Despite difficult market conditions, the global ETF/ETP industry gathered net inflows of US$13.1 billion in net new assets (NNA) in January 2016, according to preliminary data from ETFGI’s January 2016 global ETF and ETP industry insights report…….
Deborah Fuhr, Managing Partner at ETFGI
ETFs/ETPs listed globally have now gathered net inflows for 24 consecutive months.
At the end of January 2016, the global ETF/ETP industry had 6,180 ETFs/ETPs, with 11,895 listings, assets of US$2,853 Bn, from 277 providers on 64 exchanges. In January 2016, 43 new ETFs/ETPs were launched by 17 different providers.
Equity ETFs/ETPs experienced the largest net outflows in January with US$8.5 Bn being withdrawn from the asset class. ETFs/ETPs providing exposure to US/North American equities experienced the largest net outflows with US$13.8 Bn, followed by ETFs/ETPs providing exposure to emerging market equity indices with US$2.1 Bn, while developed Asia Pacific equity ETFs/ETPs gathered the largest net inflows with US$3.4 Bn.
ETFs/ETPs providing exposure to fixed income securities gathered the largest net inflows with US$12.5 Bn. Investors favoured safe haven developed market Government bond ETFs/ETPs with net inflows of US$10.6 Bn, followed by broad/aggregate bond exposure with US$1.7 Bn, while emerging market bond ETFs/ETPs experienced the largest net outflows with US$950 Mn.
Commodity ETFs/ETPs accumulated net inflows of US$3.4 Bn, with US$2.0 Bn net inflows being allocated to Gold products and US$1.7 Bn net inflows into ETFs/ETPs providing exposure to Oil.
Nomura AM gathered the largest net ETF/ETP inflows in January with US$4.2 Bn, followed by Vanguard with US$3.9 Bn and VelocityShares with US$1.3 Bn net inflows.
iShares is the largest ETF/ETP provider in terms of assets with US$1,059 Bn, reflecting 37.1% market share; Vanguard is second with US$492 Bn and 17.2% market share, followed by SPDR ETFs with US$425 Bn and 14.9% market share.
S&P Dow Jones has the largest amount of ETF/ETP assets tracking its benchmarks with US$787 Bn, reflecting 27.6% market share; MSCI is second with US$417 Bn and 14.6% market share, followed by FTSE Russell with US$356 Bn and 12.5% market share.