Summary for European listed ETFs
At the end of April 2012, the European ETF industry had 1,295 ETFs, with 4,579 listings, assets of US$291.0 Bn, from 37 providers on 21 exchanges.
Assets
- ETF assets have decreased by 3.4% from US$301.3 Bn in March 2012 to US$291.0 Bn in April 2012.
- YTD through end of April 2012, ETF assets have increased by 8.8% from US$267.6 Bn to US$291.0 Bn.
Flows
- In April 2012, ETFs saw net outflows of US$4.7 Bn. Equity ETFs experienced net outflows of US$5.2 Bn, resulting primarily from ETFs tracking European indices with US$5.0 Bn net outflows. Fixed income ETFs gathered net inflows of US$228 Mn, where US$407.7 Mn went into government bond ETFs, while money market ETFs saw net outflows of US$731.7 Mn. Commodity ETFs gathered net inflows for the month of US$126.5 Mn, of which US$237.3 Mn went into ETFs providing exposure to precious metals, while ETFs tracking agriculture, energy, industrial metals and broad commodity indices experienced net outflows totalling a combined US$110.8 Mn.
- YTD through end of April 2012, ETFs saw net inflows of US$1.5 Bn. Commodity ETFs gathered US$1.2 Bn net inflows, of which US$1.0 Bn went into ETFs providing exposure to precious metals. Fixed income ETFs saw net inflows YTD of US$1.1 Bn, of which US$2.6 Bn went into corporate bond ETFs, while government bond ETFs experienced US$1.2 Bn net outflows. Equity ETFs saw net outflows of US$1.9 Bn YTD, with US$6.8 Bn net outflows from ETFs tracking European equity indices, while US$2.9 Bn net inflows went into ETFs tracking emerging market equity indices.
- YTD through end of April 2012, leveraged inverse ETFs gathered net inflows of US$0.4 Bn, inverse ETFs experienced US$0.2 Bn net inflows, while leveraged ETFs saw net outflows of US$0.4 Bn.
- ETFlab Investment gathered the largest net inflows in April with US$0.6 Bn, followed by Source Markets with US$0.4 Bn and Credit Suisse Asset Management with US$0.3 Bn net inflows.
- Source Markets gathered the largest net inflows YTD with US$1.5 Bn, followed by UBS Global Asset Management with US$1.2 Bn and ETFlab Investment with US$0.8 Bn net inflows.
- iShares experienced the largest net outflows in April with US$4.3 Bn.
- db x-trackers experienced the largest net outflows YTD with US$1.4 Bn, followed by Commerzbank with US$0.6 Bn and EasyETF with US$0.6 Bn net outflows.
Summary for European listed ETFs/ETPs
Including other Exchange Traded Products (ETPs), at the end of April 2012, the European ETF/ETP industry had 1,892 ETFs/ETPs, with 5,802 listings, assets of US$326.3 Bn, from 43 providers on 22 exchanges.
Assets
- ETF/ETP assets have decreased by 3.1% from US$336.7 Bn in March 2012 to US$326.3 Bn in April 2012.
- YTD through end of April 2012, ETF/ETP assets have increased by 8.7% from US$300.1 Bn to US$326.3 Bn.
Flows
- In April 2012, ETFs/ETPs saw net outflows of US$4.7 Bn. Equity ETFs/ETPs experienced net outflows of US$5.2 Bn, resulting primarily from ETFs/ETPs tracking European indices with US$5.0 Bn net outflows. Fixed income ETFs/ETPs gathered net inflows of US$228.3 Mn, where US$407.7 Mn went into government bond ETFs/ETPs, while money market ETFs/ETPs saw net outflows of US$731.7 Mn. Commodity ETFs/ETPs gathered net inflows for the month of US$133.3 Mn, of which US$268.9 Mn went into ETFs/ETPs providing exposure to precious metals, while ETFs/ETPs tracking agriculture, energy and broad commodity indices experienced net outflows totalling a combined US$180.3 Mn.
- YTD through end of April 2012, ETFs/ETPs saw net inflows of US$2.7 Bn. Commodity ETFs/ETPs gathered US$2.0 Bn net inflows, of which US$1.3 Bn went into ETFs/ETPs providing exposure to precious metals. Fixed income ETFs/ETPs saw net inflows YTD of US$1.1 Bn, of which US$2.6 Bn went into corporate bond ETFs/ETPs, while government bond ETFs/ETPs experienced US$1.2 Bn net outflows. Equity ETFs/ETPs saw net outflows of US$1.9 Bn YTD, with US$6.8 Bn net outflows from ETFs/ETPs tracking European equity indices, while US$2.9 Bn net inflows went into ETFs/ETPs tracking emerging market equity indices.
- YTD through end of April 2012, inverse ETFs/ETPs gathered net inflows of US$0.5 Bn, leverage inverse ETFs/ETPs experienced US$0.4 Bn net inflows, while leveraged ETFs/ETPs saw US$0.3 Bn net outflows.
- ETFlab Investment gathered the largest net inflows in April with US$0.6 Bn, followed by Source Markets with US$0.4 Bn and Credit Suisse Asset Management with US$0.3 Bn net inflows.
- Source Markets gathered the largest net inflows YTD with US$1.6 Bn, followed by UBS Global Asset Management with US$1.2 Bn and ETFlab Investment with US$0.8 Bn net inflows.
- iShares experienced the largest net outflows in April with US$4.3 Bn.
- db x-trackers experienced the largest net outflows YTD with US$1.4 Bn, followed by Commerzbank with US$0.6 Bn and EasyETF with US$0.6 Bn net outflows.
For further information please contact:
Deborah Fuhr
Partner
ETFGI LLP
100 Pall Mall, St James
London, SW1Y 5NQ
United Kingdom
Phone: +44 207 321 5650
Email: deborah.fuhr@etfgi.com