BlackRock’s iShares has captured $102.8bn (€86.4bn) in new flows in 2014, 31% of the global exchange traded fund (ETF) market flows, the company has revealed.
According to the company, growth was driven by the iShares US and European product lines, which continue to be adopted by investors across the globe.
The iShares US product line led the way with a record $82.8bn (€69.6bn) of new assets in 2014, surpassing the previous record for U.S. iShares ETFs of $62bn (€52bn) in 2012. In Europe, the business captured $20.3bn (€17bn) in net new flows.
Mark Wiedman, global head of iShares at BlackRock commented: “iShares growth this year was driven by two global product lines. Clients from Asia and Latin America continue to use both our US and European ETF suite in record numbers, contributing $19.8bn in net new assets through November 30th.
“We’re seeing ETFs truly come of age, as more investors around the world recognise and embrace the versatility of these vehicles – whether it’s for their strategic buy-and-hold investments or precision exposures to express a view on virtually any market.”
Wiedman also added that ETFs have also been discovered by capital market participants, who are using them as efficient substitutes for futures and swaps.
“Fixed income was a key driver of flows globally, as investors of all kinds increasingly adopt ETFs as an essential instrument for accessing the bond markets. iShares captured $40.3bn globally or 48% of all new flows into fixed income ETFs.”
iShares global AUM exceeded $1trn (€840bn) as of December 31, 2014.