ETFWorld.co.uk
Currency hedged ETF ETFGI

ETFGI : Currency hedged ETFs and ETPs listed globally gathered net inflows of US$3.10 billion

ETFGI reported that currency hedged ETFs and ETPs listed globally gathered net inflows of US$3.10billion during February bringing year to date net inflows to US$7.17 billion……..

Sign up to our free newsletters


By Deborah Fuhr, Managing Partner at ETFGI


Total assets invested in currency hedged ETFs and ETPs decreased by 2.2% from US$181 billion to US$177 billion, with a 5-year CAGR of 21.3%, according to ETFGI’s February 2020 Currency hedged ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)

Highlights

    Currency hedged ETFs/ETPs gathered net inflows of $3.01 billion during February.

    The $177 billion invested in currency hedged ETFs / ETPs listed globally at the end of February is the 3rdhighest on record

 “At the end of February, the S&P 500 was down 8.2% as coronavirus cases continued to spread and the potential economic impact weighed on investors and the markets. Outside the U.S., the S&P Developed ex-U.S. BMI declined nearly 9.0%.  The S&P Emerging BMI lost 5.1% during the month. Global equities as measured by the S&P Global BMI ended down 8.1% with 49 of 50 included country indices down, while China gained 0.9%.”  According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

At the end of February 2020, there were 783 currency hedged ETFs/ETPs, with 1,709 listings, assets of $177 billion, from 73 providers listed on 29 exchanges in 22 countries. Following net inflows of $3.10 billion and market moves during the month, assets invested in currency hedged ETFs/ETPs decreased by 2.2%, from $181 billion at the end of January to $177 billion.

Growth in the US currency hedged ETF and ETP assets as of the end of February 2020

At the end of February 2020, there were currency hedged ETFs/ETPs hedged against 15 different currencies. Year to date, 7 new currency hedged ETFs/ETPs were launched by 13 providers across 7 index providers in 8 countries, while 7 products were delisted from 2 different providers.

During the month, Mixed exposures gathered the largest net inflows with $1.42 billion, followed by United States exposures with $1.29 billion and Global-Developed exposures with $707 million, while Asia Pacific-Developed exposures experienced the largest net outflows with $656 million. On a year to date basis, Mixed exposures gathered the largest net inflows with $2.86 billion, followed by United States exposures with $2.50 billion and Global-Developed exposures with $1.92 billion, while Asia Pacific-Developed exposures experienced the largest net outflows with $870 million.

The top 10 currency hedged ETFs/ETPs by net new assets collectively gathered $2.81 billion at the end of February.

The Vanguard Total International Bond ETF (BNDX US) gathered $976 million, the largest net inflow for the month.

Top 10 ETFs/ETPs by net new assets February 2020: Currency hedged

 

Name

Ticker

Assets
(US$ million)
Feb-20

ADV
(US$ million)
Feb-20

NNA
(US$ million)
YTD 2020

NNA
(US$ million)
Feb-20

Vanguard Total International Bond ETF

BNDX US

27085.33

119.83

2080.56

976.00

Mackenzie Emerging Markets Local

Currency Bond Index ETF

QEBH CN

418.25

11.09

232.62

228.80

iShares S&P 500 EUR Hedged

UCITS ETF (Acc)

IUSE LN

3880.31

2.92

230.98

211.57

iShares USD Treasury Bond 0-1yr

UCITS ETF – Acc

TBX1 SW

1909.09

0.00

365.18

165.57

Xtrackers II iBoxx USD Treasuries

UCITS ETF DR EUR Hedged

XUTE GY

674.22

1.57

198.09

150.17

iShares J.P. Morgan $ EM Bond EUR

Hedged UCITS ETF (Dist) – EUR Hdg

EMBE LN

3925.08

1.64

248.86

124.39

UBS ETF – Bloomberg Barclays US 10+

Year Treasury Bond UCITS ETF (EUR)

UST10F SW

209.06

0.01

121.77

119.74

iShares $ Floating Rate Bond

UCITS ETF – Acc (MXN)

FRMXNX IX

1028.08

0.00

207.96

114.54

iShares $ High Yield Corp Bond

UCITS ETF (MXN)

IHYMXX IX

220.36

0.00

140.06

96.48

iShares Global High Yield Corp Bond GBP

Hedged UCITS ETF (Dist)

GHYS LN

311.40

0.80

115.49

87.42

Quelle: ETFWorld

Related Articles

Tradeweb ETFUpdate – February 2020

Editorial Staff

ETFGI : Equity Smart Beta ETFs/ETPs attracted US$3.40 billion in net inflows

Editorial Staff

ETFGI report on ETFs and ETPs in Europe – February 2020

Editorial Staff