BlackRock, Inc. (NYSE: BLK) announced today that its iShares business led the global industry in 2012 by capturing $85.3bn
in new flows of the record-breaking $262.7bn
global Exchange Traded Products (ETP) market flows.
All regions contributed to iShares growth. The iShares U.S. product line led the way with a record $61.0bn of new assets in 2012, surpassing the previous record for U.S. iShares ETPs of $59.1bn in 2007. In Europe, the business captured 56% of all new money entering European ETPs, recording $18.3bn in net new flows. The iShares Canada business also had a strong year, with its assets under management (AUM) increasing to $42.0bn, as the broader Canadian market posted the second highest rate of growth in ETF assets of any region for 2012.
iShares global AUM reached $758.6bn
as of 31 December 2012.
ETPs are attracting a broader base of global investors than ever before, driven by regional regulatory developments, deepening ETP liquidity, and increasing awareness among both retail and institutional clients of the benefits of ETPs. These efficient tools can be used for strategic and tactical asset allocation, access to niche exposures and sectors, cash deployment, and risk management and hedging.
Mark Wiedman, Global Head of iShares
“iShares continues to be the go-to product for all types of investors -- from capital market participants looking for deep liquidity, to investors seeking specialized exposures, to a growing segment of the market using ETFs as buy and hold investment vehicles.”
“As a leading provider, iShares delivers global products in an endeavour to meet client needs globally. This year, for instance, Asian and Latin American investors bought more than $10 billion of U.S. and European-domiciled iShares, in addition to $2.0 billion in locally domiciled iShares.”
“Fixed income was a key driver of flows globally, as investors of all kinds increasingly adopt ETFs as an essential instrument for accessing the bond markets. iShares captured $28.8bn globally or 41% of all new flows into fixed income ETFs.”