Flows into ETFs and ETPs listed in the United States rebounded in March gathering net inflows of $10.9 billion which, when combined with a small positive market performance in the month, pushed assets in the global ETF/ETP industry to a new record high of $1.73 trillion, according to ETFGI’s latest quarterly global ETF and ETP industry insights report.
At the end of Q1 2014, there were 1,568 ETFs/ETPs listed in the United States, from 57 providers on 3 exchanges.
“March was the first month in 2014 when equity exposures gathered more net new assets than fixed income. Equity markets were choppy in March – the S&P 500 closed at an all-time high on March 7th but ended the month up less than 1%. Gains came at the end of the month after comments from Fed provided assurance that short-term rates would not increase earlier than expected. Outside the US, developed markets declined slightly while emerging markets gained 3%,” according to Deborah Fuhr, Managing Partner at ETFGI.
In March 2014, ETFs/ETPs in the US saw net inflows of $10.9 billion. Equity ETFs/ETPs gathered the largest net inflows with $13.5 billion, followed by commodity ETFs/ETPs with $463 million, while fixed income ETFs/ETPs experienced net outflows of $3.83 billion.
In Q1 2014, ETFs/ETPs in the US have gathered net inflows of $15.0 billion. Fixed income ETFs/ETPs gathered the largest net inflows YTD with $10.3 billion, followed by equity ETFs/ETPs with $1.4 billion, while commodity ETFs/ETPs have seen net outflows of $55 million.
In March 2014, Vanguard gathered the largest net ETF/ETP inflows with $4.73 billion, followed by First Trust with $1.21 billion, iShares with $1.08 billion, ProShares with $753 million and Van Eck’s Market Vectors with $635 million in net inflows.
In Q1 2014, Vanguard has gathered the largest net ETF/ETP inflows with $12.74 billion, followed by iShares with $4.41 billion, First Trust with US$3.691 billion, Guggenheim with $2.31 billion and Charles Schwab with $1.81 billion in net inflows.