Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • M&A Deals
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Square Mile Research
  • My IA
    • Events
    • Directory
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

european etf assets up 15 per cent

By International Adviser, 18 Sep 13

Assets under management in the European exchange-traded fund (ETF) industry grew to 263.57bn in the second quarter of 2013, an increase of 34.84bn or 15.23% over the previous year, according to the latest research from Lipper.

Assets under management in the European exchange-traded fund (ETF) industry grew to 263.57bn in the second quarter of 2013, an increase of 34.84bn or 15.23% over the previous year, according to the latest research from Lipper.

However, the research also showed the growth rate for ETFs slowed considerably over the period. From December to June, the growth rate for the European ETF industry was just 1.95%. Lipper said the low growth was caused by overall market sentiment and high comparative levels of assets under management. 

The research also showed the European ETF industry remains concentrated in a small number of flagship funds: Only 41 of the 1,743 ETFs hold assets above €1bn. The majority of these (28) are equity funds, with the largest fund in the universe the iShares DAX ETF, which holds over 5% of the overall ETF assets under management in Europe. There are also 11 bond and two physical gold ETFs. The ten largest ETFs account for around a quarter of the market.

The overall number of ETFs shrank over the period, with 38 new fund launches in the first six months of the year, but 56 fund closures. Some industry commentators have taken this as a sign of consolidation in the industry, but Detlef Glow, head of Lipper EMEA, said: "This means the industry has matured and there are not so many “white spots” left where fund promoters can place new products… from my point of view it is only a sign of a mature industry, where promoters need to clear out their product ranges before they launch new ETFs. Therefore, I expect the number of available ETFs will increase by the end of 2013."

Glow added: "After the takeover of Credit Suisse ETF by iShares it seems to be pretty clear that the overall ETF landscape in Europe will change over time. There might be further takeovers or other events that will put established promoters out of business, while on the other hand new ETF promoters such as First Trust will enter the market. The further clearing of product ranges, where unprofitable products are taken off the market, and the ongoing launch activities of promoters will change the product ranges, with a trend toward more granularity."

Luxembourg and Ireland remain the dominant domiciles for European ETFs, followed by France. Physical replication continues to be preferred to synthetic replication.

 

 

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Investment

    RL360 video highlights PIMS personalised portfolio bond

    Middle East

    IA’s new podcast first episode is out now

  • Investment

    Marlborough launches bespoke personal portfolio service for advisers’ HNW clients

    Asia

    Gifting across Europe, UK, Asia among topics in Utmost Wealth Spring briefing


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.