Global ETP sales breach 2trn in Feb

Sales of exchange-traded funds and products reached a record high of $2.44trn in February.

Global ETP sales breach 2trn in Feb

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The global ETF/ETP industry has 5,183 products or funds with 10,210 listings, from a total of 219 providers across 59 exchanges, according to the specialist research house.

Flows into the global vehicles rebounded in February, taking in net flows of $29bn while riding positive market movement. Of the inflows, fixed income ETFs/ETPs gathered $16.8bn, with equity products following with $10.2bn. Commodity ETPs were third-highest sellers, receiving net inflows of $870m.

'Out of hibernation'

Deborah Fuhr, managing partner said: “Positive comments from the Fed indicating that the US economy continues to brighten, the S&P 500 ending February with a record close of 1,859 and signs of a wider global recovery in equities seems to have caused investors to come out of their winter hibernation after the winter storms and put net inflows of $29bn into ETFs/ETPs in February.”

She added that the competition remained high, with fewer than 2% of the 5,183 listed products accounting for more than half the global assets.

Only 7% of them held more than $1bn in assets, while 69% had less than $100m, 59% smaller than $50m and nearly a third holding less than $10m of assets.

At group level, Vanguard had the largest net ETF inflow with $9.4bn, followed by iShares with $7.1bn, Nomura AM with $4.2bn and First Trust and Guggenheim in fourth and fifth position, by sales.

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