Vanguard and iShares S&P 500 lead 2015 ETF sales

Europe and US equity exchange-traded funds (ETFs) are sucking in money, with Vanguard and iShares products that invest in the S&P 500 in the lead over one month.

The Vanguard S&P 500 ETF drew in €674.93 million in the month to January 9, putting it in first place for inflows. Another US fund, the iShares S&P 500 B Ucits ETF, has the second highest inflows of €627.45 million.

The two funds have taken in over €5 billion and €6 billion, respectively, over the past year.

However, the iShares product took in about a third of its one-month inflow in the past few days, making it the most popular fund over one week, according to Funds Europe analysis of Markit ETP data, an exchange-traded product database from Markit. The data analysed covers products offered in 21 European countries.

The iShares Euro Stoxx 50 Ucits (DE) ETF attracted €614.83 million over the month, to place third.

Unemployment has continued to decrease in the US lately. Non-farm employment increased by 252,000 in December – a sign that the US economy motors into 2015, according to fund manager Schroders. Meanwhile, investors continue to expect the European Central Bank to introduce quantitative easing, an extraordinary stimulus programme, soon.

Europe and US products dominate the top 10 positions for ETF inflows over one month and include the HSBC S&P 500 and Lyxor Ucits ETF Euro Stoxx 50.

Yet the product that places fourth in the list is notable for being a long gold exchange-traded commodity (ETC): the ETF Securities Physical Gold product, with €349.10 million of inflows.

©2015 funds europe

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