Global exchange-traded funds and exchange-traded products continued their asset gathering in Q1, led by equity products, with record global net inflows of $73.4 billion, according to ETFGI’s Global ETF and ETP industry insights report for Q1.
Equity ETFs and ETPs gathered the lion’s share of the inflows with $62.5 billion, followed by fixed income products with $8.4 billion and leveraged inverse products $3.5 billion. Commodity ETFs and ETPs did not fare so well with outflows of $7.9 billion in Q1.
Products tracking precious metals experienced the largest net outflows with $2.1 billion, followed by energy with $363 million, and agriculture with $273 million. Broader commodity products fared better with net inflows $211 million.
Deborah Fuhr, Managing Partner at ETFGI, attributes the growth to institutional investors. “The increasing number of institutional investors globally using ETFs and ETPs is an important factor driving the growth in net new asset flows as well as the growth in total assets under management,” she said, in a statement.
Market share is still concentrated among the large players: iShares clocks in at number one with assets of $809 billion and a market share of 38.7%; SPDRs is second with $365 billion and 17.5 percent market share and then Vanguard rounds out the top three with assets of $279 billion and 13.3% market share.
The top three providers account for 69.5% of the global market share with the remaining 206 providers each have less than 4% market share.