Global ETP assets total $1.525 trillion at year end, up 2.9 percent.
US and German equity ETPs draw strong inflows for the year….…
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— Fixed income exchange traded products (ETPs) were the ETP marketplace’s fastest growing asset category in 2011, with assets under management (AUM) increasing by 24.4 percent, or $50.6 billion, compared with 2010, according to the Year End “ETP Landscape” report released today by the BlackRock Investment Institute. Global fixed income ETP assets now total $258 billion.
The Year End “ETP Landscape” report notes that while flows into equity and commodity categories have been up and down throughout the year, fixed income ETPs have displayed resilience, garnering new flows for every month in 2011 and showcasing the popularity of this asset class in a tumultuous year for global markets. The category’s expansion was largely driven by U.S.-listed products, with investors in European-listed products remaining on the sidelines due to sovereign and bank debt concerns.
The Year End “ETP Landscape” report notes that while flows into equity and commodity categories have been up and down throughout the year, fixed income ETPs have displayed resilience, garnering new flows for every month in 2011 and showcasing the popularity of this asset class in a tumultuous year for global markets. The category’s expansion was largely driven by U.S.-listed products, with investors in European-listed products remaining on the sidelines due to sovereign and bank debt concerns.
Global highlights include:
• Global AUM Grows in 2011: The global ETP industry ended the year with $1.525 trillion in AUM, up 2.9 percent from $1.482 trillion at year-end 2010. Net inflows totaled $151.9 billion in 2011.
• December Flows Reverse November’s Trend: In December, ETPs globally gathered net inflows of $14.2 billion, compared with net outflows of $0.6 billion in November.
• Developed Market Equities Attract Healthy Inflows: The developed market equity category grew by 3.3 percent in 2011, with healthy net inflows of $93 billion offset by negative market return of -$65.5 billion, for net growth of $27.7 billion in AUM. Despite the year’s serious macro-economic challenges, ETPs offering equity exposure to the U.S. and Europe captured more new money in 2011 ($48.8 billion and $15.0 billion, respectively) than in 2010 ($40.1 billion and $8.7 billion).
• Emerging Market Equity Category Contracts: The emerging market equity category contracted by 18.7 percent, due to negative market return of -$43 billion and net redemptions of $1.8 billion for the year. By comparison, the category attracted $40.5 billion in net inflows in 2010.
• Global AUM Grows in 2011: The global ETP industry ended the year with $1.525 trillion in AUM, up 2.9 percent from $1.482 trillion at year-end 2010. Net inflows totaled $151.9 billion in 2011.
• December Flows Reverse November’s Trend: In December, ETPs globally gathered net inflows of $14.2 billion, compared with net outflows of $0.6 billion in November.
• Developed Market Equities Attract Healthy Inflows: The developed market equity category grew by 3.3 percent in 2011, with healthy net inflows of $93 billion offset by negative market return of -$65.5 billion, for net growth of $27.7 billion in AUM. Despite the year’s serious macro-economic challenges, ETPs offering equity exposure to the U.S. and Europe captured more new money in 2011 ($48.8 billion and $15.0 billion, respectively) than in 2010 ($40.1 billion and $8.7 billion).
• Emerging Market Equity Category Contracts: The emerging market equity category contracted by 18.7 percent, due to negative market return of -$43 billion and net redemptions of $1.8 billion for the year. By comparison, the category attracted $40.5 billion in net inflows in 2010.
Regional highlights include:
• U.S.: The U.S. remains the largest and most mature market in the ETP industry, with asset growth of 5 percent in 2011. U.S. ETP assets now total $1.061 trillion, representing 69.6 percent of global AUM. Product offerings grew by 26.7 percent, with 308 new products launched and 37 de-listed.
• Europe: European assets ended the year down 5.3 percent from 2010. European assets now total $298.5 billion, representing 19.6 percent of global AUM. Product offerings grew 13.3 percent, with 258 new products launched and 47 de-listed. European-listed ETPs offering exposure to German equities delivered strong asset gathering results in 2011, representing 97 percent ($17.3 billion) of all flows into equity products listed in Europe during the year.
• Asia Pacific: Asia Pacific (inc. Japan) assets grew by 8.3% in 2011, and now total $92.6 billion. The region now represents 6.1 percent of global AUM. Product offerings grew 38.5 percent, with 123 new products launched and three de-listed.
• U.S.: The U.S. remains the largest and most mature market in the ETP industry, with asset growth of 5 percent in 2011. U.S. ETP assets now total $1.061 trillion, representing 69.6 percent of global AUM. Product offerings grew by 26.7 percent, with 308 new products launched and 37 de-listed.
• Europe: European assets ended the year down 5.3 percent from 2010. European assets now total $298.5 billion, representing 19.6 percent of global AUM. Product offerings grew 13.3 percent, with 258 new products launched and 47 de-listed. European-listed ETPs offering exposure to German equities delivered strong asset gathering results in 2011, representing 97 percent ($17.3 billion) of all flows into equity products listed in Europe during the year.
• Asia Pacific: Asia Pacific (inc. Japan) assets grew by 8.3% in 2011, and now total $92.6 billion. The region now represents 6.1 percent of global AUM. Product offerings grew 38.5 percent, with 123 new products launched and three de-listed.
Source: ETFWorld – BlackRock ETP Landscape Summary Report
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