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.
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.