Globally ETFs and ETPs had outflows of US$3.98 billion in June 2013, their first net outflows in over two years. Assets invested globally in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) are at US$2.04 trillion, down from their all-time high of US$2.13 trillion at the end of May 2013, according to preliminary figures from ETFGI’s Global ETF and ETP industry insights report for first half 2013. There are now 4,849 ETFs and ETPs, with 9,878 listings, assets of US$2.04 trillion, from 209 providers listed on 56 exchanges. Year to date assets in ETFs and ETPs have increased by 4.9% from US$1.95 trillion to US$2.04 trillion.
Average daily trading volumes in ETFs/ETPs in June were US$92.2 billion, representing an increase of 31.1% from May and the highest level since October 2011.
“Market uncertainty surrounding the future of QE programs and volatility in the markets caused investors to withdraw US$3.98 billion from ETFs and ETPs in June” according to Deborah Fuhr, Managing Partner at ETFGI.
Fixed income ETFs/ETPs experienced the largest net outflows with US$7.1 billion, followed by commodity ETFs/ETPs with US$3.8 billion, while equity ETFs/ETPs gathered net inflows with US$4.8 billion.
Year to date through end of H1 2013, ETFs/ETPs have seen net inflows of US$103.9 billion, which is slightly lower than the US$107.2 billion of net inflows at this time last year.
In June 2013, equity ETFs/ETPs saw net inflows of US$4.8billion. North American equity ETFs/ETPs gathered the largest net inflows with US$6.9 billion, and then developed European equity indices with US$3 billion, while emerging market equity ETFs/ETPs experienced net outflows with US$4.9 billion.
Fixed income ETFs/ETPs saw net outflows of US$7.1 billion in June 2013. Inflation ETFs/ETPs experienced the largest net outflows with US$2.1 billion, followed by high yield with US$2 billion, and emerging market bond with US$1.8 billion, while government bond ETFs/ETPs gathered net inflows with US$1.1 billion.
In June 2013, commodity ETFs/ETPs saw net outflows of US$3.8 billion. Precious metals experienced the largest net outflows with US$3.2 billion.
Vanguard ranks 3rd in terms of ETF/ETP assets, is ahead in asset gathering with US$28.9 billion in net inflows year to date, and was the only one of the top 5 providers to receive net inflows in June. iShares ranks 1st in terms of assets, had net out flows of US$7.9 billion in June, and net inflows of US$23 billion year to date. SPDR ETFs ranks 2nd in assets, had net out flows of US$2.4 billion in June, and net outflows of US$6 billion year to date. Powershares ranks 4th in assets, had net out flows of US$586 million in June, and net inflows of US$7.16 billion year to date. DB X trackers ranks 5th in terms of assets, had net out flows of US$751 million in June, and net inflows of US$9 million year to date.
S&P Dow Jones has the largest amount of ETF and ETP assets tracking its benchmarks with US$563 billion, reflecting 27.5% market share; MSCI is second with US$319 billion and 15.6% market share, followed by Barclays with US$188 billion and 9.2% market share.