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.….
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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.
Highlights
- 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 $679.06 Mn alone.
Top 20 ETFs by net inflows in August 2019: Europe
| Name | Ticker | Assets (US$ Mn) Aug-19 | NNA (US$ Mn) YTD-19 | NNA (US$ Mn) Aug-19 |
| 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 $440.96 Mn alone.
Top 10 ETPs by net inflows in August 2019: Europe
| Name | Ticker | Assets (US$ Mn) Jul-19 | NNA (US$ Mn) YTD-19 | NNA (US$ Mn) Jul-19 |
| 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.
Quelle: ETFWorld
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