The world’s market for exchange-traded funds and exchange-traded products is continuing to gather speed, new figures show.

Exchange-traded funds and products listed globally hit a record $3.408 trillion in assets at the end of the third quarter of 2016, according to data from ETFGI.

The US accounted for the lion’s share with $2.416 trillion, while Europe made up $566.74 billion.

Assets invested in ETFs/ETPs listed in Asia-Pacific (excluding Japan) also hit a new high, totalling $132 billion at the end of September. The region had 929 ETFs/ETPs, with 1,077 listings from 114 providers on 18 exchanges across 14 countries.

Last month, the ETF/ETP industry suffered net outflows of $124 million. Equity ETFs/ETPs saw the highest outflows at $391 million, followed by commodity ETFs/ETPs with outflows of $10 million. 

Meanwhile, fixed income ETFs/ETPs attracted $115 million, the largest net inflows. Year-to-date through the end of September 2016, ETFs/ETPs generated net inflows of $6.46 billion. Fixed income ETFs/ETPs gathered net inflows of $2.82 billion, followed by commodity ETFs/ETPs with $941 million. 

Amid continued market uncertainty, equity ETFs/ETPs experienced net outflows year-to-date of $857 million.

As for market players, SPDR ETFs is the largest ETF/ETP provider in terms of assets with $19 billion, giving it 14.2 per cent market share. Next is HSBC/Hang Seng with $12 billion and 9.4 per cent market share, followed by CSOP/China Southern with $11 billion and 8.6 per cent market share. The top three ETF/ETP providers, out of 114, account for almost a third of Asia-Pacific (ex-Japan) ETF/ETP assets. 

SPDR ETFs gathered the largest net ETF/ETP inflows in September with $293 million, followed by Vanguard with $223 million and Mirae Horizons with $139 million.