ETFGI reported that that assets invested in ETFs and ETPs listed in the Europe gathered net inflows of US$2.96 billion during August 2018.
By Deborah Fuhr, Managing Partner at ETFGI
(All dollar values in USD unless otherwise noted.)
Total assets increased to US$835 billion at the end of August 2018, up 0.91% from US$828 billion at the end of July, according to ETFGI’s August 2018 Europe ETF and ETP industry landscape insights report.
- Assets invested in ETFs/ETPs listed in Europe increased by 0.91% during August 2018 to $835 Bn.
- In August 2018, ETFs/ETPs listed in Europe saw net inflows of $2.96 Bn.
- Year-to-date, assets have increased by 4.12% from $802 Bn at the end of 2017.
- Marks the 46th consecutive month of net inflows into ETFs/ETPs listed in Europe.
“On August 22, 2018 the S&P 500 marked its longest bull market – 3,453 days, without a bear market – a 20% drop from the index’s 52-week high. August was a strong month for U.S. equities with economic strength and strong corporate earnings pushing the S&P 500 to reach record highs and gain 3.26% during the month and up 9.94% year to date. Most non-US markets suffered declines during August due to investors’ concerns over trade tensions, Brexit, currency crises and a fear of contagion. Developed markets ex US declined 1.44% in August while up 0.46% YTD, EM markets were down 3.51% and are down 0.81% YTD and Frontier markets were down 4.50% and are down 1.66% YTD.” according to Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of August 2018, the Europe ETF/ETP industry had 2,324 ETFs/ETPs, with 7,893 listings, from 67 providers on 26 exchanges. Due to net inflows and market moves the assets invested in ETFs/ETPs listed in the Europe increased by 0.91%, from $828 Bn in July 2018 to $835 Bn.
European ETF and ETP asset growth as at end of August 2018
Equity based ETFs/ETPs attracted the largest net inflows during August with $3.37 Bn, bringing net inflows for 2018 to $27.90 Bn, less than the $45.16 Bn in net inflows at this point last year.
Fixed income ETFs/ETPs gathered net inflows of $615 Mn during August, bringing net inflows for 2018 to $9.20 Bn, considerably less than the $22.12 Bn in net inflows at this point last year.
Commodity based ETFs/ETPs experienced net outflows of $860 Mn during August, bringing net inflows for 2018 to $2.62 Bn, less than the $7.47 Bn in net inflows at this point last year.
A high proportion of net inflows during August can be attributed to the top 20 ETFs by net new assets, which collectively gathered $4.93 Bn. The Vanguard S&P 500 UCITS ETF (VUSA LN) saw net inflows of $678 Mn, the largest in August.
Top 20 ETFs by net new assets August 2018: Europe
|Vanguard S&P 500 UCITS ETF||VUSA LN||25,924||9||2,334||678|
|iShares $ Floating Rate Bond UCITS ETF Acc||FLOA LN||936||2||935||655|
|iShares Core S&P 500 UCITS ETF||CSSPX SW||31,247||8||2,793||600|
|iShares Core MSCI World UCITS ETF||IWDA LN||15,492||17||1,265||354|
|iShares MSCI Europe UCITS ETF EUR (Dist)||IMEU LN||5,264||1||(401)||321|
|Xtrackers MSCI USA Swap UCITS ETF||XMUS GY||3,348||0||264||276|
|UBS ETF (LU) MSCI Canada UCITS ETF (CAD) A-dis||CANCDA SW||1,131||1||706||178|
|iShares S&P 500 EUR Hedged UCITS ETF (Acc)||IUSE LN||4,564||3||1,128||173|
|iShares $ Treasury Bond 7-10yr UCITS ETF||IBTM LN||2,859||1||808||168|
|BNP Paribas Easy S&P 500 UCITS ETF EUR Hedged Cap.||ESEH FP||560||2||289||165|
|Xtrackers S&P 500 Swap UCITS ETF||D5BM GY||4,308||1||1,213||158|
|Xtrackers DAX UCITS ETF||XDAX GY||4,516||8||87||158|
|Lyxor EUR 2-10Y Inflation expectations UCITS ETF||INFL FP||1,550||0||294||135|
|Invesco Bloomberg Commodity UCITS ETF (EUR)||CMOE IM||137||(0)||135||135|
|iShares EURO STOXX UCITS ETF (DE)||SXXEEX GY||1,907||9||(262)||131|
|SciBeta HFE Europe Equity 6F EW UCITS ETF||EHEF LN||207||0||178||131|
|Lyxor MSCI World Health Care TR UCITS ETF – C-USD||HLTW LN||219||0||141||130|
|Xtrackers MSCI World Health Care Index UCITS ETF||XDWH GY||516||0||216||130|
|iShares $ TIPS 0-5 UCITS ETF||TP05 LN||982||1||570||130|
|Lyxor UCITS ETF EURO CASH||CSH FP||1,031||1||395||122|
The top 10 ETPs by net new assets collectively gathered $484 Mn by the end of August 2018.
Top 10 ETPs by net new assets August 2018: Europe
|Xtrackers Physical Gold Euro Hedged ETC||XAD1 GY||1,724||1||231||132|
|ETFS Nickel||NICK LN||388||0||278||87|
|ETFS Physical Gold||PHAU LN||5,826||9||90||80|
|ETFS Agriculture DJ-UBSCISM||AIGA LN||341||0||109||63|
|Invesco Gold ETC||SGLD LN||4,063||4||(276)||63|
|Boost EURO STOXX 50 3x Short Daily ETP||3EUS LN||34||0||27||17|
|Boost US Large Cap 3x Short Daily ETP||3USS LN||29||0||11||11|
|Xtrackers Physical Gold ETC||XGLD LN||771||2||64||11|
|ETFS Coffee||COFF LN||85||0||30||11|
|ETFS Energy DJ-UBSCISM||AIGE LN||123||0||25||9|
Investors have tended to invest in International market cap and lower cost ETFs in August.