ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed globally reached a new record high of US$3.445 trillion at the end of November 2016…..
Deborah Fuhr, Managing Partner at ETFGI
Net new flows gathered by ETFs/ETPs in December were very strong at US$59.02 billion during the month, marking the 34nd consecutive month of net inflows, according to preliminary data from ETFGI’s November 2016 global ETF and ETP industry insights report.
Record levels of assets under management were also reached at the end of November for ETFs/ETPs listed in the United States at US$2.471 trillion, and in Canada at US$83.4 billion.
At the end of November 2016, the Global ETF/ETP industry had 6,605 ETFs/ETPs, with 12,540 listings, assets of US$3.445 trillion, from 288 providers listed on 65 exchanges in 53 countries.
“The US market had a good month in November with the S&P 500 up 3.7% and the DJIA increased 5.9%. The strong dollar caused currency headwinds for international markets International equity markets. The S&P Developed Ex-U.S. BMI declined 1.8% while the S&P Emerging BMI was down 4.7%. In Europe S&P Europe 350 gained 1.24% in November, with almost all the gains attributable to the U.K. pound rising faster than the British stock market fell. During November the VIX declined dramatically by 21.9%” according to Deborah Fuhr, co-founder and managing partner at ETFGI.
Asset gathering in November 2016 was very strong with ETFs/ETPs listed globally gathering net inflows of US$59.02 Bn. Equity ETFs/ETPs gathered the largest and a record level of net inflows for the month of November at US$64.74 Bn with the majority of NNA going into ETFs/ETPs providing exposure to the US equity market, while fixed income ETFs/ETPs experienced net outflows of US$333 Mn followed by commodity ETFs/ETPs which experienced net outflows with US$3.21 Bn. Active ETFs/ETPs gathered a record level of US$1.09 Bn in November.
YTD through end of November 2016, ETFs/ETPs have gathered a record amount of YTD net inflows at US$324.10 Bn up from the prior record of US$317.05 Bn reached in 2015. Equity ETFs/ETPs have gathered the largest net inflows YTD with US$168.63 Bn, followed by fixed income ETFs/ETPs which have gathered a record level of US$104.87 Bn YTD NNA up from the prior YTD record US$78.17 Bn set in 2015, commodity ETFs/ETPs have gathered a record level of US$35.09 Bn YTD NNA up from the US$22.73 Bn set in 2012. YTD, Leverage Inverse ETFs/ETPs have gathered a record level of US$7.53 Bn up from the prior record of US$6.03 Bn set in 2013.
In November, SPDR ETFs gathered the largest net ETF/ETP inflows US$20.34 Bn, followed by iShares with US$18.50 Bn and Vanguard with US$10.85 Bn in net inflows.
YTD, iShares gathered the largest net ETF/ETP inflows US$114.67 Bn, followed by Vanguard with US$83.45 Bn and SPDR ETFs with US$44.02 Bn in YTD net inflows.