Global ETF and ETP assets end 2013 at record high

Jan 13th, 2014 | By | Category: ETF and Index News

Global ETF and ETP industry assets reached a new record high of $2.4 trillion at year-end 2013, according to preliminary findings from ETFGI, a London-based consultancy.

Global ETF and ETP assets end 2013 at record high

Global ETF and ETP assets ended the year at a record high, according to data from ETFGI.

The global ETF/ETP industry had 5,090 ETFs/ETPs, with 10,172 listings, from 218 providers on 60 exchanges at the end of 2013.

“After spending most of 2013 wondering when and how the Fed would taper its quantitative easing scheme, investors felt a degree of positive cheer and certainty after the Fed announced in December that the US economy was strong enough for it to begin to taper by $10 billion in January 2014” according to Deborah Fuhr, Managing Partner at ETFGI.

In December 2013, ETFs/ETPs saw net inflows of $24.5 billion. Equity ETFs/ETPs gathered the largest net inflows with $28.3 billion, followed by fixed income ETFs/ETPs with $403 million, while commodity ETFs/ETPs experienced net outflows of $5.0 billion.

In 2013, global ETF/ETP assets increased by 23% based on positive market performance and net inflows of $242.8 billion, but did not surpass the $265.0 billion in net inflows in 2012.

Equity ETFs/ETPs gathered a record level of net inflows in 2013 with $240.1 billion, followed by fixed income ETFs/ETPs with $22.3 billion, while commodity ETFs/ETPs experienced a record level of $39.7 billion in net outflows in 2013.

In terms of ETF/ETP providers, iShares topped the rankings based on net inflows with $61.0 billion in 2013, narrowly beating Vanguard with $60.2 billion. SPDR ETFs finished third with $18.3 billion, PowerShares took fourth place with $15.4 billion, while WisdomTree gathered the fifth largest net inflows with $14.4 billion.

Over the year, 611 new ETFs/ETPs were launched by 102 providers. This is slightly higher than the 595 ETFs/ETPs launched in 2012 by 104 providers. The 245 ETF/ETP closures in 2013 are higher than the 206 ETFs/ETPs that closed in 2012, and more than three times the 72 that closed in 2011.

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