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BlackRock outlines ETF industry highlights

The global ETF industry has crossed the $1trn assets level, figures suggest.

By Jonathan Boyd, Editor in Chief
Friday May 14, 2010

BlackRock has published figures suggesting the global ETF industry has £1.1trn of assets from 122 providers on 42 exchanges around the world as of the end of April 2010.

The European ETF sector consisted of 932 ETFs with more than $234bn of assets managed by 36 providers on 18 exchanges. Net new assets into European exchange traded products hit $14.3bn in the first four months of the year, with $3.3bn of this directed to emerging market equities.

Across the region fixed income drew in a net £3.2bn, and commodities $2.5bn in net new assets over the period.

Of the European domiciled ETFs, those from Lyxor Asset Management received the largest inflows, valued at $2.9bn in net new assets. db x-trackers attracted $2.1bn, with Credit Suisse Asset Management attracting $1.6bn.

The US market still dominates, however, with some $764bn managed across two exchanges.

Looking ahead, BlackRock's report into the industry suggests ETFs could get a boost from the retail distribution review (RDR) in the UK.

"There is no requirement for platforms to extend their service model to be able to trade listed instruments such as ETFs, but with the increasing adoption of ETFs by advisers, many platforms are already reviewing and building the functionality to provide wider securities access." the report states.

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