ETFs and ETPs listed in Europe gathered net inflows of US$1.39 Bn during October. Following a turbulent month for financial markets, total assets invested in the European ETF and ETP industry fell 5.88% during October, from US$832 Bn…
By Deborah Fuhr, Managing Partner at ETFGI
at the end of September, to US$783 Bn, according to ETFGI’s October 2018 European ETF and ETP industry landscape insights report.
(All dollar values in USD unless otherwise noted.)
Total Assets in ETFs and ETPs listed in Europe decline 5.88% to $783 Bn in October.
Net new assets gathered by ETFs/ETPs listed in Europe were $1.39 Bn in October.
48th consecutive months of net inflows into ETFs/ETPs listed in Europe.
“Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US. Developed and developing markets saw similar declines during the month. Aside from the US, where strong year-to-date performance cushioned the fall, October pushed many indices deeper into negative territory for the year. The S&P 500 fell 6.84% over the month, retaining a 3.1% gain year-to-date, while European markets fell 7.82%, bringing year-to-date decline to 9.56%. EM markets down 7.60% and Frontier markets down 3.36%, bringing year to date declines to 15.07% and 10.68%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of October 2018, the European ETF/ETP industry had 2,323 ETFs/ETPs, with 8,041 listings, assets of US$783 Bn, from 68 providers on 28 exchanges. Following net inflows of $1.39 Bn and market moves during the month, assets invested in ETFs/ETPs listed in Europe decreased by 5.88%, from $832 Bn at the end of September 2018, to $783 Bn.
Growth in European ETF and ETP assets as of the end of October 2018
Fixed Income ETFs and ETPs listed in Europe saw net inflows of $946 Mn in October, bringing net inflows for 2018 to $12.24 Bn, considerably less than the $24.13 Bn in net inflows at this point last year. Equity ETFs/ETPs listed in Europe saw net outflows of $179 Mn in October, bringing net inflows for 2018 to $33.99 Bn, less than the $59.28 Bn in net inflows at this point last year.
October marked the 48th consecutive month of net inflows into ETFs/ETPs listed in Europe, Year-to-date in 2018 there have been net inflows of $47.70 Bn, less than the $94.69 Bn in net inflows at this point last year.
Substantial inflows during October can be attributed to the top 20 ETFs by net new assets, which collectively gathered $5.29 Bn. The iShares Core MSCI World UCITS ETF (IWDA LN) gathered $519 Mn, the largest net inflow in October.
Top 20 ETFs by net new assets October 2018: Europe
|iShares Core MSCI World UCITS ETF||IWDA LN||15,339||15||2,211||514|
|Lyxor S&P 500 UCITS ETF – D-EUR||LYPS GY||3,877||1||1,094||450|
|iShares Core S&P 500 UCITS ETF||CSSPX SW||30,076||13||3,665||399|
|iShares S&P 500 Financials Sector UCITS ETF||IUFS LN||1,797||3||46||390|
|Invesco S&P 500 ETF||SPXS LN||3,286||4||840||340|
|iShares $ High Yield Corp Bond UCITS ETF||IHYU LN||3,293||6||(606)||327|
|iShares Core MSCI EM IMI UCITS ETF||EMIM LN||8,963||5||2,155||296|
|Xtrackers Nikkei 225 UCITS ETF (DR) – 1D||XDJP GY||1,104||3||751||246|
|iShares $ Treasury Bond 1-3yr UCITS ETF||IBTS LN||3,467||1||1,082||245|
|iShares US Aggregate Bond UCITS ETF||IUAA LN||432||0||285||232|
|Xtrackers Euro Stoxx 50 UCITS ETF (DR) – 1D||XESX GY||2,812||7||315||231|
|AMUNDI ETF S&P 500 UCITS ETF EUR C||500 FP||2,069||3||811||223|
|iShares € Govt Bond 3-5yr UCITS ETF||IBGX LN||2,627||0||433||201|
|iShares Edge MSCI World Minimum Volatility UCITS||MVOL LN||2,234||4||383||191|
|iShares Core DAX UCITS ETF (DE)||DAXEX GY||7,826||134||(505)||181|
|Lyxor UCITS ETF EURO CASH||CSH FP||1,081||1||498||171|
|Think iBoxx Government Bond UCITS ETF||TGBT NA||225||1||161||171|
|iShares MSCI World EUR Hedged UCITS ETF (Acc)||IWDE LN||1,813||1||546||165|
|BNP Paribas Easy Msci Europe SRI||SRIE FP||209||0||216||160|
|iShares EURO STOXX 50 UCITS ETF||EUN2 GY||4,815||13||(632)||159|
Similarly, the top 10 ETPs by net new assets collectively gathered $761 Mn by the end of October 2018.
Top 10 ETPs by net new assets October 2018: Europe
|Invesco Gold ETC||SGLD LN||4,413||7||30||167|
|ETFS Physical Gold||PHAU LN||5,992||5||201||120|
|Xtrackers Physical Gold Euro Hedged ETC||XAD1 GY||1,753||2||341||97|
|Xtrackers Physical Gold ETC (EUR)||XAD5 GY||2,254||1||1,729||94|
|ETFS Nickel||NICK LN||430||0||369||70|
|ETFS Daily Short WTI Crude Oil||SOIL LN||90||0||42||67|
|ETFS Aluminium||ALUM LN||96||0||(30)||50|
|GBS Bullion Securities||GBS LN||3,034||5||(657)||38|
|Xtrackers Physical Gold GBP Hedged ETC||XGLS LN||48||0||3||37|
|ETFS Long JPY Short EUR||SJPS GY||129||0||109||21|
Investors have tended to invest in core, market cap and lower cost ETFs in October.