Global ETF AUM hit all time High

Published October 13th, 2009 - 02:04 GMT

Global ETF assets have hit an all time high of US$891 bn at the end of August 2009 which is 3.9% above the previous all time high of US$858 bn set in July 2009, and 10.6% above the high set in April 2008, according to the latest figures from Barclays Global Investors. The global ETF industry had 1,773 ETFs with 3,137 listings, assets of US$891 bn from 95 providers on 41 exchanges at the end of August 2009. YTD assets have risen by 25.3% which is more than the 18.0% rise in the MSCI World Index in US dollar terms.

Deborah Fuhr, Global Head of ETF Research & Implementation Strategy at BGI said, “The net inflows of US$49.0 bn in the past six months shows demand for ETFs is still growing as clients view ETFs as useful tools to help them implement many types of exposures”.

Emerging Market equity ETFs have seen the largest increase in assets growing by US$51.8 bn YTD to reach US$378.1 bn at the end of August 2009. With 522 listings of which 259 are ETFs, the interest in Equities in the Emerging Markets, are on the rise, leading by 13.8% as of August 2009 and 3.8% YTD. 
Robert Broadwell, iShares Regional Business Director GCC at BGI added, "The global growth in ETFs assets and volumes is partly being driven by professional investors in the Middle East, who are increasingly using ETFs as a low cost, transparent and liquid tool to access global equity, fixed income and commodity markets.  We have seen a particular increase in the use of fixed income ETFs by Gulf-based family offices and their financial advisors”.

Globally, iShares is the largest ETF provider in terms of both number of products, 391 ETFs, and assets of US$429.32 bn, reflecting 48.2% market share; State Street Global Advisors is second with 104 products and US$139.33 bn, 15.6% market share; followed by Vanguard with 40 products and assets of US$71.71 bn and 8.1% market share at the end of August 2009.


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