ETFGI reported that ETFs and ETPs listed in Europe suffered net outflows of US$7.86 billion in August, bringing year-to-date net inflows to US$54.89 billion.….
By Deborah Fuhr, Managing Partner at ETFGI
Assets invested in the European ETF/ETP industry have decreased by 2.2%, from US$910.34 billion at the end of July, to US$890.21 billion, according to ETFGI’s August 2019 European ETF and ETP industry landscape insights report.
At the end of August 2019, the European ETF/ETP industry had 2,351 ETFs/ETPs, with 8,662 listings, from 68 providers listed on 30 exchanges in 25 countries.
- Assets invested in the European ETF/ETP industry slipped to $890.21 Bn at the end of August
- Assets invested in the European ETF/ETP industry decreased by 2.2% in August.
- During August 2019, ETFs/ETPs listed in Europe suffered $7.86 Bn in net outflows.
“The S&P 500® slid 1.6% during August, which can be partially attributed to both the growing tensions stemming from the US/China trade talks, or lack thereof, and the sentiment placed on the inverted US yield curve. From an International standpoint, the S&P Developed Ex-U.S. BMI declined 2.5%, with the biggest decline coming out of Hong Kong (-8.0%), driven by recent protests. The S&P Emerging BMI fell 4.5% during the month, with only one riser, Egypt, up 10.5%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Europe ETF and ETP asset growth as at the end of August 2019
Equity ETFs/ETPs listed in Europe suffered net outflows of $12.94 Bn in August 2019, bringing net inflows for 2019 to $3.73 Bn, substantially less than the $27.87 Bn in net inflows equity products had attracted by the end of August 2018.
Fixed income ETFs/ETPs listed in Europe attracted net inflows of $3.49 Bn in August, bringing net inflows for 2019 to $41.82 Bn, considerably greater than the $9.06 Bn in net inflows fixed income products had attracted by the end of August 2018.
Commodity ETFs/ETPs gathered $1.57 Bn in net inflows bringing net inflows to $6.46 Bn for 2019, which is greater than the $2.63 Bn in net outflows suffered through August 2018.
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $6.56 Bn in August, iShares $ High Yield Corp Bond UCITS ETF gathered $679.06 Mn alone.
Top 20 ETFs by net inflows in August 2019: Europe
|iShares $ High Yield Corp Bond UCITS ETF||IHYU LN||4138.41||1,405.16||679.06|
|iShares MSCI EMU ESG Screened UCITS ETF – Acc||SAUM LN||655.69||617.79||600.03|
|Vanguard FTSE All-World UCITS ETF||VWRA LN||577.91||560.43||560.35|
|iShares $ Corp Bond UCITS ETF||LQDE LN||5653.14||(69.29)||525.42|
|iShares Core FTSE 100 UCITS ETF||ISF LN||8304.07||1,148.32||382.24|
|iShares Edge MSCI World Minimum Volatility UCITS ETF||MVOL LN||4288.11||1,073.28||344.66|
|Xtrackers II Eurozone Government Bond UCITS ETF DR||XGLE GY||3501.80||501.12||342.07|
|Xtrackers S&P 500 Swap UCITS ETF||D5BM GY||6519.48||1,666.18||339.47|
|iShares € Corp Bond ex-Financials UCITS ETF||IEXF LN||1655.63||166.54||306.29|
|iShares US Mortgage Backed Securities UCITS ETF||SMBS LN||1026.47||678.07||294.90|
|iShares USD Treasury Bond 0-1yr UCITS ETF – Acc||IB01 LN||1804.46||1,798.05||274.91|
|AMUNDI ETF MSCI USA UCITS ETF||CU2 FP||1282.61||118.74||273.18|
|Vanguard S&P 500 UCITS ETF||VUSA LN||22685.76||(1,579.21)||249.69|
|iShares Gold Producers UCITS ETF||IAUP LN||1596.71||526.97||242.44|
|Invesco S&P 500 ETF – Distributing||D500 GY||725.13||730.85||239.60|
|Vanguard FTSE All-World UCITS ETF||VWRD LN||2945.75||579.67||204.50|
|AMUNDI INDEX J.P. MORGAN EMU GOVIES IG UCITS ETF DR||EGOV FP||528.95||387.16||189.34|
|AMUNDI INDEX JP MORGAN GBI GLOBAL GOVIES UCITS ETF DR||GOVH FP||552.15||477.79||179.18|
|iShares Core € Govt Bond UCITS ETF||SEGA LN||2226.51||521.80||167.14|
|iShares MSCI USA SRI UCITS ETF||SUAS LN||1046.88||350.74||166.62|
The top 10 ETP’s by net new assets collectively gathered $1.60 Bn in August. The iShares Physical Gold ETC gathered $440.96 Mn alone.
Top 10 ETPs by net inflows in August 2019: Europe
|iShares Physical Gold ETC||SGLN LN||6,711.78||1,424.67||440.96|
|Invesco Gold ETC||SGLD LN||7,252.10||1,195.71||434.01|
|Xtrackers Physical Gold ETC (EUR)||XAD5 GY||3,429.00||394.66||196.64|
|Xetra Gold EUR||4GLD GY||9,691.94||656.21||101.53|
|Xtrackers Physical Gold ETC||XGLD LN||1,162.53||247.37||97.80|
|Amundi Physical Metals PLC||GOLD FP||623.27||561.95||91.53|
|ETFS Physical Gold||PHAU LN||7,804.06||(98.78)||79.25|
|ETFS Physical Silver||PHAG LN||1,439.18||441.23||66.75|
|GBS Bullion Securities||GBS LN||3,905.91||(9.86)||55.04|
|ETFS GBP Daily Hedged Physical Gold (GBSP)||GBSP LN||380.60||171.87||38.65|
All dollar values in USD unless otherwise noted.
ETFGI is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, Founder, ETFGI website www.etfgi.com.