NEW YORK--(BUSINESS WIRE)--
The size of the global Exchange Traded Products (ETP) industry has now
surpassed the milestone figure of $2 trillion, according to the ETP
Research team at BlackRock, Inc. (NYSE: BLK).
The ETP market had a record-breaking year for flows in 2012, attracting
$262.7bn in assets globally and growing by 27% compared with the end of
2011. This momentum has carried into January and the industry reached $2
trillion in assets under management on 18 January 2013.
Increased investment in ETPs is being seen in all major regions, as a
broad spectrum of institutional, professional and retail investors are
using the products to access asset classes in a cost-efficient and
effective way, whatever the market conditions. At an asset class level,
fixed income ETPs and emerging market equity ETPs set new records for
their categories in 2012, recording net inflows of $70.0bn and $54.8bn
respectively.
Dodd Kittsley, Global Head of ETP Research for BlackRock, commented
“This is an important and notable milestone for the ETP industry. Hot on
the heels of an impressive 2012, the market has continued to grow in the
early months of 2013, and we expect this to continue during the rest of
this year.
“The dynamics of the ETP market are changing and developing. As ETPs
become better known and understood in different regions and amongst
different types of investors, uptake is fast increasing. Added to this,
ETP providers are expanding and deepening their coverage of different
assets classes and regions, allowing investors to put ETPs to use in new
ways and employ them to access areas where they couldn’t before, such as
emerging market debt. ETPs were once thought of as primarily
equity-based funds for institutional investors, and today’s milestone
proves this is certainly no longer the case.
“It took the ETP industry 19 years to surpass $1trn in assets under
management, which it did in 2009, and only a further 4 years to double
this. We look forward to reaching and surpassing the next milestone, as
more investors come to experience the variety of ways they can use ETPs
to invest in the markets.”
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About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
December 31, 2012, BlackRock’s AUM was $3.792 trillion. BlackRock offers
products that span the risk spectrum to meet clients’ needs, including
active, enhanced and index strategies across markets and asset classes.
Products are offered in a variety of structures including separate
accounts, mutual funds, iShares® (exchange traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base of
institutional investors through BlackRock Solutions®. Headquartered in
New York City, as of December 31, 2012, the firm has approximately
10,500 employees in 30 countries and a major presence in key global
markets, including North and South America, Europe, Asia, Australia and
the Middle East and Africa. For additional information, please visit the
Company's website at www.blackrock.com.
About iShares
iShares is the global product leader in exchange traded funds with over
600 funds globally across equities, fixed income and commodities, which
trade on 20 exchanges worldwide. The iShares Funds are bought and sold
like common stocks on securities exchanges. The iShares Funds are
attractive to many individual and institutional investors and financial
intermediaries because of their relative low cost, tax efficiency and
trading flexibility. Investors can purchase and sell shares through any
brokerage firm, financial advisor, or online broker, and hold the funds
in any type of brokerage account. The iShares customer base consists of
the institutional segment of pension plans and fund managers, as well as
the retail segment of financial advisors and high net worth individuals.
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is authorised and regulated by the Financial Services Authority ('FSA').
iShares® and BlackRock® are registered trademarks of BlackRock, Inc., or
its subsidiaries in the United States and elsewhere.
© 2013 BlackRock Advisors (UK) Limited. Registered Company No. 00796793.
All rights reserved. Calls may be monitored or recorded.
This document is solely for informational and educational purposes only
and represents an assessment of the market environment at a specific
time and is not intended to be relied upon by the reader as research, a
forecast of future events or a guarantee of future results. This is not
a recommendation, offer or solicitation to buy or sell any securities or
to adopt any strategy in any jurisdiction.
iS-9003-0113
BlackRock
Melissa Garville, 212-810-5528
Melissa.Garville@blackrock.com
or
Diane
Henry, 415-670-4567
Diane.Henry@blackrock.com
Source: BlackRock, Inc.