit a new record high of $1.95trn.
In October the global ETF/ETP industry gathered a record level into fixed income products, with $20.3bn surpassing the prior high of $16.2bn set in February 2014.
Equity ETFs/ETPs with $12.7bn, and commodity ETFs/ETPs which had net outflows of $833m.
iShares gathered the largest net ETF/ETP inflows in October with $21.1bn, followed by Vanguard with $9.4bn and Nomura with $2.2bn net inflows.
iShares is still the largest ETF/ETP provider in terms of assets with $1.0trn, reflecting 37.7% market share.
At the end of October 2014, the global ETF/ETP industry had 5,516 ETFs/ETPs, with 10,628 listings, from 228 providers listed on 61 exchanges with assets of $2.68trn, which is down slightly from the record high of $2.70trn at the end of August 2014.
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