The global ETFs/ETPs industry is celebrating gathering a record level of US$372.0 billion in net new assets in 2015 which represents a 10% increase over the prior record of US$338.3 billion of net new assets gathered in 2014.
Deborah Fuhr, Managing Partner at ETFGI
December marked the 23rd consecutive month of positive net inflows and was the best month for asset gathering in 2015 with US$55.0 billion in net new assets collected, according to preliminary data from ETFGI’s year-end 2015 global ETF and ETP industry insights report.
During 2015 there has been growth on most measures: the number of ETFs/ETPs have increased from 5,550 to 6,146, the number of listings have grown from 10,771 to 11,750, assets under management have increased from US$2.784 trillion to US$2.992 trillion, the number of providers have increased from 239 to 276 providers and the number of exchanges have grown from 62 to 64. (click here to view the asset growth )
During 2015 record levels of net new assets have been gathered by ETFs/ETPs listed globally with net inflows of US$372.0 Bn marking a 10% increase over the prior record set in 2014. In Canada net inflows at US$13.1 Bn are up 8% over the prior record set in 2012 and in Europe net inflows climbed to US$82.0 Bn, representing a 45% increase on the record set in 2014. In Japan, net inflows were up 142% on the prior record set in 2013, standing at US$39.5 Bn at the end of 2015.
“2015 was a turbulent year for the markets due to uncertainty in China which spilled over into global markets, concerns about the Middle East and a collapse in energy prices. The S&P 500 ended the year up 1%, emerging markets declined 14% on the heels of a stronger U.S. dollar and commodity price declines. Developed markets ended the year down 1% after recovering some losses in the fourth quarter.
The record level of asset gathering in 2015 shows that more investors are using ETFs/ETPs in more ways due to the market turmoil: retail is using more ETFs through Robo-advisors, institutions are using ETFs as alternatives to futures, and financial advisors are using more ETFs especially in multi-asset portfolios.” according to Deborah Fuhr, Managing Partner of ETFGI.
In December 2015, ETFs/ETPs saw net inflows of US$55 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$50 Bn, followed by fixed income ETFs/ETPs with US$3.4 Bn, while commodity ETFs/ETPs experienced net outflows with US$688 Mn.
In 2015, ETFs/ETPs have seen net inflows of US$372.0 Bn. Equity ETFs/ETPs gathered the largest net inflows in 2015 with US$258 Bn, followed by fixed income ETFs/ETPs with US$81.5 Bn, and commodity ETFs/ETPs with US$2.4 Bn.
Year to date, iShares gathered the largest net ETF/ETP inflows in 2015 with US$139.4 Bn, followed by Vanguard with US$84.6 Bn and DB/x-trackers with US$28.4 Bn net inflows.
At the end of 2015 iShares is the largest ETF/ETP provider in terms of assets with US$1.110 trillion, reflecting 37.1% market share; Vanguard is second with US$509.6 Bn and 17.0% market share, followed by SPDR ETFs with US$443.2 Bn and 14.8% market share. The top three ETF/ETP providers, out of 276, account for 68.9% of Global ETF/ETP assets
S&P Dow Jones has the largest amount of ETF/ETP assets tracking its benchmarks with a 27.8% market share; MSCI is second with 14.9% market share, FTSE Russell is third with 12.9% market share, followed by Barclays with 9.7% market share.