US$24.5 billion net inflows in December and positive market performance pushed assets in the global ETF/ETP industry to a new record high of US$2.4 trillion at year-end 2013, according to preliminary findings from ETFGI’s global ETF and ETP industry insights report.
The global ETF/ETP industry had 5,090 ETFs/ETPs, with 10,172 listings, from 218 providers on 60 exchanges at the end of 2013.
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Deborah Fuhr, managing partner at ETFGI, said: "After spending most of 2013 wondering when and how the Fed would taper its QE scheme, investors felt a degree of positive cheer and certainty after the Fed announced in December that the US economy was strong enough for it to begin to taper by US$10 billion in January 2014."
In December 2013, ETFs/ETPs saw net inflows of US$24.5 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$28.3 billion, followed by fixed income ETFs/ETPs with US$403 million, while commodity ETFs/ETPs experienced net outflows of US$5.0 Bn.
In 2013, global ETF/ETP assets increased by 23% based on positive market performance and net inflows of US$242.8 billion, but did not surpass the US$265.0 billion in net inflows in 2012.
Equity ETFs/ETPs gathered a record level of net inflows in 2013 with US$240.1 billion, followed by fixed income ETFs/ETPs with US$22.3 billion, while commodity ETFs/ETPs experienced a record level of US$39.7 billion in net outflows in 2013.
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By GlobalDataIn 2013, iShares topped the rankings based on net inflows with US$61.0 billion, narrowly beating Vanguard with US$60.2 billion. SPDR finished 3rd with US$18.3 billion, PowerShares took 4th place with US$15.4 billion and WisdomTree gathered the 5th largest net inflows with US$14.4 billion.
In 2013 611 new ETFs/ETPs were launched by 102 providers which, is slightly higher than the 595 ETFs/ETPs launched in 2012 by 104 providers. The 245 ETF/ETP closures in 2013 are higher than the 206 ETFs/ETPs that closed in 2012, and more than three times the 72 that closed in 2011.
