ETFGI, a leading London-based exchange-traded fund consultancy, has released analysis of net flows within exchange-traded products showing that globally these products attracted $32bn in new assets during September. This is the 20th consecutive month of positive net inflows.
Deborah Fuhr, managing partner and co-founder of ETFGI.
As it stands there has been net inflows of $251bn from the start of the year to 30 September, 25% more than the previous record set last year.
Despite global volatility levels remaining elevated during September, the successful gathering of new assets has kept the industry on course to surpass previous full-year records.
Deborah Fuhr, managing partner at ETFGI, commented: “Uncertainty on China and when the Fed will raise interest rates continues to weigh the markets and investor sentiment. The S&P 500 decreased 2.6% in September, and is down 6.7% year to date.”
Japan’s ETP market is boasting one of the strongest growth rates with net inflows of $36bn year to date (YTD) representing a 143% increase on last year. Europe has seen a 30% increase on last year’s figures, having gathered $62bn in new assets YTD. The US has witnessed the largest absolute growth, with net inflows reaching $146bn YTD, representative of an 8.5% increase from last year. All data as of 30 September 2015.
These growth rates have been driven mainly by demand for equity products which have brought in $156bn YTD. Fixed income ETPs gathered $64bn while commodity ETPs netted $3bn during the same period.
During September, equity ETPs were also the trend leader, gathering $17bn in new assets. Fixed income ETPs brought in $12bn while commodity ETPs experienced a net outflow of $590m.
iShares has further secured the title of world’s largest ETP provider by pulling in $76.9bn in new assets under management (AUM) this year, with net inflows of $13.7bn in September. Vanguard was the second fastest gatherer of new assets with $59.2bn recorded YTD, including $4.4bn in September.
Other notable gatherers YTD include db x-trackers ($25.7bn), WisdomTree ($19.9bn) and Nomura AM ($18.6bn).
The global ETF/ETP industry now has 5,978 ETFs/ETPs with a cumulative total of $2.8tn in assets under management. These are provided through 11,518 listings, from 270 providers, listed on 63 exchanges in 51 countries.