Consultancy firm ETFGI has reported assets invested in active ETFs/ETPs listed globally have reached a $32.9bn new record at the end of October 2015.
Net new assets gathered by active ETFs/ETPs listed globally have also hit a new record with $8.9bn inflows recorded.
ETFGI tallies 232 active ETFs/ETPs in the global ETF/ETP industry with 322 listings from 45 providers on 15 exchanges at end October.
The largest market for active ETFs/ETPs remains the United States which has $21.8bn or 66% of all active ETFs/ETPs assets invested in 133 products, followed by Europe with 19% or US$6.3bn invested in 20 products, Canada with 12% or US$3.9bn invested in 65 products and Asia Pacific ex Japan with 2% or US$797 m invested in 14 ETFs/ETPs.
Allocations to equity and fixed income exposures in active ETFs/ETPs are respectively accounting for 18% and 73% of total assets
ETFGI stresses the opposite in the allocations to equity and fixed income exposures in index ETFs/ETPs, at 77% and 16% respectively.
“Since 2007 over 80 applications have been filed in the United States with the Securities and Exchange Commission “SEC” for active ETFs. Currently there are 31 issuers of active ETFs/ETPs in the United States. Many asset managers are waiting to see if/when the SEC allows non-transparent active ETFs,” commented Deborah Fuhr, managing partner at ETFGI.