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Top five fastest growing ETFs

ETFs promotingA commodity and two worldwide equity products are among the fastest growing ETFs of the past five years.

The Source Bloomberg Commodity Ucits ETF, launched on January 16, was the fastest growing ETF in Europe within one month of launch.

Source’s ETF had raised over $925 million (€873 million), as at February 6.

Source provided names of the five fastest growers using Bloomberg data to measure inflows for European ETFs after one month of existence. All funds were launched in the past five years.

The full top five were:

  • Source Bloomberg Commodity Ucits ETF
  • Lyxor Ucits ETF Smart Cash C-EUR
  • HSBC ESI Worldwide Equity Ucits ETF
  • HSBC Worldwide Equity Ucits ETF
  • iShares OMX Stockholm Capped Ucits ETF

Chris Mellor, executive director, product management at Source, said pricing and simplicity were behind the success of the commodity ETF.

“Prior to this launch the lowest cost ETF tracking a first generation commodity index had an ongoing charge of 0.35% and a total cost of 0.75% per annum, almost twice as much as our new fund,” he said. The Source ETF has a total cost of 0.40%.

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