Global ETF assets reach record high of $2.64 trillion

Jul 10th, 2014 | By | Category: ETF and Index News

Exchange-traded funds listed globally enjoyed another strong month in June, gathering $34.8 billion in net new assets, according to preliminary data from industry consultants ETFGI.

ETF assets reach record high of $2.64 trillion

Global ETF and ETP assets reached a record high of $2.64 trillion at the end of the second half of 2014, according to data from ETFGI.

Year to date the figure, which includes exchange-traded products, is $126.6 billion, outpacing the previous high of $106.4 billion at this point set in 2012.

Combined with positive market performance, net flows pushed assets in the global ETF/ETP industry to a new record high of $2.64 trillion invested across 5,359 ETFs/ETPs, with 10,401 listings, from 219 providers listed on 59 exchanges.

The ETF/ETP industry in most countries and regions reached new record highs at the end of the second quarter of 2014, including in the United States with $1.86 trillion in assets; Europe with $470 billion; Asia Pacific ex Japan with $96.7 billion; Japan with $90.1 billion; Canada with $65.7 billion and the Middle East and Africa with $43.5 billion.

Commenting on the figures, Deborah Fuhr, Managing Partner at ETFGI, said: “In June investors invested almost all net new money into equity exposures with the US and emerging markets being the preferred allocations. The S&P 500 index ended up 7% at the end of Q2 2014, closing at an all-time high on June 20th. Internationally, developed markets gained 2% and emerging markets are up 4%. The positive equity market performance has helped to improve investor confidence during the first half of 2014.”

Of the $126.6 billion in net inflows invested year to date, equity products gathered $84.2 billion, followed by fixed income products with $36.5 billion. Commodity products meanwhile suffered net outflows of $3.0 billion.

Year to date iShares has been the star performer, gathering the largest net inflows with $38.0 billion. At the end of Q2 2014 the provider’s assets had surpassed the $1 trillion mark, with assets up $351 billion in the past two years. Despite this impressive growth, however, iShares’ market share has declined by nearly 1%, falling from 38.7% to 37.9%.

Year to date, Vanguard has also performed very strongly, gaining market share with $34.7 billion of net inflows. Rounding out the global top five, in terms of net flows year to date, are First Trust with $6.51 billion, Nomura AM with $4.66 billion and Guggenheim with $4.39 billion.

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