ETFs assets continue to increase

ETF_rising_410Exchange-traded funds (ETFs) continued their meteoric rise in the third quarter of the year as the industry registered assets of US$1,181bn (€849bn) at the end of the quarter, an increase of 14%, year-to-date.

According to and ETF industry review issued by BlackRock’s global ETF research and implementation strategy team, ETF assets have increased from US$1,036bn to US$1,181bn, from the beginning of the year to the end of the third quarter. The rise is greater than the 0.9% increase in the MSCI World Index in US dollar terms.

Year-to-date, the number of ETFs increased by 22.3% with 478 new ETFs being launched and 44 ETFs being delisted. The number of ETFs listed in Europe surpassed the US in April 2009, now with 1,030 ETFs listed in Europe, compared to 890 in the US at the end of Q3 2010. There are currently plans to launch 972 new ETFs.

The BlackRock data showed that in September, net new assets into European domiciled exchange-traded products (ETPs) totalled US$5.0bn. Equity ETPs gathered $3.9bn in net inflows, of which $1.8bn went into emerging markets equity vehicles and $1.1bn into European equity products.

In Europe, fixed income ETPs saw net inflows of $0.4bn, of which $0.8bn went into government bond ETPs while money market products saw net outflows of $0.7bn.

Year-to-date, net new assets into European domiciled products totalled $34.3bn.

©2010 funds europe

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