BlackRock: pörssinoteeratut sijoitustuotteet "villissä kasvussa"

Maailman suurimman varainhoitajan BlackRockin iShares-yksikön johtaja Mark Wiedman ennustaa eurooppalaisten pörssinoteerattujen sijoitussuotteiden (ETP, Exchange Traded Product) markkinan kasvavan yli 900 miljardin dollarin vuoden 2017 loppuun mennessä.

“Meno on ollut villiä. Euroopassa ETP-tuotteissa olevat varat nousivat uuteen ennätykseen ‒ 387 miljardiin dollariin ‒ vuoden alussa. Ennustamme Euroopan ETP-luokan yli kaksinkertaistuvan seuraavan viiden vuoden aikana yli 900 miljardiin dollariin. Globaalisti ETP:t ovat kasvaneet hurjasti viime vuosina: vuoden 2009 alun 700 miljardista dollarista yli 2 biljoonan dollarin rajan tammikuussa 2013."

"Verrattuna muihin sijoitusinstrumentteihin, ETP:illä on vielä erittäin paljon varaa kasvuun jopa Euroopan ja Yhdysvaltain kaltaisilla kypsillä markkinoilla."

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The ETP industry’s on a ‘wild ride’ of growth in Europe, says iShares global head

• European ETP assets to exceed $900bn by 2017
• Trading fixed income ETPs on exchange can now be cheaper than trading underlying bonds
• RDR will be a key driver to increase retail adoption of ETPs in fee based accounts
• Greater use of wraps will encourage retail investor uptake

25 April 2013, London – Mark Wiedman, the Global Head of iShares, BlackRock’s (NYSE: BLK) exchange traded funds (ETF) platform, today predicted that the European ETP (exchange traded product) sector will exceed $900 billion in size by the end of 2017, as the use of ETPs spreads further across the continent and into new investor segments.

Wiedman remarked: “It’s been a wild ride so far. In Europe, assets held in ETPs hit a new high of $387 billion at the start of this year*. We’re predicting the European ETP category will more than double over the next five years to over $900bn. Globally, ETPs have had a huge run over the last few years, going from $700bn in assets globally at the start of 2009 to crossing the $2 trillion milestone in January 2013.”

iShares sees five significant trends driving the growth of European ETPs.

1. Changing distribution dynamics: Changes in the way financial products are distributed are accelerating the uptake of ETPs by retail investors. European financial advisers are increasingly adopting a fee-based advisory model, which tends to favour low-cost and efficient products such as ETPs. This change has been driven by regulation in the UK, Netherlands and Switzerland and by broader market forces in Germany and Italy.
2. Greater development and use of wraps: Providers are starting to create more asset allocation products and structured wraps based on ETPs. These enable financial advisers to access ETPs in the same way they access some mutual funds and make holding them much more convenient for European retail investors.
3. Increased use of ETPs by institutional clients: Institutional asset managers are using ETPs more and more to implement investment decisions in active, passive and blended portfolios. Recent analysis by iShares suggests that the amount of ETPs held by some of the largest global asset managers has recently increased by over 30% per year.
4. A revolution in fixed income products: Fixed income products have become deeply illiquid since 2007 and bid/ask spreads for fixed income trades have reached unprecedented levels, particularly for large orders. Trading fixed income ETPs on-exchange can now be cheaper than trading the underlying bonds. Fixed income ETPs are relatively new in Europe but interest is increasing and iShares believes this will continue as investor awareness grows.
5. Improvements to market infrastructure: Many initiatives are underway to improve market infrastructure, which will make the trading of ETPs more efficient and boost their attractiveness. These include efforts to connect liquidity across fragmented European trading venues, allowing access to best prices and improving the provision and transparency of ETP industry data.

Wiedman concluded: “The growth of the ETP industry has much further to go. Compared to the market size of other investment vehicles, in segments such as securities, mutual funds and derivatives, ETPs have huge headroom for growth, even in the more mature markets of Europe and the U.S. It’s a very exciting time for investors and providers alike.”

“The European ETP category has traditionally been considered as the ‘younger sibling’ to the US market, but not for much longer. European investors are starting to see ETPs as mainstream investment vehicles, particularly as some of the structural limitations that have traditionally made them less accessible to investors are being resolved.”

-----ENDS-----

*BlackRock ETP Landscape January 2013

For further information, please contact:

Caroline Hancock
44 (0) 207 743 2103
caroline.hancock@blackrock.com

Laura Batty
44 (0) 207 743 4140
laura.batty@blackrock.com

About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide.  At March 31, 2013, BlackRock’s AUM was $3.936 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 March 31, 2013, the firm has approximately 10,600 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.

BlackRock Advisors (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. having its registered office at 12 Throgmorton Avenue, London, EC2N 2DL, England, Tel +44 (0)20 7743 3000, has issued this document for access by Professional Clients only and no other person should rely upon the information contained within it. This document is intended for information purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy any BlackRock fund.

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