ETFs and ETPs listed in Europe are gathering net new assets 13% faster than in prior years, according to ETFGI.
A record level of $48.4bn in net new assets (NNA) was gathered by ETFs and ETPs listed in Europe in the first seven months of 2015, surpassing the prior record of $42.9bn gathered in the same period in 2014.
At the end of July 2015, the European ETF/ETP industry had 2,135 ETFs/ETPs, with 6,534 listings, assets of $504bn, from 50 providers listed on 25 exchanges in 21 countries, according to ETFGI’s preliminary ETF and ETP global insights report for July 2015.
“The S&P 500 index ended up 2% for the month of July and finished the first seven months of 2015 up 3%. Although investors faced uncertainty in China and Greece during July they continued to invest significant net new assets in equity ETFs”, according to Deborah Fuhr, managing partner of ETFGI.
Record levels of net new assets (NNA) have also been gathered by ETFs/ETPs listed globally which have gathered $199bn in first seven months of 2015, surpassing the prior record of $164bn gathered in the same period in 2014.
In the United States ETFs/ETPs have gathered net inflows of $125bn, beating the previous record of $116bn gathered in the first seven months of 2013, and ETFs/ETPs listed in Japan have gathered $24bn which is significantly higher than the $15bn gathered in the first seven months of 2014.
In July 2015, ETFs/ETPs listed in Europe gathered net inflows of $8.4bn. Equity ETFs/ETPs gathered the largest net inflows with $6.9bn, followed by fixed income ETFs/ETPs with $2.1bn, while commodity ETFs/ETPs experienced net outflows with $1.1bn.
iShares gathered the largest net ETF/ETP inflows in July with $4.1bn, followed by db x/db ETC with $1.6bn, Lyxor AM with $1.0bn, Source with $966m and Vanguard with $546m in net inflows.