Fuhr Deborah

According to ETFGI: Globally ETFs and ETPs had outflows of US$3.98 billion in June 2013, their first net outflows in over two years

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Globally ETFs and ETPs had outflows of US$3.98 billion in June 2013, their first net outflows in over two years. Assets invested globally in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) are at US$2.04 trillion, down from their all-time high of US$2.13 trillion at the end of May 2013, according to preliminary figures from ETFGIs Global ETF and ETP industry insights report for first half 2013. .


Deborah Fuhr, Managing Partner at ETFGI.


There are now 4,849 ETFs and ETPs, with 9,878 listings, assets of US$2.04 trillion, from 209 providers listed on 56 exchanges. Year to date assets in ETFs and ETPs have increased by 4.9% from US$1.95 trillion to US$2.04 trillion.
Average daily trading volumes in ETFs/ETPs in June were US$92.2 billion, representing an increase of 31.1% from May and the highest level since October 2011.
Market uncertainty surrounding the future of QE programs and volatility in the markets caused investors to withdraw US$3.98 billion from ETFs and ETPs in June according to Deborah Fuhr, Managing Partner at ETFGI.
Fixed income ETFs/ETPs experienced the largest net outflows with US$7.1 billion, followed by commodity ETFs/ETPs with US$3.8 billion, while equity ETFs/ETPs gathered net inflows with US$4.8 billion.
Year to date through end of H1 2013, ETFs/ETPs have seen net inflows of US$103.9 billion, which is slightly lower than the US$107.2 billion of net inflows at this time last year.
In June 2013, equity ETFs/ETPs saw net inflows of US$4.8billion. North American equity ETFs/ETPs gathered the largest net inflows with US$6.9 billion, and then developed European equity indices with US$3 billion, while emerging market equity ETFs/ETPs experienced net outflows with US$4.9 billion.
Fixed income ETFs/ETPs saw net outflows of US$7.1 billion in June 2013. Inflation ETFs/ETPs experienced the largest net outflows with US$2.1 billion, followed by high yield with US$2 billion, and emerging market bond with US$1.8 billion, while government bond ETFs/ETPs gathered net inflows with US$1.1 billion.
In June 2013, commodity ETFs/ETPs saw net outflows of US$3.8 billion. Precious metals experienced the largest net outflows with US$3.2 billion.
Vanguard ranks 3rd in terms of ETF/ETP assets, is ahead in asset gathering with US$28.9 billion in net inflows year to date, and was the only one of the top 5 providers to receive net inflows in June. iShares ranks 1st in terms of assets, had net out flows of US$7.9 billion in June, and net inflows of US$23 billion year to date. SPDR ETFs ranks 2nd in assets, had net out flows of US$2.4 billion in June, and net outflows of US$6 billion year to date. Powershares ranks 4th in assets, had net out flows of US$586 million in June, and net inflows of US$7.16 billion year to date. DB X trackers ranks 5th in terms of assets, had net out flows of US$751 million in June, and net inflows of US$9 million year to date.
S&P Dow Jones has the largest amount of ETF and ETP assets tracking its benchmarks with US$563 billion, reflecting 27.5% market share; MSCI is second with US$319 billion and 15.6% market share, followed by Barclays with US$188 billion and 9.2% market share.

Source: ETFWorld.co.uk


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