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Global ETPs hit $2.49 trillion

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Globally-listed exchanged traded products (ETPs) experienced net inflows of US$34 billion during April, bringing total funds under management to US$2.49 trillion, according to a report by research firm ETFGI.

The ETFGI April 2014 Global ETF and ETP Industry Insights Report revealed there are now 5,241 ETPs and 221 providers across 59 exchanges around the globe. 

During April the ETP industry rose to US$1.76 trillion in the United States, US$449.7 billion in Europe, US$82.4 billion in Japan, US$61.1 billion in Canada and US$41.4 billion in the Middle East and Africa. 

Equity ETPs accumulated the largest proportion of net inflows over the month, gathering US$27.5 billion, followed by fixed income with net inflows of US$6.3 billion. 

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Commodity ETPS experienced net outflows of US$920 million. 

iShares gathered the largest net inflows, with US$10.7 billion of inflows, followed by Vanguard with US$6.2 billion and SPDR ETFs with US$4.6 billion. 

ETFGI managing partner Deborah Fuhr said investors continued to show a strong preference to equity allocations in April. 

“Equity markets were again choppy in April – the S&P500 closed at an all-time high on April 2 but ended the month up less than one per cent,” said Ms Fuhr. 

“Outside the US, developed markets improved slightly, European equities continued to strengthen, while emerging markets remained flat for the month.”