LONDON — February 10, 2014 — In January 2014, global ETF/ETP assets fell by 3.2 percent to US $2.32 trillion based on negative market performance and net outflows of US $7.6 billion, according to preliminary findings from ETFGI's January 2014 Global ETF and ETP industry insights report. January was a difficult month for emerging and developed equity markets.
“Concerns about economic uncertainty and unrest in emerging markets, a fear that US stocks are over bought and uncertainty over the impact of Fed tapering caused investors to take net outflows of US $7.6 billion from ETFs/ETPs in January 2014,” according to Deborah Fuhr, Managing Partner at ETFGI.
Equity ETFs/ETPs experienced the largest net outflows with US $11.8 billion, followed by commodity ETFs/ETPs with US $1.9 billion, while fixed income ETFs/ETPs gathered the largest net inflows with US $2.9 billion.
In January Vanguard gathered the largest net ETF/ETP inflows US $4.8 billion, followed by Nomura AM with US $2.4 billion and First Trust with US $1.5 billion net inflows while SPDR ETFs experienced the largest net ETF/ETP outflows in January with US $16.5 billion, followed by iShares with US $5.6 billion.
S&P Dow Jones has the largest amount of ETF/ETP assets tracking its benchmarks with US $657.1 billion, reflecting 28.3 percent market share; MSCI is second with US $323.6 billion and 13.9 percent market share, followed by Barclays with US $197.8 billion and 8.5 percent market share.