Total assets decreased to US$832 billion at the end of September 2018, down 0.38% from US$835 billion at the end of August, according to ETFGI’s September 2018 Europe ETF and ETP industry landscape insights report….
By Deborah Fuhr, Managing Partner at ETFGI
(All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Europe decreased by 0.38% during September 2018 to $832 Bn.
In September 2018, ETFs/ETPs listed in Europe gathered net inflows of $6.50 Bn.
Year-to-date, assets have increased by 3.73% from $802 Bn at the end of 2017.
Marks the 47th consecutive month of net inflows into ETFs/ETPs listed in Europe.
“Developed markets were broadly up during September following positive economic data from the US, Japan and Eurozone, despite the US-China trade dispute and on-going political tension in Europe. Developed Markets ex-US gained 0.68% during the month while the S&P 500’s winning streak tapered off, gaining only 0.57%, with mid to small cap US equities closing down. Developing markets downward trend continued, with EM markets down 1.37% and Frontier markets down 0.18%, bringing year to date declines to 8.08% and 7.56%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of September 2018, the European ETF/ETP industry had 2,319 ETFs/ETPs, with 7,960 listings, from 67 providers on 26 exchanges. Due to net inflows and market moves the assets invested in ETFs/ETPs listed in the Europe decreased by 0.38%, from $835 Bn in August 2018 to $832 Bn.
European ETF and ETP asset growth as at end of September 2018
Equity based ETFs/ETPs attracted the largest net inflows during September with $6.28 Bn, bringing net inflows for 2018 to $34.16 Bn, less than the $51.93 Bn in net inflows at this point last year.
Fixed income ETFs/ETPs gathered net inflows of $2.09 Bn during September, bringing net inflows for 2018 to $11.29 Bn, considerably less than the $22.12 Bn in net inflows at this point last year.
Commodity based ETFs/ETPs experienced net outflows of $1.10 Bn during September, bringing net inflows for 2018 to $1.54 Bn, less than the $7.35 Bn in net inflows at this point last year.
A high proportion of net inflows during September can be attributed to the top 20 ETFs by net new assets, which collectively gathered $6.01 Bn. The iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM LN) attracted net inflows of $497 Mn, the largest in September.
Top 20 ETFs by net new assets September 2018: Europe
| Name | Ticker | Assets (US$ Mn) Sep-18 | ADV (US$ Mn) Sep-18 | NNA (US$ Mn) YTD 2018 | NNA (US$ Mn) Sep-18 |
| iShares Edge MSCI Europe Mom Factor UCITS | IEFM LN | 646 | 0 | 549 | 497 |
| Fidelity US Quality Income UCITS ETF-ACC | FUQA LN | 612 | 0 | 509 | 492 |
| iShares Core S&P 500 UCITS ETF | CSSPX SW | 31,891 | 8 | 3,266 | 473 |
| iShares € High Yield Corp Bond UCITS ETF | IHYG LN | 5,522 | 5 | (191) | 443 |
| iShares Core MSCI World UCITS ETF | IWDA LN | 16,014 | 8 | 1,697 | 432 |
| iShares S&P SmallCap 600 UCITS ETF | ISP6 LN | 1,649 | 1 | 518 | 359 |
| AMUNDI MSCI NORTH AMERICA UCITS ETF | NRAM FP | 1,025 | 20 | 750 | 317 |
| AMUNDI ETF MSCI Europe UCITS ETF – C | CEU FP | 2,279 | 2 | 362 | 316 |
| iShares $ Treasury Bond 1-3yr UCITS ETF | IBTS LN | 3,218 | 2 | 837 | 301 |
| iShares JP Morgan EM Local Govt Bond UCITS ETF | SEML LN | 6,092 | 1 | 126 | 295 |
| Xtrackers Nikkei 225 UCITS ETF (DR) – 1D | XDJP GY | 962 | 2 | 504 | 235 |
| iShares $ Treasury Bond 7-10yr UCITS ETF | IBTM LN | 3,061 | 1 | 1,037 | 229 |
| XACT OMXS30 | XACTOMX SS | 1,447 | 17 | 27 | 229 |
| AMUNDI ETF S&P 500 UCITS ETF EUR C | 500 FP | 1,990 | 2 | 587 | 222 |
| SPDR Bloomberg Barclays EM Local Bond UCITS ETF | SYBM GY | 3,000 | 1 | 62 | 207 |
| Lyxor UCITS EUROMTS HR MW Govt Bond | MAA FP | 478 | 0 | 306 | 205 |
| BNP Paribas Equity Low Vol Europe UCITS ETF Cap | EVOE FP | 587 | 0 | 472 | 193 |
| iShares Edge MSCI World Min Volatility UCITS ETF | MVOL LN | 2,145 | 2 | 192 | 192 |
| AMUNDI ETF S&P 500 EUR Hdg Daily UCITS ETF | 500H FP | 1,491 | 1 | 681 | 192 |
| AMUNDI ETF S&P 500 UCITS ETF USD D | 500USD SW | 1,362 | 0 | 166 | 178 |
The top 10 ETPs by net new assets collectively gathered $367 Mn by the end of September 2018.
Top 10 ETPs by net new assets September 2018: Europe
| Name | Ticker | Assets (US$ Mn) Sep-18 | ADV (US$ Mn) Sep-18 | NNA (US$ Mn) YTD 2018 | NNA (US$ Mn) Sep-18 |
| Invesco Gold ETC | SGLD LN | 4,149 | 4 | (137) | 140 |
| BNP Paribas RICI Enhanced BRENT Oil (TR) ETC | BNQC GY | 96 | 0 | 80 | 80 |
| Boost EURO STOXX 50 3x Leverage Daily ETP | 3EUL LN | 36 | 0 | 13 | 28 |
| ETFS Nickel | NICK LN | 402 | 0 | 299 | 21 |
| ETFS Industrial Metals DJ-UBSCISM | AIGI LN | 215 | 1 | 94 | 21 |
| Xtrackers WTI Crude Oil Booster ETC | XCT9 LN | 80 | 1 | (5) | 20 |
| ETFS Physical Silver | PHAG LN | 802 | 1 | (35) | 19 |
| Xtrackers Physical Gold ETC | XGLD LN | 775 | 3 | 78 | 14 |
| Boost WTI Oil 3x Short Daily GBP ETP | 3OIS LN | 45 | 1 | 42 | 13 |
| Xtrackers Physical Gold Euro Hedged ETC | XAD1 GY | 1,666 | 1 | 243 | 12 |
Investors have tended to invest in International market cap and lower cost ETFs in September.
Source: ETFWorld