Europe and Asia-Pacific markets get ETFs off to strong start in 2012
S&P Indices saw a sharp rise in its ETF licensing activity during the first quarter of 2012, with 41 ETFs based on its indices launched globally during the period.
The 41 launches represent more than half of the total number of S&P index-based ETFs launched for all of 2011. S&P Indices attributes the growth in ETF issuance to a maturing European and Asia-Pacific ETF market.
Alexander Matturri, executive managing director at S&P Indices, said: “Investor interest in ETFs, especially outside of the States, is rapidly increasing as these products are providing greater access to niche market segments and varying asset classes at fractions of the cost typically associated with actively managed products such as mutual funds – once the primary option available to invest in broad baskets of securities,” says
“Our ETF business is becoming more international and we are well placed to offer product providers with an ever more varied set of indices to meet the growing and evolving needs of their clients,” he said.
The growth in S&P-based ETF issuance was lead by S&P Indices’ international business, as 23 ETFs were launched in Europe during the first quarter. In addition, nine ETFs were issued by product providers in Asia-Pacific and one in Canada during the first three months of 2012.
Lyxor, PowerShares and Mirae Asset Management were among the top providers launching S&P index-based ETFs in the first quarter. Ten of the first quarter ETF launches provided varying access to the international commodities markets, while 27 targeted various equity asset classes.