ETPs gathered $22.4bn of new assets in May, says ETFGI

There is now over $2.5 trillion invested in exchange-traded products after May increase of $22.4 billion, according to ETFGI

ETP assets have reached new highs

Global exchange-traded products (ETPs) gathered $22.4 billion in net new assets in May, which, when combined with a small positive market performance for the month, pushed total assets to a record high of $2.55 trillion, according to preliminary data from consultancy ETFGI. At the end of May, the global ETP industry consisted of 5,283 ETPs and 10,293 listings from 219 providers listed on 59 exchanges. In April, iShares gathered the largest net ETP inflows with $9.7 billion, followed by Vanguard with $6.5 billion and Lyxor ETFs with $1.4 billion.

Amundi has launched the first multi-smart beta exchange-traded fund (ETF) on NYSE Euronext Paris. Based on the Scientific Beta Developed Multi-Beta Multi-Strategy ERC strategy index, the ETF carries a total expense ratio of 0.4% and is available in euro, sterling and US dollar share classes.

ETF Securities has launched a range of currency-basket exchange-traded products (ETPs) on the London Stock Exchange and plans to launch them on Deutsche Börse in July. The ETPs include four tactical currency baskets. Three are based on a Morgan Stanley index designed to provide a measure of US dollar, euro and sterling performance, respectively, against the G-10 currencies. The fourth, the ETF Securities Commodity Currency Basket, is based on a Morgan Stanley index designed to reflect the performance of currencies whose economies rely heavily on the export of commodity assets. The basket is comprised of the Australian dollar, the New Zealand dollar, the Norwegian krone and the Canadian dollar. The currency baskets are offered in both bullish and bearish versions.

Source has cut the management fee on the Source S&P 500 Ucits ETF to 0.05% as it nears $1 billion in assets under management. The fund returned 19.83% in the 12 months to May 31, outperforming the 19.69% return of the S&P 500 Total Return (Net) Index. The Source S&P 500 Ucits ETF is now one of the most aggressively priced ETFs delivering S&P 500 exposure, according to Source.