from the July record high of US$2.17 trillion to US$2.11 trillion at the end of August 2013. There are now 4,938 ETFs/ETPs, with 9,932 listings, from 211 providers listed on 57 exchanges.
“Investors’ concern and uncertainty over the impact on markets of a potential military conflict in Syria and when and how the Fed will begin QE tapering caused investors to net withdraw US$16.77 billion from ETFs/ETPs in August” according to Deborah Fuhr, Managing Partner at ETFGI.
In August, Equity ETFs/ETPs experienced the largest net outflows with US$13.62 billion. North American/US equity ETFs/ETPs experienced the largest net outflows US$16.60 billion, followed by emerging market ETFs/ETPs with US$5.12 billion, while European equity ETFs/ETPs gathered the largest net inflows with US$5.09 billion.
In August, fixed income ETFs/ETPs saw net outflows of US$5.23 billion. Government bond ETFs/ETPs experienced the largest net outflows with US$3.65 billion, followed by inflation with US$772 million, and high yield with US$618 million, while government/corporate bond ETFs/ETPs gathered the largest net inflows with US$208 million.
Commodity ETFs/ETPs saw net outflows of US$911 million. Precious metals ETFs/ETPs experienced the largest net outflows with US$1.08 billion.
YEAR TO DATE
Year to date (YTD) through end of August 2013, global ETFs/ETPs have gathered net inflows of US$133.44 billion which is below the US$141.71 billion gathered at this time last year.
PROVIDERS of ETFs/ETPs
Vanguard ranks 1st based on August net inflows with US$3.54 billion, and 1st in YTD net inflows with US$39.71 billion. ProShares ranks 2nd based on August net inflows with US$1.61 billion and 6th in YTD net inflows with US$5.17 billion. Nomura, the 7th ranked provider by overall assets, ranks 3rd for net inflows in August with US$1.23 billion and ranks 12th with YTD inflows of US$3.09 billion. Meanwhile iShares, which ranks 1st based on overall assets, suffered net outflows of US$5.23 billion in August and ranks 2nd in YTD inflows with US$27.24 billion. SPDR ETFs, which ranks 2nd in overall assets, suffered US$19.24 billion of net outflows in August and US$7.44 billion of net outflows YTD.
*August asset and flow data for the 490 ETNs in Israel have not yet been published by the providers.
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Note to editors
ETFs are typically open-ended, index-based funds, with active ETFs accounting for less than 1% market share. They can be bought and sold like ordinary shares on a stock exchange and offer broad exposure across developed, emerging and frontier markets, equities, fixed income and commodities. ETFs are used widely by institutional investors and increasingly by financial advisors and retail investors to:
- equitize cash
- implement diversified exposure to a market
- comprise a core or satellite investment
- be a long term strategic investment
- implement tactical adjustments to portfolios
- use as building blocks to create entire portfolios
- allow investors to hedge the market
- use as an alternative to futures and other derivative products
Exchange Traded Products (ETPs) are products that have similarities to ETFs in the way they trade and settle but do not use an open-end fund structure. The use of other structures including unsecured debt, grantor trusts, partnerships, and commodity pools by ETPs can, in addition to a significantly different risk profile, create different tax and regulatory implications for investors when compared to ETFs, which are funds.
ETFGI is proud to announce that Deborah Fuhr has been included in the WealthManagement.com “Ten to Watch in 2014” list. Click here to read the full article.
Established by industry expert Deborah Fuhr and partners, ETFGI is a wholly independent research and consultancy firm providing research and services to firm such as the leading global institutional and professional investors, the global exchange traded fund and exchange traded product industry, its Regulators and its advisers. The partners leverage over 30 years of extensive industry experience, unparalleled industry contacts and rigorous analysis to deliver proprietary research on the global ETF and ETP industry.
ETFGI offers an annual paid subscription service which provides: 1) the monthly ETFGI Global ETF and ETP Industry Insight report, which provides a detailed analysis of the global ETF and ETP industry, analysing net new asset flows into asset classes, products and managers, index provider rankings, broker rankings and new product launches, as well as numerous other metrics; 2) a directory of ETFs and ETPs; and 3) access to web tools on the www.etfgi.com website, for institutional and professional investors interested in using and comparing nearly 5,000 ETFs and ETPs, which have almost 10,000 listings from over 200 providers listed on 56 exchanges, and for a better understanding of industry, product, regulatory and company specific data points.