Brexit was apparently good for passive products. Looking only at the month of June alone, there were net new assets of $31.4bn for ETFs and ETPs listed globally, the UK-based research consultancy said.
The asset class breakdown for the month of June was equity, which gathered the largest net inflows ($11.7bn), followed by fixed income ($10.8bn), and commodity ($6.6bn).
By geography, inflows in the US ($2.3trn) led, followed by Japan ($147.7bn) and Canada ($79.1bn).
“Markets and investors around the world were engulfed in the chaos following what many saw as the unexpected result of the UK’s June 23rd vote. Volatility was up significantly during the month,” according to Deborah Fuhr, the firm’s managing partner.
In June, iShares gathered the largest net ETF and ETP inflows with $13.4bn, followed by Vanguard ($10.0bn) and Nomura Asset Management ($2.1bn).
The firm said average daily trading volumes of ETFs and ETPs increased by 20.9% to $98.3bn in June from $81.3bn in May.
First half drop
At the end of the second half, total ETFs and ETPs numbered 6,424 with assets of $3.18trn, according to ETFGI. The products are from 284 providers globally.
Despite setting a new record, in the first half of the year ETFs and ETPs had $122.7bn of net inflows, significantly below the $152.7bn gathered during the first six months of 2015, the firm said.
Still, global ETF assets are expected to rise to $7trn by 2021, driven by steady growth in the North American, European and Asian markets, Portfolio Adviser recently reported, citing a PwC’s recent survey.
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Within Asia, there are 481 ETFs available for sale in Hong Kong and Singapore, according to FE. Gold and commodites and energy ETFs dominated the first half top 10 performers in Asia.
Here are the top five performers in the first half:
