ETFGI reports that assets invested ETFs and ETPs listed in Europe reached a record high of US$924.76 billion at the end of September 2019
LONDON —October 31, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in Europe gathered net inflows of US$20.43 billion in September, bringing year-to-date net inflows to US$75.32 billion. Assets invested in the European ETFs/ETPs industry have increased by 3.2%, from US$896.11 billion at the end of August, to a record US$924.76 billion, according to ETFGI's September 2019 European ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
At the end of September 2019, the European ETF/ETP industry had 2,173 ETFs/ETPs, with 8,305 listings, from 69 providers on 27 exchanges.
Highlights
- Assets invested in the European ETF/ETP industry climbed to a record $924.76 billion at the end of September
- Assets invested in the European ETF/ETP industry increased 3.2% in September
- During September 2019, ETFs/ETPs listed in Europe attracted a record $20.34 billion in net inflows.
“The S&P 500® gained 1.9% during September despite slowing economic growth, ongoing trade disputes and a presidential impeachment inquiry. Shifting the focus to the S&P Developed ex-U.S. BMI, the index was up 3.0%, as 23 of 25 countries gained during the month; the highest gainer in the month was Korea (up 6.4%), while Hong Kong continued to decline (down 0.8%). From an Emerging Markets standpoint, the S&P Emerging BMI gained 1.4%, with 15 of the 23 reporting gains. Globally, equities reclaimed prior month losses, gaining 2.1%, as measured by the S&P Global BMI (38 out of 50 countries reporting gains).” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Europe ETF and ETP asset growth as at the end of September 2019
Equity ETFs/ETPs listed in Europe gathered net inflows of $13.06 billion in September 2019, bringing net inflows for the year to September 2019 to $16.70 billion, substantially less than the $34.15 billion in net inflows equity products had attracted for the year to September 2018. Fixed income ETFs/ETPs listed in Europe gathered net inflows of $6.04 billion in September, bringing net inflows for the year to September 2019 to $47.87 billion, considerably greater than the $11.13 billion in net inflows fixed income products had attracted for the year to September 2018. Commodity ETFs/ETPs gathered $736 million in net inflows bringing net inflows to $7.20 billion for the year to September 2019, which is greater than the $1.54 billion in net inflows gathered for the year to September 2018.
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $12.77 billion in September UBS ETFs plc - MSCI ACWI SF UCITS ETF (hedged to USD) A-acc (ACWIU SW) gathered $1.39 billion alone.
Top 20 ETFs by net inflows in September 2019: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
UBS ETFs plc - MSCI ACWI SF UCITS ETF (hedged to USD) A-acc |
ACWIU SW |
2,059.75 |
1,201.74 |
1,389.94 |
|
UBS ETFs plc - MSCI ACWI SF UCITS ETF (hedged to CHF) A-acc |
ACWIS SW |
1,617.29 |
929.85 |
1,231.63 |
|
UBS ETFs plc - MSCI ACWI SF UCITS ETF (hedged to EUR) A-acc |
ACWIE SW |
1,741.94 |
891.27 |
1,035.97 |
|
iShares Core FTSE 100 UCITS ETF |
ISF LN |
9,554.65 |
2,173.59 |
1,025.27 |
|
UBS ETF (LU) MSCI EMU hedged USD UCITS ETF (USD) A-acc |
EUUSBH SW |
897.52 |
135.78 |
744.16 |
|
Xtrackers MSCI USA UCITS ETF (EUR) |
XD9E GY |
833.26 |
719.78 |
728.35 |
|
UBS ETF (LU) MSCI EMU hedged CHF UCITS ETF (CHF) A-acc |
EUCHBH SW |
830.32 |
459.10 |
627.94 |
|
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis |
EMUAA SW |
1,166.21 |
34.64 |
572.78 |
|
iShares J.P. Morgan EM Local Govt Bond UCITS ETF |
SEML LN |
8,898.08 |
2,102.94 |
534.98 |
|
Xtrackers MSCI World Swap UCITS ETF |
XMWO GY |
2,945.10 |
310.63 |
527.28 |
|
Xtrackers MSCI USA Index UCITS ETF (DR) - 1C |
XD9U GY |
5,293.75 |
608.68 |
526.90 |
|
iShares Core MSCI World UCITS ETF |
IWDA LN |
18,684.32 |
2,281.13 |
475.75 |
|
iShares J.P. Morgan $ EM Bond UCITS ETF |
SEMB LN |
8,843.30 |
1,925.75 |
474.19 |
|
Invesco S&P 500 ETF |
SPXS LN |
6,225.53 |
1,699.67 |
469.22 |
|
Lyxor UCITS ETF S&P 500 |
SP5C FP |
1,624.99 |
529.11 |
456.81 |
|
iShares USD Treasury Bond 0-1yr UCITS ETF - Acc |
TBX1 SW |
415.49 |
418.81 |
414.54 |
|
Xtrackers MSCI USA UCITS ETF (CHF) |
XD9C SW |
439.77 |
383.58 |
409.94 |
|
UBS ETF (IE) MSCI Emerging Markets SF UCITS ETF (USD) A-acc |
EGUSAS SW |
862.65 |
(336.42) |
384.78 |
|
Lyxor S&P 500 UCITS ETF - D-USD |
LSPU LN |
2,903.44 |
(636.47) |
378.98 |
|
SPDR S&P US Financials Select Sector UCITS ETF |
ZPDF GY |
535.63 |
92.95 |
363.07 |
The top 10 ETP's by net new assets collectively gathered $787.62 million in September. The Xtrackers Physical Gold Euro Hedged ETC gathered $193.53 million alone.
Top 10 ETPs by net inflows in September 2019: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
Xtrackers Physical Gold Euro Hedged ETC |
XAD1 GY |
2,345.13 |
317.39 |
193.53 |
|
WisdomTree Physical Swiss Gold |
SGBS LN |
2,379.64 |
1,384.41 |
176.04 |
|
WisdomTree Physical Platinum |
PHPT LN |
498.60 |
250.23 |
129.61 |
|
iShares Physical Gold ETC |
SGLN LN |
6,638.62 |
1,548.15 |
123.48 |
|
Invesco Gold ETC |
SGLD LN |
7,108.17 |
1,258.88 |
63.17 |
|
Xtrackers Physical Gold GBP Hedged ETC |
XGLS LN |
159.49 |
90.46 |
29.16 |
|
Amundi Physical Metals PLC |
GOLD FP |
632.77 |
587.14 |
25.20 |
|
WisdomTree Physical Precious Metals |
PHPM LN |
123.00 |
4.55 |
16.54 |
|
WisdomTree Industrial Metals |
AIGI LN |
170.68 |
(11.48) |
15.54 |
|
WisdomTree WTI Crude Oil 3x Daily Short |
3OIS LN |
33.10 |
26.95 |
15.35 |
Investors have tended to invest in various types of Equity, Fixed Income and Commodity ETFs and ETPs in September.
Please contact deborah.fuhr@etfgi.com if you have any questions, suggestions or would like to discuss subscribing to any of ETFGI’s research or consulting services.
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Less than a month left to Register to join the discussion with key industry leading ETF issuers, investors, traders, analysts, regulators, and lawyers – at the ETFGI Global ETFs Insights Summit on December 2nd from 8am – 4:45pm in Toronto at the St Regis Toronto hotel.
The event is designed to facilitate a discussion around the impact regulations and market structure developments are having on the ETF selection, portfolio construction, trading and product development of ETFs.
Complimentary registration is available for buyside institutional investors and financial advisors including traders, portfolio managers and fund selectors. Register here. Attendees will receive a complimentary copy of the CFA Institute's book: "A comprehensive Guide to Exchange Traded Funds (ETFs)"
Our speaker list is continuously growing. View our events page to see the current list of confirmed speakers:
Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission
Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments
Carol E. Derk, Lawyer, Borden Ladner Gervais
Deborah Fuhr, Managing Partner, Founder, ETFGI
Margaret Gunawan, MD, Head of Canada Legal & Compliance, BlackRock
Steve Hawkins, President & CEO, Horizons ETFs
Ronald C. Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Lisa Lake Langley, CEO & Founder, Emerge Capital Management
Jin Li, Vice President, ETF & Quantitative Research Analyst | Equity Research, BMO Capital Markets
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Mary Jane Young, Head of ETF Trading, Director, TD Securities
Jos Schmitt, President & CEO, Executive Director, NEO Exchange
Afternoon workshop: during the afternoon attendees will separated into small groups, participants will have the opportunity to discuss with their peers a number of topics of importance relating to ETFs, as well as raise any questions with, and obtain guidance from, outside experts.
The ETFGI Global ETFs Insights Summits 2020 schedule is:
- New York – April 2, 2020 click here to register
- London – May 19, 2020 click here to register
- Toronto – September 2020
- Hong Kong – November 2020
- .
To discuss sponsorship and speaking opportunities please contact deborah.fuhr@etfgi.com
We look forward to seeing you at one of our upcoming events.
ETFGI Global ETFs Insights Summit Toronto qualifies for 6 FP Canada-Approved CE Credits.
Thank you to our sponsors, speakers and media partners.
ETF TV is a new show which provides insights into the use, trading, regulatory and product development trends for exchange traded funds ETFs and exchange traded products ETPs. Go to www.ETFtv.net to view
Episode 1 ETF TV views from industry leaders in Europe
Episode 2 ETF TV Tara O'Reilly on the regulatory environment for ETFs
Episode 3 ETF TV Dan Draper of Invesco picks out the key future trends to watch in the ETF market
Episode 4 ETF TV Dr Xiaolin Chen of KraneShares explains ETF use in institutional investment and for access to China
Episode 5 ETF TV ETF market structure and trading protocols are evolving approaches to investment Tom Digby, Head of EMEA ETF Client Trading at Invesco
Episode 6 ETF TV Ciarán Fitzpatrick, Managing Director, Head of ETF Servicing Europe at State Street discuss generating alpha with ETFs
Episode 7 of ETF TV features Eric M. Pollackov Global Head of ETF Capital Markets at Invesco sharing his views on active and passive investing being a collaboration of capabilities, the need for education and innovations developing in non-transparent active and Crypto ETPs
Episode 8 of ETF TV features Shaun Baskett, Director Index Sales at Cboe Europe sharing his views on the role of regulation, trade transparency and liquidity for ETFs
Episode 9 of ETF TV features Sergey Dolomanov, Partner at WILLIAM FRY sharing his views on the value of ETFs being the delivery of better value and choice for investors and the development of active and ESG strategies with Hamish McArthur of ETF TV and Deborah Fuhr of ETFGI
Episode 10 of ETF TV features Jim Goldie, head of ETF Capital Markets (EMEA) at Invesco, sharing his views on the growth in the use of fixed income ETFs, how they can have tighter spreads than the index and provide cost efficient execution, with Hamish McArthur of ETF TV
Episode 11 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv, discussing how to define sustainable investment opportunities and the changing landscape of ESG application within the investment industry Episode 12 of ETF TV part 2 of the Difference in US and European approaches to ESG should not inhibit growth interview with Elena Philipova, global head of ESG proposition at Refinitiv with Deborah Fuhr, Managing Partner of ETFGI and co-founder of ETF TV
Episode 13 of ETF TV features Tom Stephens, head of international ETF Capital Markets at JP Morgan Asset Management, Active ETFs will be the next level. The use of fixed income exchange-traded funds for long term investment as well as for shorter term liquidity management and portfolio transitions
Episode 14 of ETF TV episode features Manuela Sperandeo, EMEA head of smart beta, sustainable and thematic ETFs at BlackRock explains how to define the category, assess it in the context of investment strategy, and to implement it in practicality
Please contact us if you are interested in sponsoring a mini segment or a full episode.
About Deborah Fuhr
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.
ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.
Past awards for Ms Fuhr include the ETF.com’s 2018’s Lifetime Achievement Award, the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.
Deborah Fuhr is a founder and board member of Women in ETFs “WE” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 5,300 members, including women and men, in chapters in major financial centers around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy, and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com
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