February ETP launch review

Buyback, mining and oil & gas ETFs are highlights of February's launches

This report aggregatesnewlylaunchedfunds in February and reviews the performance of the fundslaunched in January.

• 45 funds were launched by 19 different providers in February
• 26 funds were launched in the Americas, with four added in both Europe and Japan
• 41 equity funds were added along with four fixed income ETFs

February new listings

ETF launch momentum continued in February after tapering off at the end of last year. February's launch tally beat January's 34 newly launched funds, with 45 launches; taking the total number of exchange traded products globally to 6107.

While the majority of ETFs launched in February are geographically focused on the US and Canada, there were also four ETFs with investment exposure in European markets as well as four focused on Japan.

11 broad market value classified funds were launched. There were also four oil and gas ETFs launched, five buyback strategy ETFs and five dividend strategy based ETFs. Pro Shares launched four mining ETFs, with three focused on gold miners and one geared towards junior miners.

January launch flows

Funds launched in January claimed $526m worth of inflows in February with European and Apac listed products claiming over 90% of new assets. European and Apac funds launched in January saw $72m and $106m in equity asset flows and $93m and $224m flowing into fixed income ETFs respectively.

The largest gainer in terms of fund inflows has been the fixed income CSOP CHINA ULTRA SHORT TERM BOND ETF, with $224m in inflows. The ETF represents 43% of global inflows into new funds launched in January and aims to provide returns that correspond to the performance of the Citi Chinese Government and Policy Bank Bond 0-1 Year Select Index.

The largest Apac equity inflows of $43m were received by the Daiwa ETF Japan Nikkei225 Double Inverse index which fluctuates twice the inverse of the daily performance of the Nikkei225.

Funds launched in the United States tallied $30.2m of asset inflows, with the flows of the JPMorgan Diversified Return Emerging Markets Equity ETF claiming half of the tally.

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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.