ETFs/ETPs gather record $68bn globally during February

Mar 13th, 2017 | By | Category: ETF and Index News

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Exchange-traded funds and exchange-traded products listed globally gathered a record level of $68.3 billion in net inflows in February, marking the 37th consecutive month or over three years of net inflows, according to research from ETF industry consultant ETFGI.

ETFs/ETPs gather record $68bn globally during February

As of the end of February 2017, YTD net inflows for ETFs/ETPs listed globally have amounted to $131.0bn.

Despite the shorter month, the level of net inflows surpassed the strong start to the year where investors piled $62.7bn of net new assets into the global ETF industry during January. Equity ETFs/ETPs gathered the largest net inflows with $, followed by fixed income ETFs/ETPs with $14.4bn, and commodity ETFs/ETPs with $6.0bn.

iShares gathered the largest net ETF/ETP inflows in February with $18.8bn, followed by Vanguard with $13.2bn and SPDR ETFs with $10.1bn.

Assets under management in ETFs/ETPs listed globally reached a new record level of $3.844 trillion as of the end of February, up $155bn from the prior record of $3.689tn set at the end of January 2017 as strong global equity market performance contributed to the new record.

Deborah Fuhr, managing partner and co-founder of ETFGI, commented: “The US equity market performed strongly in February with the S&P 500 up 4.0% and the DJIA was up 5.2%. International equity markets continued to perform well in February with the S&P Developed Ex-US BMI up 1.4% while the S&P Emerging BMI was up 3.5%.”

Record levels of AUM were also reached at the end of February 2017 for ETFs/ETPs listed in various regions including in the United States at $2.758tn, Europe at $620bn, Asia Pacific ex Japan at $136bn, Japan at $198bn and in Canada at $91bn.

Echoing the concerns of analysts globally, Fuhr noted several risk factors that may act as headwinds to equity markets driving global ETF/ETP AUM higher. She said: “There are significant upcoming political and economic events that investors will be watching in Europe in the next two months: the first round of the French election, a Dutch general election, the beginning of the UK’s “Brexit” negotiations and, officials from the EU and the IMF are once again locked in negotiations over the Greek bailout.”

Year-to-date through end of February 2017, ETFs/ETPs have gathered $131.0bn – a record amount of YTD net inflows. All major asset classes have surpassed their previous YTD net inflow records with equity ETFs/ETPs gathering $90.6bn, fixed income ETFs/ETPs attracting $27.5bn, and commodity ETFs/ETPs gaining $7.5bn.

YTD, iShares won the largest share of net ETF/ETP inflows with $38.0bn, followed by Vanguard with $29.2bn and SPDR ETFs with $12.4bn net inflows.

At the end of February 2017, the global ETF/ETP industry had 6,699 ETFs/ETPs, with 12,646 listings, from 298 providers listed on 65 exchanges in 53 countries.

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