BlackRock ETF Landscape: Industry Highlights - May 2011

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The global ETF industry had 2,747 ETFs with 6,079 listings and assets of US$1,446.6 Bn, from 142 providers on 49 exchanges around the world. This compares to 2,218 ETFs with 4,478 listings and assets of US$1,044.1 Bn from 131 providers on 42 exchanges at the end of May 2010.

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The global ETF and ETP industry combined, had 3,905 products with 7,873 listings, assets of US$1,636.8 Bn from 180 providers on 52 exchanges around the world. This compares to 3,010 products with 5,613 listings, assets of US$1,173.4 Bn from 157 providers on 44 exchanges, at the end of May 2010. 

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The ETF industry in the United States had 1,008 ETFs and assets of US$984.0 Bn, from 29 providers on two exchanges. This compares to 836 ETFs and assets of US$710.1 Bn, from 30 providers on two exchanges at the end of May 2010.

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US$50.5 Bn of net new assets went into United States listed ETFs/ETPs in 2011 YTD. US$28.5 Bn net inflows went into equity ETFs/ETPs, of which
US$18.1 Bn went into ETFs/ETPs tracking United States equity indices, while ETFs/ETPs tracking emerging market indices saw net outflows of
US$4.2 Bn. Fixed income ETFs/ETPs saw net inflows of US$14.7 Bn, of which US$3.1 Bn went into corporate bond ETFs/ETPs and US$2.9 Bn into government bond ETFs/ETPs. Commodity ETFs/ETPs experienced net inflows of US$4.0 Bn, of which ETFs/ETPs providing exposure to agricultural commodities saw net inflows of US$4.0 Bn while ETFs/ETPs providing exposure to precious metals experienced US$2.2 Bn net outflows. US$3.9 Bn net inflows went into leveraged and inverse ETFs/ETPs, of which US$3.5 Bn net inflows went into leveraged inverse ETFs/ETPs and US$0.9 Bn net inflows went into inverse ETFs/ETPs, while leveraged ETFs/ETPs experienced US$0.6 Bn net outflows.

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YTD, of the US$47.5 Bn net new assets into United States listed ETFs, Vanguard gathered the largest net inflows with US$20.3 Bn, followed by iShares with US$12.2 Bn net inflows, while Bank of New York had the largest net outflows with US$2.1 Bn in 2011 YTD.

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The European ETF industry had 1,154 ETFs with 3,954 listings and assets of US$318.2 Bn, from 39 providers on 23 exchanges. This compares to 946 ETFs with 2,848 listings and assets of US$220.7 Bn from 36 providers on 18 exchanges at the end of May 2010.

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US$2.0 Bn of net new assets went into European listed ETFs/ETPs in May 2011. US$2.8 Bn net inflows went into equity ETFs/ETPs, of which US$1.7 Bn went into ETFs/ETPs providing European equity exposure and US$0.7 Bn net inflows went into ETFs/ETPs providing exposure to North American equity indices. Fixed income ETFs/ETPs saw net outflows of US$0.6 Bn, of which money market ETFs/ETPs experienced US$1.3 Bn net outflows while corporate bond ETFs/ETPs saw net inflows of US$0.2 Bn. Commodity ETFs/ETPs experienced US$0.4 Bn net outflows, of which ETFs/ETPs providing exposure to precious metals experienced US$0.3 Bn net outflows while US$0.1 Bn net inflows went into ETFs/ETPs providing exposure to energy. Leveraged and inverse ETFs/ETPs experienced US$0.4 Bn net inflows in May 2011, of which US$0.2 Bn net inflows went into leveraged inverse ETFs/ETPs, US$0.2 Bn net inflows went into inverse ETFs/ETPs and US$0.1 Bn net inflows went into leveraged ETFs/ETPs in May 2011.

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Of the US$2.2 Bn of net new assets in European listed ETFs in May 2011, iShares gathered the largest net inflows with US$3.8 Bn, followed by Amundi ETF with US$0.4 Bn net inflows, while ETFlab Investment had the largest net outflows with US$1.5 Bn.

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The Asia Pacific (ex-Japan) ETF industry had 259 ETFs with 371 listings and assets of US$59.0 Bn, from 65 providers on 13 exchanges. This compares to 177 ETFs with 278 listings and assets of US$47.8 Bn, from 60 providers on 13 exchanges at the end of May 2010.

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The Japanese ETF industry had 86 ETFs with 90 listings and assets of US$29.8 Bn, from seven providers on three exchanges. This compares to 71 ETFs with 74 listings and assets of US$25.0 Bn from six providers on two exchanges at the end of May 2010. There are 184 ETFs which have filed notifications in Japan.

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The Latin American ETF industry had 27 ETFs, with 408 listings and assets of US$10.8 Bn, from four providers on three exchanges. This compares to 21 ETFs, with 250 listings and assets of US$8.5 Bn from three providers on three exchanges at the end of May 2010.

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The Canadian ETF industry had 184 ETFs and assets of US$41.9 Bn, from four providers on one exchange. This compares to 142 ETFs and assets of US$30.2 Bn from four providers on one exchange at the end of May 2010.