ETF assets hit a record $1.03 trillion in 2009

Assets under the management of ETFs increased 45.2 per cent year-to-date. (EB FILE)

Global exchange-traded fund (ETF) assets hit an all-time high of $1.032 trillion (Dh3.78trn) at the end of December against $982bn at end-November, an increase of 43 per cent, said Deborah Fuhr, managing director of ETF research with investments company BlackRock.

Commodity and currency ETFs recorded the highest growth of assets under management (AuM) in 2009, with the AuM growing 199.2 per cent in case of currency and 131.7 per cent in case of commodities.

Currently, there are 14 commodity ETFs listed across the world, with total assets under management of $12.6bn, Fuhr said.

Fuhr's research did not contain specific data for investments into ETFs in the GCC, considering the absence of exchange-traded products in the region.

"At the end of December 2009, the global ETF industry had 1,939 ETFs with 3,775 listings and assets of $1,032.3bn, from 109 providers on 40 exchanges around the world," Fuhr said. "Globally, net sales of mutual funds [excluding ETFs] were $13.3bn, while net sales of ETFs were $93.8bn during the first nine months of 2009," she added.

In addition, there were 619 other exchange traded products (ETPs) with assets of $154.52bn from 40 providers on 19 exchanges. Combined, there were 2,558 products with 4,687 listings and assets of $1,186.5bn from 132 providers on 43 exchanges around the world.

Assets under the management of ETFs increased 45.2 per cent year-to-date, whereas the number of ETFs increased 21.9 per cent with 423 ETFs launched, Fuhr said. About 817 new ETFs are now being planned, she added.

Although, ETFs are emerging in Asia, the US and Europe dominated the ETF markets in 2009, Fuhr said.

In the US, the AuM of ETFs hit an all-time high of $705bn at end-2009, which topped the previous high of $665bn set in November 2009. On the other hand, European ETF assets hit an all-time high of $223bn at end- 2009, which is 3.1 per cent above the previous high of $217bn set in November 2009 and 39.7 per cent above the high of $160bn recorded in July 2008.

"At the end of December 2009, the European ETF industry had 821 ETFs with 2,359 listings and assets of $223.5bn, from 32 providers on 18 exchanges," said Fuhr.

 

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