ETFs in U.S. and Europe on Different Paths

February 21st, 2014
in econ_news, syndication

etfgi-logoEconintersect:  Flows for ETFs (electronically traded funds) registered in the U.S. and those registered in Europe had opposite experiences in January.  While ETFs in the U.S. experienced net outflows, in Europe ETFs saw positive net cash flow.

ETFs and ETPs listed in Europe received net inflows of US$5.4 billion in January 2014, according to findings from ETFGI's January 2014 Global ETF and ETP industry insights report.

Follow up:

The pattern for net flows in January was very different for ETFs and ETPs listed in the United States which suffered net outflows of US$15.5 billion with Equity ETFs/ETPs having the largest net outflows of US$15.9 Bn, followed by commodity ETF/ETP net outflows of US$1.2 Bn, while fixed income ETFs/ETPs gathered net inflows with US$566 Mn.

European listed ETFs and ETPs net inflows of US$5.4 billion in January were composed of Equity ETFs/ETPs gathering net inflows of US$4.0 Bn, followed by fixed income ETFs/ETPs with net inflows of US$2.1 Bn, while commodity ETFs/ETPs experienced net outflows of US$705 Mn.

According to Deborah Fuhr, Managing Partner at ETFGI:

"The buying patterns of European based investors indicates that they are more confident about developed markets including the US than investors based in the US in January 2014."

Equity ETFs/ETPs experienced the largest net outflows with US$11.8 billion, followed by commodity ETFs/ETPs with US$1.9 billion, while fixed income ETFs/ETPs gathered the largest net inflows with US$2.9 billion.

Providers in Europe

In January, UBS gathered the largest net ETF/ETP inflows US$1.8 Bn, followed by iShares with US$1.3 Bn and Lyxor with US$1.2 Bn net inflows while ZKB experienced the largest net ETF/ETP outflows in January with US$223 Mn, followed by Deka with US$179 Mn.

Index providers in Europe

STOXX has the largest amount of ETF assets tracking its benchmarks with US$105 Bn, reflecting 25.6% market share; MSCI is second with US$92.7 Bn and 22.6% market share, followed by S&P Dow Jones with US$43.4 Bn and 10.6% market share.

Please contact or if you would like to subscribe to ETFGI's Global ETF and ETP industry insights reports or ETFGI's Institutional Users of ETFs and ETPs 2012 report.

From home page.

Source: Large portions of this article are from the etfgi press release of 20 February 2014.


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