ETFGI’s research finds that although ETFs and ETPs listed in Europe suffered net outflows of $3.1bn in September they gathered a record $47.4bn in net new assets through the end of Q3 2014, surpassing the previous high of $28bn set in the first three quarters of 2011.
The European ETF/ETP industry had 2,081 ETFs/ETPs, with 6,233 listings, assets of US$455.8 Bn, from 51 providers on 26 exchanges according to preliminary data from ETFGI’s end Q3 2014 Global ETF and ETP industry insights report.
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YTD NNA flows reached record levels for the ETF/ETP industries in Japan at US$15.0 Bn, Europe at US$47.4 Bn, and globally at US$199.0 Bn.
"Due to the on-going situation in the Ukraine, Scotland’s referendum vote, and the Bank of England Governor’s statement that a rate increase was "getting closer", investors reduced their exposure to Europe. The unfavourable geopolitical environment caused the S&P 500 to decline 1% in September. Developed markets declined 4% while emerging markets declined 7%." according to Deborah Fuhr, Managing Partner at ETFGI.
In September 2014, ETFs/ETPs saw net outflows of US$3.1 Bn. Equity ETFs/ETPs experienced the largest net outflows with US$1.9 Bn, followed by commodity ETFs/ETPs with US$808 Mn, and fixed income ETFs/ETPs with US$798 Mn in net outflows.
Vanguard gathered the largest net ETF/ETP inflows in September with US$1.1 Bn, followed by Amundi with US$771 Mn, DB x-trackers/ETCs with US$663 Mn, Lyxor with US$582 Mn and UBS with US$439 Mn.
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By GlobalDataiShares is the largest ETF/ETP provider in terms of assets with US$209.8 Bn, reflecting 46.0% market share; db x/db ETC is second with US$54.4 Bn and 11.9% market share, followed by Lyxor AM with US$47.8 Bn and 10.5% market share. The top three ETF/ETP providers, out of 51, account for 68.4% of European ETF/ETP assets, while the remaining 48 providers each have less than 5% market share.
