ETFGI: Record net inflows of 83 billion US dollars through the end of April 2013 helped to push assets invested globally in ETFs and ETPs to a new all-time high of 2.13 trillion US dollars
LONDON — May 9, 2013 — Record net inflows of US$83 billion through the end of April helped to push assets invested globally in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) to a new all-time high of US$2.13 trillion, according to figures from ETFGI’s Global ETF and ETP industry insights report for April 2013. There are now 4,827 ETFs and ETPs, with 9,897 listings, assets of $2.13 trillion, from 209 providers listed on 56 exchanges. ETF and ETP assets have increased by 9.1% from $1.95 trillion to $2.13 trillion.
ETFs and ETPs recorded $9.9 billion in net inflows in April 2013. Fixed income ETFs and ETPs gathered the largest net inflows with $8.0 billion, followed by equity ETFs and ETPs with $7.5 billion, and active ETFs and ETPs with $1.3 billion, while commodity ETFs and ETPs experienced net outflows with $9.4 billion.
Fixed income ETFs and ETPs net inflows of $8.0 billion in April were composed of $2.8 billion of net inflows in government bond, followed by high yield with $2.0 billion, and corporate bond with $980 million, while inflation ETFs/ETPs experienced the largest net outflows with $251 million.
Equity ETFs and ETPs saw net inflows of $7.5 billion with US/North American equity gathering $9.2 billion, the largest net inflows, followed by developed Asia Pacific equity with $4.5 billion, and global equity with $1.1 billion, while emerging market equity experienced the largest net outflows with $5.0 billion.
Commodity ETFs and ETPs saw net outflows of $9.4 billion with precious metals experiencing the largest net outflows of $9.0 billion, followed by agriculture with $335 million.
Year-to-date through the end of April 2013, ETFs and ETPs have seen net inflows of $83 billion, which is greater than the $67 billion in net flows at this time in 2012.
“April flows show investors are feeling more cautious as a result of political and economic events in Europe, the US and Asia” according to Deborah Fuhr, Managing Partner at ETFGI.
iShares is the largest ETF and ETP provider with assets of $826 billion, reflecting 38.9% market share; SPDRs is second with $360 billion and 16.9% market share, then Vanguard with $288 billion and 13.6% market share, followed by PowerShares with $72 billion and 3.4% market share. The top three ETF and ETP providers, out of 209, account for 69.4% of global ETF and ETP assets.
S&P Dow Jones has the largest amount of ETF and ETP assets tracking its benchmarks with $556 billion, reflecting 26.1% market share; MSCI is second with $368 billion and 17.3% market share, followed by Barclays with $194 billion and 9.1% market share.