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ETFGI reports ETFs and ETPs listed in Europe gather net inflows of US$1.39 Bn during October 2018

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.)

Highlights

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

NameTickerAssets
(US$ Mn)
Oct-18
ADV
(US$ Mn)
Oct-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Oct-18
iShares Core MSCI World UCITS ETFIWDA LN15,339152,211514
Lyxor S&P 500 UCITS ETF – D-EURLYPS GY3,87711,094450
iShares Core S&P 500 UCITS ETFCSSPX SW30,076133,665399
iShares S&P 500 Financials Sector UCITS ETFIUFS LN1,797346390
Invesco S&P 500 ETFSPXS LN3,2864840340
iShares $ High Yield Corp Bond UCITS ETFIHYU LN3,2936(606)327
iShares Core MSCI EM IMI UCITS ETFEMIM LN8,96352,155296
Xtrackers Nikkei 225 UCITS ETF (DR) – 1DXDJP GY1,1043751246
iShares $ Treasury Bond 1-3yr UCITS ETFIBTS LN3,46711,082245
iShares US Aggregate Bond UCITS ETFIUAA LN4320285232
Xtrackers Euro Stoxx 50 UCITS ETF (DR) – 1DXESX GY2,8127315231
AMUNDI ETF S&P 500 UCITS ETF EUR C500 FP2,0693811223
iShares € Govt Bond 3-5yr UCITS ETFIBGX LN2,6270433201
iShares Edge MSCI World Minimum Volatility UCITSMVOL LN2,2344383191
iShares Core DAX UCITS ETF (DE)DAXEX GY7,826134(505)181
Lyxor UCITS ETF EURO CASHCSH FP1,0811498171
Think iBoxx Government Bond UCITS ETFTGBT NA2251161171
iShares MSCI World EUR Hedged UCITS ETF (Acc)IWDE LN1,8131546165
BNP Paribas Easy Msci Europe SRISRIE FP2090216160
iShares EURO STOXX 50 UCITS ETFEUN2 GY4,81513(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

Name       TickerAssets
(US$ Mn)
Oct-18
ADV
(US$ Mn)
Oct-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Oct-18
Invesco Gold ETCSGLD LN4,413730167
ETFS Physical GoldPHAU LN5,9925201120
Xtrackers Physical Gold Euro Hedged ETCXAD1 GY1,753234197
Xtrackers Physical Gold ETC (EUR)XAD5 GY2,25411,72994
ETFS NickelNICK LN430036970
ETFS Daily Short WTI Crude OilSOIL LN9004267
ETFS AluminiumALUM LN960(30)50
GBS Bullion SecuritiesGBS LN3,0345(657)38
Xtrackers Physical Gold GBP Hedged ETCXGLS LN480337
ETFS Long JPY Short EURSJPS GY129010921

Investors have tended to invest in core, market cap and lower cost ETFs in October.

Source: ETFWorld

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