ETF assets up 40 per cent in 12 months
Global exchange traded fund (ETF) holdings have jumped 40 per cent in the past 12 months, according to data from BlackRock.
At the end of the first half of this year the global ETF industry had total assets of US$1,442.7 billion across 2,825 ETF products from 146 providers on 49 exchanges.
This was up from US$1,025.9 billion at the mid point of 2010, when there were 2,252 products from 130 providers on 42 exchanges, BlackRock stated.
Exchange traded products (ETPs) were also up almost 40 per cent, growing from US$132.6 billion to US$ 183.4 billion, with the number of ETPs increasing from 823 to 1,162 while providers were up from 47 to 57.
BlackRock's iShares was by far the biggest provider globally, with a 43 per cent market share consisting of US$620 billion of ETF assets in 474 products. State Street Global Advisors was the second largest provider with $204 billion in 137 products and Vanguard had US$175 billion in 69 products.
The vast majority of ETF assets are domiciled in the US, which accounts for just under US$1 trillion of global assets. The next biggest ETF markets are Germany and the UK with US$124 billion and US$76 billion respectively. Australia accounts for just US$3.9 billion of global assets, according to BlackRock.
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