Flows into ETFs and ETPs listed globally rebounded in February gathering net inflows of US$29.0 billion, which when combined with the positive market performance in the month, pushed assets in the global ETF/ETP industry to a new record high of US$2.44 trillion, according to preliminary findings from ETFGI’s February Global ETF and ETP industry insights report. The Global ETF/ETP industry has 5,183 ETFs/ETPs, with 10,210 listings, from 219 providers on 59 exchanges.
“Positive comments from the Fed indicating that the US economy continues to brighten, the S&P 500 ending February with a record close of 1859 and signs of a wider global recovery in equities seems to have caused investors to come out of their winter hibernation after the winter storms and put net inflows of US$29.0 billion into ETFs/ETPs in February.” according to Deborah Fuhr, Managing Partner at ETFGI.
Dissecting the overall net inflows we find that fixed income ETFs/ETPs gathered US$16.8 Bn – the largest net inflows – followed by equity ETFs/ETPs with US$10.2 Bn. Commodity ETFs/ETPs saw net inflows of US$870 Mn.
The competition to gather assets remains high. The top 100 ETFs/ETPs – less than 2% of the 5,183 ETFs/ETPs – account for more than half (57%) of global assets. Only 7% of ETFs/ETPs hold more than US$1 Bn in assets, while 69% have less than US$100 Mn in assets, 59% have less than US$50 Mn in assets and nearly a third of all products have less than US$10 Mn in assets.
In the first two months of 2014, Vanguard has gathered the largest net ETF/ETP inflows with US$9.4 Bn, followed by iShares with US$7.1 Bn, Nomura AM with US$4.2 Bn, First Trust with US$2.5 Bn and Guggenheim with US$2.0 Bn in net inflows.
Please contact deborah.fuhr@etfgi.com if you would like to subscribe to ETFGI’s Global ETF and ETP industry insights reports.
Receive stories like this to your inbox as they are published. Subscribe here and follow us @Alpha_Now on Twitter. If you are looking to access our data or analytics, register for a free trial.
