- ETF and ETP assets have declined from the July record high of US$2.17 trillion
- Equity ETFs/ETPs experienced the largest net outflows
- Year to date through end of August 2013, global ETFs/ETPs have gathered net inflows of US$133.44 billion
Global ETFs and ETPs suffered record net outflows of US$16.77 billion in August after gathering near record net inflows of US$45.26 billion in July, according to ETFGI’s Global ETF and ETP industry insights report. ETF and ETP assets have declined from the July record high of US$2.17 trillion to US$2.11 trillion at the end of August 2013. There are now 4,938 ETFs/ETPs, with 9,932 listings, from 211 providers listed on 57 exchanges.
“Investors' concern and uncertainty over the impact on markets of a potential military conflict in Syria and when and how the Fed will begin QE tapering caused investors to net withdraw US$16.77 billion from ETFs/ETPs in August” according to Deborah Fuhr, Managing Partner at ETFGI.
In August, Equity ETFs/ETPs experienced the largest net outflows with US$13.62 billion. North American/US equity ETFs/ETPs experienced the largest net outflows US$16.60 billion, followed by emerging market ETFs/ETPs with US$5.12 billion, while European equity ETFs/ETPs gathered the largest net inflows with US$5.09 billion.
In August, fixed income ETFs/ETPs saw net outflows of US$5.23 billion. Government bond ETFs/ETPs experienced the largest net outflows with US$3.65 billion, followed by inflation with US$772 million, and high yield with US$618 million, while government/corporate bond ETFs/ETPs gathered the largest net inflows with US$208 million.
Commodity ETFs/ETPs saw net outflows of US$911 million. Precious metals ETFs/ETPs experienced the largest net outflows with US$1.08 billion.
Year to date through end of August 2013, global ETFs/ETPs have gathered net inflows of US$133.44 billion which is below the US$141.71 billion gathered at this time last year.
Vanguard ranks first based on August net inflows with US$3.54 billion, and first in year to date net inflows with US$39.71 billion. ProShares ranks second based on August net inflows with US$1.61 billion and sixth in year to date net inflows with US$5.17 billion. Nomura, the seventh ranked provider by overall assets, ranks third for net inflows in August with US$1.23 billion and ranks 12th with year to date inflows of US$3.09 billion. Meanwhile iShares, which ranks first based on overall assets, suffered net outflows of US$5.23 billion in August and ranks second in year to date inflows with US$27.24 billion. SPDR ETFs, which ranks second in overall assets, suffered US$19.24 billion of net outflows in August and US$7.44 billion of net outflows year to date.
Established by industry expert Deborah Fuhr and partners, ETFGI is a wholly independent research and consultancy firm providing research and services to firm such as the leading global institutional and professional investors, the global exchange traded fund and exchange traded product industry, its Regulators and its advisers. The partners leverage over 30 years of extensive industry experience, unparalleled industry contacts and rigorous analysis to deliver proprietary research on the global ETF and ETP industry.