Worldwide ETF assets are on track to exceed $2 trillion in 2011, according to a new report by Morgan Stanley. Assets invested in ETFs grew by 31.8% to $745.4 billion globally in the nine months ended Sept. 30, with more than 2,200 institutional investors having used one or more of the funds.
ETF assets in the U.S. jumped 30.4% to $530.5 billion for the nine months ended Sept. 30. European ETF assets swelled by 40.4% to $125.9 billion during the same period, with France and Germany dominating with 37% and 33%, respectively, of the market share. U.K. ETFs held a total of $22.2 billion in assets, a 54.6% increase in the first nine months of 2007. Japanese ETF assets increased 8.8% of the nine months to $37.7 billion, according to the report.
BGI remains the runaway leader in ETFs with 51.3% of the market share, down slightly from its 54.1% market share at the year-end 2006. SSgA ranks second with 17.3% of the market share, and Lyxor Asset Management an asset management subsidiary of Societe Generale is third with 5.1% of the market share.