ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the Europe gathered net inflows of US$6.50 billion during September 2018. 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, an annual paid-for research subscription service. (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.
