Exchange traded funds (ETFs) and exchange traded products (ETPs) have globally reached a record $199 billion in net new assets (NNA) through the end of Q3 2014, ETFGI’s research found.
According to the firm, the NNA gathered by ETFs and ETPs have surpassed the previous high of $185.8bn set in the first three quarters of 2012.
In September 2014, ETFs/ETPs saw net inflows of $13.2bn with equity ETFs/ETPs gathering the largest net inflows with $14.8bn.
On the other hand, fixed income ETFs/ETPs saw net outflows of $449 million and commodity ETFs/ETPs experienced net outflows of $1.5bn, reported ETFGI.
Specifically, YTD NNA flows reached record levels for the ETF/ETP industries in Japan at $15.0bn and Europe at $47.4bn.
However, Deborah Fuhr, managing partner at ETFG said: "In September investors invested the majority of net new money into North American equity exposures. Due to the on-going situation in the Ukraine, Scotland’s referendum vote, and the Bank of England Governor’s statement that a rate increase was "getting closer", investors reduced their exposure to Europe."
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By GlobalDataShe said the unfavourable geopolitical environment caused the S&P 500 to decline 1% in September, with developed and emerging markets also declining 4% and 7% respectively.
ETFGI said iShares is the largest ETF/ETP provider in terms of assets with $980.3bn, reflecting 37.3% market share; SPDR ETFs is second with $431.6bn and 16.4% market share, followed by Vanguard with $406.8bn and 15.5% market share.
These top three ETF/ETP providers, out of 225, account for 69.3% of Global ETF/ETP assets, while the remaining 222 providers each have less than 4% market share, said ETFGI.
The global ETF/ETP industry has 5,463 ETFs/ETPs, with 10,510 listings, assets of $2.6 trillion, from 225 providers listed on 61 exchanges, according to preliminary data from ETFGI’s end Q3 2014 Global ETF and ETP industry insights report.