Section 2 - FTSE

More documents

Recommendations

Info

ETF Assets Equity Income Commodity Assets Total Assets Assets Assets Total # ETFs # ETPs 1993 $0.8 $2,000 $0.8 3 1994 1995 $1.1 $1,800 $2.3 $1.1 $2.3 3 4 1996 1997 $5.3 $1,600 $8.2 $5.3 $8.2 21 21 1998 $17.6 $1,400 $17.6 31 1999 2000 $39.6 $1,200 $74.3 $39.6 $74.3 $0.1 $1.98 $5.02 33 92 2 14 2001 2002 $104.8 $1,000 $141.6 $104.7 $137.5 $0.1 $4.0 $0.0 $0.1 $3.80 $4.00 202 280 17 17 2003 $212.0 $800 $205.9 $5.8 $0.3 $6.06 282 17 2004 $309.8 $286.3 $23.1 $0.5 $8.86 336 18 2005 $412.1 $600 $389.6 $21.3 $1.2 $15.6 461 23 2006 2007 $565.6 $400 $796.7 $526.5 $729.9 $35.8 $59.9 $3.4 $6.3 $28.1 $45.9 714 1171 70 134 Sep-08 $764.1 $200 $664.1 $90.8 $9.2 $58.3 1499 268 Oct-08 $643.0 $548.6 $87.0 $7.2 $46.2 1502 269 Nov-08 2009-F $633.8 $0 $1,000 $534.9 1993 1994 $90.0 1995 1996 $8.5 $48.2 1997 1998 1999 1,539 2000 2001 274 2002 2003 2004 2005 2006 2007 Sep-08 Oct-08 Nov-08 2009-F 2011-F 2011-F ETF Assets Total $2,000 $0.8 $1.1 $2.3 $5.3 $8.2 $17.6 $39.6 $74.3 $104.8 $141.6 $212.0 $309.8 $412.1 $565.6 $796.7 $764.1 $643.0 $633.8 $1,000 $2,000 ETF Commodity Assets $0.0 $0.1 $0.3 $0.5 $1.2 $3.4 $6.3 $9.2 $7.2 $8.5 ETF Fixed Income Assets $0.1 $0.1 $4.0 $5.8 $23.1 $21.3 $35.8 $59.9 $90.8 $87.0 $90.0 ETF Equity Assets $0.8 $1.1 $2.3 $5.3 $8.2 $17.6 $39.6 $74.3 $104.7 $137.5 $205.9 $286.3 $389.6 $526.5 $729.9 $664.1 $548.6 $534.9 ETP Assets Total $1.98 $5.02 $3.80 $4.00 $6.06 $8.86 $15.6 $28.1 $45.9 $58.3 $46.2 $48.2 Assets USD Billions $2,200 Worldwide ETF and ETP Growth # ETPs 2 14 17 17 17 18 23 70 134 268 269 274 # ETFs 3 3 4 21 21 31 33 92 202 280 282 336 461 714 1171 1499 1502 1,539 F T S E G L O B A L M A R K E T S • J A N U A R Y / F E B R U A R Y 2 0 0 9 Source: ETF Research & Implementation Strategy Team, Barclays Global Investors, Bloomberg. ETF Listings by Exchange as of End November 2008 # Primary ETF # Total ETF AUM 20 Day ADV Region Country Exchange Listings Listings (US$Bn) (US$Mn) Asia Pacific 154 194 53.07 849.81 Australia Australian Securities Exchange 4 20 0.99 12.72 China Shanghai Stock Exchange 3 3 1.02 183.98 Shenzhen Stock Exchange 2 2 1.19 22.78 Hong Kong Hong Kong Stock Exchange 11 23 12.66 275.42 India Bombay Stock Exchange 2 2 0.38 0.00 National Stock Exchange 9 9 0.74 2.47 Indonesia Jakarta Stock Exchange 1 1 0.00 0.00 Japan Osaka Securities Exchange 6 6 8.53 122.11 Tokyo Stock Exchange 55 57 16.13 94.41 Malaysia Bursa Malaysia Securities Berhad 3 3 0.28 0.01 New Zealand New Zealand Stock Exchange 6 6 0.26 0.13 Singapore Singapore Stock Exchange 5 22 0.81 8.09 South Korea Korea Stock Exchange 36 36 1.81 61.71 Taiwan Taiwan Stock Exchange 11 11 1.29 20.77 Thailand Stock Exchange of Thailand 2 2 0.06 0.70 Americas 760 888 564.31 124,009.46 Brazil Sao Paulo 1 1 0.71 1.91 Canada Toronto Stock Exchange 77 77 12.97 683.01 Mexico Mexican Stock Exchange 5 120 4.16 163.57 US NYSE Alternext US 5 5 82.33 450.59 BATS 0 0 0.00 14,882.18 Boston 0 0 0.00 0.00 CBOE 0 0 0.00 956.48 Chicago 0 0 0.00 2,866.31 Cincinnati 0 0 0.00 638.21 ISE 0 0 0.00 486.07 FINRA ADF 0 0 0.00 19,183.41 NASDAQ 46 46 15.20 45,199.90 NYSE 0 0 0.00 0.00 NYSE Arca 637 637 346.30 29,368.02 Philadelphia 0 0 0.00 0.00 EMEA (Europe, Middle East and Africa) 585 1,412 146.69 2,404.20 Austria Wiener Borse 1 21 0.03 0.76 Belgium Euronext Brussels 1 1 0.04 0.45 Finland Helsinki Stock Exchange 2 2 0.10 2.95 France Euronext Paris 159 296 34.68 349.24 Germany Deutsche Boerse 230 375 53.04 666.48 Greece Athens Exchange 1 1 0.07 0.18 Hungary Budapest Stock Exchange 1 1 0.01 0.20 Iceland Iceland Stock Exchange 1 1 0.00 0.00 Ireland Irish Stock Exchange 1 1 0.03 0.25 Italy Borsa Italiana 15 255 0.92 216.16 Netherlands Euronext Amsterdam 14 70 0.23 28.81 Norway Oslo Stock Exchange 6 6 0.25 63.34 Portugal Euronext Lisbon 1 1 0.00 0.00 Slovenia Ljubljana Stock Exchange 1 1 0.01 0.00 South Africa Johannesburg Stock Exchange 17 17 1.14 7.08 Spain Bolsa de Madrid 9 24 1.96 13.54 Sweden Stockholm Stock Exchange 7 7 1.28 106.40 Switzerland SIX Swiss Exchange 21 126 9.56 114.19 SWX Europe 0 19 0.00 6.86 Turkey Istanbul Stock Exchange 6 6 0.12 20.84 United Kingdom London Stock Exchange 118 260 22.51 175.94 Grand Total 1,539 2,580 633.79 117,458.62 Source: ETF Research & Implementation Strategy Team, Barclays Global Investors, Bloomberg. 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 89
EXCHANGE TRADED FUNDS: LISTING & DISTRIBUTION AS OF END Q3 2008 90 Global ETF Assets by Type of Exposure, as at end November 2008 Total AUM Region of Exposure # ETFS Listings (US$bn) % TOTAL North America - Equity 467 615 $311.58 49.2% Fixed Income - All (ex-Cash) 149 266 $79.35 12.5% Europe - Equity 328 669 $67.23 10.6% Emerging Markets - Equity 220 436 $61.83 9.8% Asia Pacific - Equity 128 204 $47.58 7.5% Global (ex-US) - Equity 58 61 $37.01 5.8% Fixed Income - Cash (Money Market) 14 24 $10.66 1.7% Global - Equity 96 197 $9.71 1.5% Commodities 48 77 $8.47 1.3% Mixed (Equity & Fixed Income) 25 25 $0.23 0.0% Currency 6 6 $0.17 0.0% Total 1,539 2,580 $633.83 100.0% Source: ETF Research & Implementation Strategy, Barclays Global Investors, Bloomberg Fixed Income - Cash (Money Market) 1.7% Top 25 ETF providers around the world ranked by AUM, as of end November 2008 Nov–08 Year to Date Change AUM % AUM % # % Change AUM Market Manager # ETFs (USD Bn) Total Planned # ETFs ETFs (USD Bn) % Share iShares 356 $288.44 45.5% 13 35 10.9% -$114.17 -28.4% -5.0% State Street Global Advisors 98 $129.18 20.4% 33 15 18.1% -$23.21 -15.2% 1.3% Vanguard 38 $40.23 6.3% 0 1 2.7% -$1.74 -4.1% 1.1% Lyxor Asset Management 113 $29.97 4.7% 2 26 29.9% -$2.10 -6.5% 0.7% PowerShares 142 $21.42 3.4% 41 28 24.6% -$16.60 -43.7% -1.4% ProShares 64 $20.89 3.3% 90 6 10.3% $11.19 115.4% 2.1% db x-trackers 99 $20.04 3.2% 0 48 94.1% $9.22 85.2% 1.8% Nomura Asset Management 29 $13.40 2.1% 0 22 314.3% -$4.04 -23.2% -0.1% Bank of New York 1 $5.90 0.9% 0 0 0.0% -$4.25 -41.8% -0.3% Nikko Asset Management 8 $5.55 0.9% 0 6 300.0% -$3.53 -38.9% -0.3% Daiwa Asset Management 23 $5.45 0.9% 1 18 360.0% -$2.18 -28.6% -0.1% Credit Suisse Asset Management 8 $5.31 0.8% 0 0 0.0% $0.34 6.8% 0.2% AXA IM/BNP AM 53 $4.06 0.6% 8 23 76.7% -$2.63 -39.3% -0.2% Van Eck Associates Corp 16 $3.76 0.6% 13 8 100.0% $0.27 7.7% 0.2% Nacional Financiera 1 $3.38 0.5% 0 0 0.0% -$0.36 -9.7% 0.1% Zurich Cantonal Bank 4 $2.97 0.5% 0 0 0.0% $1.93 184.5% 0.3% WisdomTree Investments 42 $2.79 0.4% 37 3 7.7% -$1.73 -38.2% -0.1% Hang Seng Investment Management 3 $2.69 0.4% 0 0 0.0% -$2.02 -42.9% -0.2% ETFlab Investment 10 $2.23 0.4% 0 10 100.0% $2.23 100.0% 0.4% BBVA Asset Management 8 $1.90 0.3% 0 1 14.3% $0.72 60.6% 0.2% Commerzbank 28 $1.85 0.3% 0 28 100.0% $1.85 100.0% 0.3% Rydex 31 $1.71 0.3% 82 8 34.8% -$0.94 -35.6% -0.1% XACT Fonder 11 $1.44 0.2% 0 2 22.2% -$1.07 -42.7% -0.1% Claymore Securities 54 $1.53 0.2% 10 4 8.0% -$0.93 -37.9% -0.1% UBS Global Asset Management 8 $1.27 0.2% 0 -1 -11.1% -$0.88 -40.9% -0.1% NOTES Asia Pacific - Equity 7.5% Emerging Markets - Equity 9.8% Global (ex-US) - Equity 5.8% Europe - Equity 10.6% Global - Equity 1.5% Commodities 1.3% Fixed Income - All (ex-Cash) 12.5% Mixed (Equity & Fixed Income) 0% Source: ETF Research & Implementation Strategy, Barclays Global Investors, Bloomberg At the end of November 2008 the ETFs industry had 1,539 ETFs with 2,580 listings, assets of $633.83 billion, managed by 86 managers on 42 exchanges around the world. Assets fell by 20.4%, which is less than the 43.80% fall in the MSCI World index in USD terms. The number of ETFs has increased 31% YTD. The average daily trading volume in US dollar has increased by 94% to US$117.5 billion YTD. In the first ten months of 2008 we have seen investors move assets into ETFs providing exposure to fixed income and commodity indices while the assets in ETFs tracking equity indices, especially global (ex US) and emerging market indices, have declined. European ETF AUM has decreased by 2.8% while the MSCI Europe Index is down 50.56% YTD. In Europe net sales of mutual funds (excluding ETFs) were minus $505.7 million while net sales of ETFs domiciled in Europe were positive $61.6 million during the first 10 months of 2008 according to Lipper Feri. Important Information Source: ETF Research & Implementation Strategy Team, Barclays Global Investors, Various ETF Managers, Bloomberg. Please contact Deborah Fuhr on +44 20 7668 4276 or email Deborah.Fuhr@barclaysglobal.com if you have any questions or comments. This communication is being made available to persons who are investment professionals as that term is defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion Order) 2005 or its equivalent under any other applicable law or regulation in the relevant jurisdiction. It is directed at persons who have professional experience in matters relating to investments. These materials are not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to local law or regulation. Although Barclays Global Investors Limited (“BGIL”) endeavours to update and ensure the accuracy of the content of this document, BGIL does not warrant or guarantee its accuracy or correctness. Despite the exercise of all due care, some information in this document may have changed since publication. Investors should obtain and read the ETF prospectuses from ETF managers and confirm any relevant information with ETF managers before investing. Neither BGIL, nor any affiliate, nor any of their respective officers, directors, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this publication or its contents. © 2008 Barclays Global Investors. All rights reserved. Currency 0% North Americas - Equity 49.2% J A N U A R Y / F E B R U A R Y 2 0 0 9 • F T S E G L O B A L M A R K E T S
Page 1 and 2: FUND ADMINISTRATION: GOING WITH THE
Page 3 and 4: FUND ADMINISTRATION: GOING WITH THE
Page 5 and 6: ASIAN INVESTOR SERVICES: CUSTODY SO
Page 7 and 8: ASIAN INVESTOR SERVICES: CUSTODY SO
Page 9 and 10: CORPORATE PROFILE: MANPOWER BUILDS
Page 11 and 12: CORPORATE PROFILE: MANPOWER BUILDS
Page 13 and 14: Jim wondered if there was an easier
Page 15 and 16: CORPORATE PROFILE: AIG 66 a handsom
Page 17 and 18: GOLD: SET FOR A REBOUND? 68 GOLD GE
Page 19 and 20: GOLD: SET FOR A REBOUND? 70 One pos
Page 21 and 22: COVERED BONDS: THE US OUTLOOK 72 Be
Page 23 and 24: 74 Talking Point THE OUTLOOK FOR EU
Page 25 and 26: COVERED BONDS - VIRTUAL ROUNDTABLE
Page 27 and 28: COVERED BONDS - VIRTUAL ROUNDTABLE
Page 29 and 30: THE EXPANDING WORLD OF ETFS 80 The
Page 31 and 32: ETCs GAIN AS COMMODITIES REMAIN POP
Page 33 and 34: REAL ESTATE REPORT: THE IMPACT ON L
Page 35 and 36: EUROPEAN TRADING STATISTICS 86 THE
Page 37: EXCHANGE TRADED FUNDS: LISTING & DI
Page 41 and 42: MARKET DATA BY FTSE RESEARCH 92 Glo
Page 43 and 44: MARKET DATA BY FTSE RESEARCH 94 Eur
Page 45 and 46: CALENDAR 96 Index Reviews Jan - Apr
Page 47: MAYBE I SHOULD TALK TO THE LEADER I

Section 2 - FTSE

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?