European ETF industry pulls in $1.3 billion in February

Mar 8th, 2013 | By | Category: ETF and Index News

Exchange-traded funds (ETFs) and other exchange-traded products (ETPs) listed in Europe had net inflows of $1.3 billion in February 2013, according to research published by ETFGI, a London-based consultancy.

European ETF industry pulls in $1.3 billion in February

$1.3 billion flowed into European-listed ETFs and ETPs in February 2013, according to data from ETFGI.

ETFs and ETPs linked to equities gathered the largest net inflows with $1.5 billion, followed by fixed income with $403 million and active products with $380 million. Meanwhile commodity-linked ETFs and ETPs experienced net outflows of $1.15 billion.

Year to date through end of February 2013, ETFs and ETPs have seen net inflows of $7.85 billion. Equity products have gathered the largest net inflows year to date with $6.7 billion, followed by fixed income with $1.5 billion and active with $522 million, while commodity products have experienced net outflows of $931 million.

“The flows into equity ETFs and ETPs show investors are rotating out of cash and fixed income into equities as investor confidence continues to improve,” said Deborah Fuhr, Managing Partner at ETFGI.

Of the equity inflows in February, North American-based equity products gathered the largest net inflows with $498 million, followed by global equity with $489 million and developed European equity with $396 million. Emerging market equity ETFs and ETPs experienced net outflows of $218 million.

As of February month end, the European ETF industry had 1,331 ETFs with 4,936 listings and assets of $341 billion, from 41 providers on 22 exchanges; include other ETPs, such as ETCs and ETNs, and the figures are: 1,962 products comprising 6,200 listings and assets of $378 billion from 47 providers on 23 exchanges.

Industry giant iShares gathered the largest net inflows in February with $1.6 billion, followed by Deutsche Asset & Wealth Management’s db x-trackers/db ETC with $447 million and Sweden’s Xact with $420 million.

Stoxx, which recently celebrated its 15th birthday, has the largest amount of European ETF and ETP assets tracking its benchmarks with $93 billion, reflecting 24.6% market share; MSCI is second with $81 billion and 21.4% market share, followed by S&P Dow Jones with $35 billion and 9.2% market share.

During February, six new European domiciled ETFs and ETPs were launched by three providers on four exchanges, while 11 ETFs and ETPs delisted. In the first two months of this year 46 new ETFs and ETPs have been launched by eight providers on five exchanges, while 13 ETFs and ETPs have delisted.

The top 100 ETFs and ETPs, out of 1,962, account for 58.8% of European ETF and ETP assets. 64 ETFs/ETPs have greater than $1 billion in assets, while 75% of all ETFs and ETPs have less than $100 million in assets, 65% ETFs and ETPs have less than $50 million in assets and 36% ETFs and ETPs have less than $10 million in assets.

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