The figure includes the $8.7bn (£5.5bn) in NNA gathered in October and continues the record-setting trend in terms of assets gathered seen already in Japan and more broadly within the global ETP space.
This includes inflows of $5.2bn (£3.3bn) into equity products and $3.6bn (£2.3bn)into fixed income products. Commodities ETPs, however, saw $183m (£115m)in net outflows during the month.
“At the end of October, the European ETF/ETP industry had 2,111 ETFs/ETPs, with 6,323 listings, assets of US$459 Bn, from 51 providers listed on 26 exchanges, according to preliminary data,” ETFGI said.
Deborah Fuhr, managing partner at ETFGI explained that the number was more impressive given the challenges faced during the month, including growing macroeconomic concerns as a result of increasing deflation fears in Europe, and questions over the UK’s continued membership.
“At the end of the month the markets reacted positively to the Bank of Japan’s announcement of new annual purchasing targets of ¥80 Tn in bonds and ¥3 Tn in ETFs. The S&P 500 reached a new record, 2,017, which is up 1.2% for the month and 9.2% for the year. Developed markets ended the month down 2% while emerging markets gained 2%.”
ETFGI said, that BlackRock’s iShares division saw the largest inflows at $4.5bn (£2.9bn) while Vanguard and Lyxor saw $1.7bn (£1.1bn) and $1.1bn (£691m) over the month, coming in second and third place.