US$24.3 billion net inflows in December and positive market performance pushed assets in the global ETF/ETP industry to a new record high of US$2.4 trillion at year-end 2013, according to ETFGI’s global ETF and ETP industry insights report.
“After spending most of 2013 wondering when and how the Fed would taper its QE scheme, investors felt a degree of positive cheer and certainty after the Fed announced in December that the US economy was strong enough for it to begin to taper by US$10 billion in January 2014,” according to Deborah Fuhr, Managing Partner at ETFGI.
In December 2013, ETFs/ETPs saw net inflows of US$24.3 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$28.2 Bn, followed by fixed income ETFs/ETPs with US$472 Mn, while commodity ETFs/ETPs experienced net outflows of US$5.1 Bn.
YEAR IN REVIEW
In 2013, global ETF/ETP assets increased by 23% based on positive market performance and net inflows of US$245.4 Bn, but did not surpass the US$265.0 Bn in net inflows in 2012. Equity ETFs/ETPs gathered a record level of net inflows in 2013 with US$242.1 Bn, followed by fixed income ETFs/ETPs with US$22.9 Bn, while commodity ETFs/ETPs experienced a record level of US$39.8 Bn in net outflows in 2013.
PROVIDERS
iShares topped the rankings based on net inflows with US$61.1 Bn in 2013, narrowly beating Vanguard with US$60.3 Bn. SPDR finished 3rd with US$18.1 Bn, PowerShares took 4th place with US$15.3 billion and WisdomTree gathered the 5th largest net inflows with US$14.4 billion.
LAUNCHES AND CLOSURES
In 2013, 611 new ETFs/ETPs were launched by 102 providers, which, is slightly higher than the 595 ETFs/ETPs launched in 2012 by 104 providers. The 245 ETF/ETP closures in 2013 are higher than the 206 ETFs/ETPs that closed in 2012, and more than three times the 72 that closed in 2011.
Please contact deborah.fuhr@etfgi.com if you would like to subscribe to ETFGI’s Global ETF and ETP industry insights reports.
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