European investors favour developed equity ETFs during January, reports ETFGI

Feb 21st, 2017 | By | Category: ETF and Index News

ETFs/ETPs listed in Europe gathered $11.0bn of net new assets in January with investors displaying a clear demand for ETFs/ETPs tracking developed market equity exposures, according to latest data from ETF industry consultant ETFGI.

European investors favour developed equity ETFs during January, reports ETFGI

Deborah Fuhr, Managing Partner and co-Founder of ETFGI.

Deborah Fuhr, Managing Partner and co-Founder of ETFGI, commented: “Investors favoured equities over commodities and fixed income during January as equity markets had a good start to 2017. Developed markets outside the US and emerging markets showed strong performance in January, up 3.2% and 5.1% respectively while the S&P 500 index was up 1.9% and the DJIA index was up 0.6%.”

Equity ETFs/ETPs saw net inflows of $7.5bn during January, significantly more than the $855m net inflows recorded over the same period last year. European equity ETFs/ETPs gathered the largest net inflows with $2.8bn, followed by North American ETFs/ETPs with $2.5bn, and global equity ETFs/ETPs with $2.4bn, while emerging market equity ETFs/ETPs experienced net outflows of $263m.

Fixed income ETFs and ETPs experienced net inflows of $2.3bn over the month, which is greater than the same period last year which saw net inflows of $982m.

Commodity ETFs/ETPs accumulated $846m of net new money in January, which also beat the previous year’s January flows of $726m.

iShares was the most successful gatherer of net new assets in January with $3.3bn, followed by SPDR ETFs with $1.3bn and UBS ETFs with $1.2bn net inflows.

The positive net gatherings marked the 29th consecutive month of net inflows for the European ETF/ETP industry with assets invested in ETFs/ETPs listed in the region reaching a new record high of $598.7bn at the end January 2017 surpassing the prior record of $573bn set at the end of December 2016.

At the end of January 2017, the European ETF/ETP industry had 2,230 ETFs/ETPs with 7,003 listings, from 57 providers on 25 exchanges in 21 countries.

Record levels of assets under management were also reached at the end of January for ETFs/ETPs listed globally at $3.689tn, in the United States at $2.641tn, in Asia Pacific ex Japan at $132.9bn, and in Canada at $88.8bn.

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