It's Detlef!
'Yippee!'
Yeah, let's do this!
'Where's Detlef?!'
Be patient, Voice. We've got this first -
Review of the Global ETF Market, November 2023
Key findings:
The global ETF industry enjoyed overall inflows (+€127.7 bn) for November.
ETFs domiciled in the U.S. enjoyed the highest inflows (+€100.4 bn) for the month, followed by ETFs domiciled in Ireland (+€17.1 bn) and Korea (+€4.2 bn).
Equity ETFs (+€81.2 bn) enjoyed the highest estimated net inflows for the month, followed by bond ETFs (+€40.3 bn) and “other” ETFs (+€3.4 bn).
The best-selling Lipper global classification for November was Equity US (+€56.0 bn), followed by Bond USD High Yield (+€11.1 bn) and Bond USD Medium Term (+€7.4 bn).
BlackRock was the best-selling ETF promoter globally for November (+€43.4 bn). It was followed by Vanguard (+€25.6 bn) and State Street Global Advisors (+€20.5 bn).
Okay.
'Where's Detlef, boss?'
Here he is -
No.
Er ... Detlef?
'Where is he?'
Shut up, Voice! I'm looking at the email, and ... oh no!
'What?'
Oh no.
'What?!'
Normally, Detlef speaks to us after the summary, yeah? The key findings and that.
'But?'
Well, there's just a ... there's just a PDF now ... which Lucky has been working on.
'Written by Detlef?'
Yeah, Detlef wrote the report, but ... Lucky put the report into a PDF for him.
'Oh. / So, is Lucky working for LSEG Lipper then?'
Lucky is freelance. He will work for anyone who's stupid or crazy enough to hire him.
'Oh.'
Yeah. I thought Detlef was ... never mind.
More sensible than that.
Let's do this.
Lucky? Come on, son.
Global ETF industry review November 2023 8 assets under management by region ETFs domiciled in North America $7 961 8 bn held the highest assets under management in the global ETF industry at the end of November 2023 they were followed! by ETFs domiciled in Europe $1 707 4 bn ETFs domiciled in the Asia Pacific region $951 7 bn ETFs domiciled in middle and South America $17 1 bn and ETFs domiciled in Africa $7 5 bn graph 4 assets! under management in the global ETF industry by region November 30 2023 in mn USD source LSEG Lipper in more detail! the U S was the largest single country ETF domicile $7 669 5 bn at the end of November 2023 followed by Ireland $1 185 2 bn Japan $510 3 bn Luxembourg $328 4 bn and Canada $292 3 bn these five ETF domiciles account for assets under management of $9 985 7 bn or 93 80% of the overall assets under management in the global ETF industry global ETF industry review November 2023 9 assets under management by Lipper global classification equity U S held by far the highest assets under management $3 481 3 bn of the 276 Lipper global classifications covered in this report it was followed! by equity U S small & mid Cap $661 9 bn equity global ex U S $620 3 bn equity Japan $538 3 bn and bond USD medium term $366 7 bn graph 5 the 20 largest Lipper global classifications by assets under management November 30 2023 in mn USD source LSEG Lipper a closer! review of the assets under management by Lipper global classification shows that the 10 largest classifications held $7 182 1 bn or 67 47% of the overall assets under management of the global ETF industry while the largest 20 classifications account for $8 470 4 bn or 79 57% of the overall assets under management at the end of November 2023 -
Okay, Lucky -
global ETF industry review November 2023 10 global ETF industry review November 2023 13 Global ETF flows by region! by reviewing the estimated flows in the global ETF industry by fund domicile and the respective regions one needs to bear in mind that some domiciles have specific advantages or disadvantages when it comes to ETF distribution the U S is for example a single market and can take profit from the size of the overall market while in Europe every market is or at least can be an ETF domicile which means that the local markets are much smaller that said the EU countries have established a fund regulation undertakings in collective investments and transferable securities or UCITS which enables the fund and ETF industry to cross list all products which are registered for sale in one EU country into another EU country since UCITS has become such a well recognized regulation standard for mutual funds and ETFs some countries in South and Middle America as well in Asia allow UCITS funds to be cross listed and sold to local investors it is fair to say that there is no other regulatory framework available that allows funds to be distributed in various countries other mutual recognition agreements such as those between Hong Kong and China or Hong Kong and Taiwan are only bilateral and have no global reach this means
'Has he finished?'
No. I've deleted the rest of the report.
'Why?'
Because he was going on forever. The whole report. Lucky never knows when to stop with his nonsense.
Detlef has screwed up. He should have never given him the job.
'Lucky is cheap, boss.'
Yeah, I know.
ENDS
ENDS
ENDS
