Global ETFs assets break $1 trillion mark
Global exchange traded funds (EFTs) assets broke through the $1 trillion mark at the end of December 2009, a rise of 45.2 per cent from the end of 2008, according to BlackRock.
In its recently published ETF Landscape Year End 2009 preview report, BlackRock stated the global ETF industry had 1,939 ETFs with 3,775 listings and assets of US$1,032 billion from 109 providers on 40 exchanges around the world at the end of last year.
It added that challenging market conditions in 2008 caused a significant shift in investors’ risk appetite in evaluation of counterparty risk and desire for liquidity.
Over the past decade, the compound annual growth rate for ETF assets globally was 56.3 per cent, 58.1 per cent in the US, 53.1 per cent in Canada and 90.5 per cent in Europe, showing no signs of fading interest among investors. During the year, fixed income, equity and commodity-based ETFs enjoyed heavy inflows as some investors adjusted their risk profiles, with investments in areas previously shunned for a year and a half gaining increased investments from March onwards.
Recommended for you
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
L1 Capital, which is in talks to merge with Platinum Asset Management, has indicated it will be voting against a deal to convert a Platinum LIC into an ETF.
Evidentia Group has hired a head of quantitative investments who joins the investment firm and managed account provider from AMP.
