Flows into exchange traded funds (ETFs) and exchange traded products (ETPs) listed globally “rebounded” in March, according to ETFGI.
Preliminary data from ETFGI shows the market gathering net inflows of $11.0 billion which, when combined with a small positive market performance in the month, pushed assets in the global ETF/ETP industry to a new record high of $2.45 trillion. Globally, there are now 5,204 ETFs/ETPs, with 10,219 listings, from 222 providers on 59 exchanges.
“March was the first month in 2014 when equity exposures gathered more net new assets than fixed income,” says Deborah Fuhr, managing partner at ETFGI.
“Equity markets were choppy in March – the S&P 500 closed at an all-time high on March 7th but ended the month up less than 1%. Gains came at the end of the month after comments from Fed provided assurance that short-term rates would not increase earlier than expected. Outside the U.S., developed markets declined slightly while emerging markets gained 3%.”
In March 2014, ETFs/ETPs saw net inflows of $11.0 billion. Equity ETFs/ETPs gathered the largest net inflows with $9.9 billion, followed by commodity ETFs/ETPs with $876 million, while fixed income ETFs/ETPs experienced net outflows with $1.4 billion.
Global ETF and ETP Assets Reach New Record at End of Q1
Flows into exchange traded funds (ETFs) and exchange traded products (ETPs) listed globally “rebounded” in March, according to ETFGI.