Commodity ETPs attract record new assets

Construction-Energy-Oil-Fuel-700x450.jpgGlobal ETFs and ETPs attracted $10.8bn of new assets in February, according to independent research firm ETFGI.

Fixed income ETFs/ETPs saw the largest net inflows in February with $13.64bn of new assets, followed by commodity ETFs/ETPs with $8.89bn – a record high. Equity ETFs/ETPs saw net outflows of $12.95bn.

The February industry insights report from ETFGI also shows ETFs and ETPs listed globally have now seen net inflows for 25 consecutive months.

Vanguard came top in terms of asset gathering in February with $4.18bn of net flows, followed by iShares with $3.1bn and then Nomura Asset Management with $1.49bn.

In the first two months of this year flows into ETFs/ETPs were boosted by record levels of new assets in Asia Pacific ex Japan ETFs/ETPs, with net inflows of $6.41bn, and in Japan-listed ETFs/ETPs with $9.24bn in new assets. Commodity ETFs/ETPs also reached a new high in terms of attracting new assets in the first two months of 2016 with $12.28bn of inflows.

Deborah Fuhr, managing partner at ETFGI, says: “February was another volatile month for equity markets which drove investors to invest net flows into government bonds and gold. The S&P 500 closed the month down 0.13 per cent. Despite recent uncertainty, emerging markets gained 0.31 per cent in February, while developed markets outside of the US declined 1 per cent.”

There are 6,200 ETFs/ETPs in the industry, with 11,963 listings and $2.85trn of assets, from 279 providers listed on 64 exchanges in 51 countries.