ETFGI’s research finds 2014 is proving to be a very good year for the Global ETF/ETP industry. ..
Deborah Fuhr, Managing Partner at ETFGI
Some highlights are below:
The global ETF/ETP industry has reached a new record of US$2.76 trillion in assets. We expect the assets to break through the US$3 trillion milestone in the first half of 2015.
There was US$42.0 billion in net new asset (NNA) flows in November – the fourth largest NNA month on record. Year-to-date net inflows of US$275.3 billion are a new record beating prior full year net inflows.
The ETF/ETP industry in the United States reached a new record of US$1.98 trillion in assets at the end of November. We expect to see assets break through the US$2 trillion milestone any day.
Net inflows into US listed ETF/ETPs were $42.4 billion in November, which is a record month, beating the previous high of US$41.1 billion set in July 2013.
The ETF/ETP industry in Europe also had a strong month gathering US$5.6 billion in NNA and a record level of US$61.8 billion in NNA year-to-date, breaking the prior full year NNA record. Assets in European ETFs/ETPs are US$472.1 billion at the end of November, which is just below the record of US$477.4 billion in assets set at the end of August 2014. We expect the European ETF/ETP industry to break through the US$500 billion milestone in the first half of 2015.
“Economic news in Europe during November was not positive with the OECD warning that Europe was the „locus of weakness“ in the global economy – criticising the ECB’s efforts to combat economic stagnation. Many found the ECB’s investment plan as lacking new money and new ideas with even the Pope criticising the plan. During November the US market continued its positive trend with both the S&P 500 and the Dow closing up 3% for the month. Developed markets ended the month up 1% while emerging markets declined 1%.” according to Deborah Fuhr, Managing Partner at ETFGI.
In November 2014 ETFs/ETPs listed globally saw net inflows of US$42.0 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$38.8 Bn, followed by fixed income ETFs/ETPs with US$4.9 Bn, while commodity ETFs/ETPs saw net outflows of US$221 Mn.