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Global ETF/ETP assets fell by 3.2% to $2.32 trillion in January 2014 based on negative market performance and net outflows of $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 $7.6 billion from ETFs/ETPs in January 2014”, said Deborah Fuhr, Managing Partner at ETFGI.
Equity ETFs/ETPs experienced the largest net outflows with $11.8 billion, followed by commodity ETFs/ETPs with $1.9 billion, while fixed income ETFs/ETPs gathered the largest net inflows with $2.9 billion.
Among the ETF issuers, Vanguard gathered the largest net ETF/ETP inflows over the month, with $4.8 billion, followed by Nomura AM with $2.4 billion and First Trust with $1.5 billion net inflows. SPDR ETFs experienced the largest net ETF/ETP outflows in January with $16.5 billion, followed by iShares with $5.6 billion.
In terms of index providers, S&P Dow Jones has the largest amount of ETF/ETP assets tracking its benchmarks with $657.1 billion, reflecting 28.3% market share, a large proportion of which is based on the S&P 500; MSCI, a favourite among institutional investors, is second with $323.6 billion and 13.9% market share, followed by Barclays, the leader in the fixed income space, with $197.8 billion and 8.5% market share.