ETF/ETP assets break $3trn barrier, again

Assets of listed ETF/ETP products globally have once more broken through the $3trn barrier, according to preliminary data for Q1 published by London-based industry researcher ETFGI.

The industry previously broke the $3trn barrier in May 2015. The data covers over 12,000 listings from 277 providers across 64 exchanges in 51 countries.

Also noted by ETFGI is that March constituted the 26th consecutive month of net inflows to the industry.

Deborah Fuhr, managing partner at ETFGI, said: “US equities rebounded in March ending the month up 7%. Emerging markets and Developed ex US markets also had a strong March ending up 12.5% and 7.2% respectively. Based on comments from the Fed there is a growing belief that interest rates will be held lower for longer than previously anticipated. The European Central Bank cut rates and announced additional stimulus will begin in April, accelerating the rate of bond purchases from €60bn to €80bn per month.”

Net industry inflows to ETFs/ETPs were $45.3bn, with equity products attracting the biggest share at $26.3bn, the ETFGI data suggests. Fixed income products attracted $14.8bn and commodity products $2.42bn.

Some 71 new products were launched through the month, with some 30 closed.

The top three providers by inflows were iShares ($20.97bn), Vanguard ($9.74bn) and SPDR ($6.25bn). The top three index providers used by ETF/ETP providers according to assets tracking benchmarks are S&P Dow Jones (27.5% market share), MSCI (14.6%) and FTSERussel (12.4%).

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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