Trends within the ETP market showed products offering German equity exposure and those with a focus on yield attracted the greatest inflows in 2011, with iShares DAX ETF topping the list of most popular ETPs in terms of net new assets.
The fund saw inflows of $11.6bn during the year, taking its AUM up to $13.9bn and making it the fifteenth largest ETP by AUM.
Next in line was the Vanguard MSCI Emerging Markets ETF, which attracted $7.8bn in net new assets, making it the third largest ETP by AUM at $41.9bn.
State Street’s SPDR S&P 500 maintained its position as the largest ETP in terms of AUM at $95.2bn and also sat in third place for net new assets, receiving $6.5bn over the year.
The db x-trackers DAX ETF was another Germany-focused ETF in the top 10 for net new assets, witnessing growth of $5.7bn from new inflows taking it to total AUM of $7.5bn.
Market giant
iShares maintained its position as largest global ETP provider in 2011, with almost $600bn AUM, although its market share dropped by 1% to 39.3%. Meanwhile, the next biggest provider was State Street Global Advisers, with $270bn AUM, which upped its market share by almost 1% to 17.7%.
Fixed income was the fastest growing asset class in the ETP space, with a 24% surge in AUM during last year, but this was mainly into US-listed products.
Meanwhile, developed equity saw healthy net inflows of $93bn, which were depleted to $27.7bn representing a 3.3% growth in AUM due to a negative market return of -$65.6bn.
At the other end of the spectrum emerging market equity products saw AUM shrink by 18.7% due to negative market returns of $43bn and net redemptions of 1.8bn over the year.
