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Global ETF And ETP Assets Reached U.S. $2.4 Trillion, New Record High, At End Of 2013
By: Deborah Fuhr
LONDON — January 13, 2014 — U.S. $24.5 billion net inflows in December and positive market performance pushed assets in the global ETF/ETP industry to a new record high of U.S. $2.4 trillion at year-end 2013, according to preliminary findings from ETFGI’s global ETF and ETP industry insights report. The global ETF/ETP industry had 5,090 ETFs/ETPs, with 10,172 listings, from 218 providers on 60 exchanges at the end of 2013.
“After spending most of 2013 wondering when and how the Fed would taper its QE scheme, investors felt a degree of positive cheer and certainty after the Fed announced in December that the US economy was strong enough for it to begin to taper by U.S. $10 billion in January 2014” according to Deborah Fuhr, Managing Partner at ETFGI.
In December 2013, ETFs/ETPs saw net inflows of U.S. $24.5 billion. Equity ETFs/ETPs gathered the largest net inflows with U.S. $28.3 billion, followed by fixed income ETFs/ETPs with U.S. $403 million, while commodity ETFs/ETPs experienced net outflows of U.S. $5.0 billion.
In 2013, global ETF/ETP assets increased by 23% based on positive market performance and net inflows of U.S. $242.8 billion, but did not surpass the U.S. $265.0 billion in net inflows in 2012. Equity ETFs/ETPs gathered a record level of net inflows in 2013 with U.S. $240.1 billion, followed by fixed income ETFs/ETPs with U.S. $22.3 billion, while commodity ETFs/ETPs experienced a record level of U.S. $39.7 billion in net outflows in 2013.
iShares topped the rankings based on net inflows with U.S. $61.0 billion in 2013, narrowly beating Vanguard with U.S.$ 60.2 billion. SPDR finished 3rd with U.S. $18.3 billion, PowerShares took 4th place with U.S. $15.4 billion and WisdomTree gathered the 5th largest net inflows with U.S. $14.4 billion.
In 2013, 611 new ETFs/ETPs were launched by 102 providers which, is slightly higher than the 595 ETFs/ETPs launched in 2012 by 104 providers. The 245 ETF/ETP closures in 2013 are higher than the 206 ETFs/ETPs that closed in 2012, and more than three times the 72 that closed in 2011.