ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today 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. 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, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
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 |
NNA |
NNA |
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 |
NNA |
NNA |
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 |
Investors have tended to invest in various types of Fixed Income and Gold ETFs and ETPs in August.