S&P Dow Jones Indices 15th Annual Japan ETF Conference

Acceleration of Global ETF Market Expansion and its
Growth Drivers
Peter H. Loehnert Managing Director, APAC Head for ETF and Index Investments business (EII), BlackRock
Dohei Echizenya Director, Head of ETF Business, ETF Business Group, BlackRock Japan
April 4th, 2023
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We expect industry ETF AUM to reach $15 trillion by 2025

$9.5
2023
Sources: Bloomberg for ETF industry AUM.
1. 2025 scenario calculations based on proprietary BlackRock estimates, as of March 31, 2021. AUM for 2023 is as of Feb 28.
This presentation is developed for S&P Dow Jones Indices 15th Annual Japan ETF Conference. For institutional investors / financial intermediaries only. Not for public distribution - proprietary
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Generational shifts are propelling ETF growth

Optimization: Index AND Active builds apetter portfolio

Note: For illustrative purposes onlyThis presentation is developed for S&P Dow Jones Indices 15th Annual Japan ETF Conference. For institutional investors / financial intermediaries only. Not for public distribution - proprietary
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and confidentialGlobal sustainable ETFs: AUM and Flows
Sustainable ETF market has expanded to $380 billion, amounting to 4% of the total global ETF AuM
Global sustainable ETF assets

Global sustainable ETF flows (net)(USD Billion)(USD Billion)

500

5%

4004%

300

3%

2002%

1001%00%
2018

2019

2020

サステナブルETF残高
Sustainable
ETF assets

2021

2022 2023YTD

Percentage
of sustainable assets
全ETFに占める残高の割合

20016%

150

12%

1008%

504%00%
2018

2019

2020

2021

Sustainable
ETF flows
サステナブルETF資金流入額

2022

2023YTD

Percentageof sustainable flows
全ETFに占める資金流入額の割合

Source: BlackRock. Sustainable ETFs are based on 1,554 ETFs classified as sustainable categories by BlackRock. Data as of February, 2023.
This presentation is developed for S&P Dow Jones Indices 15th Annual Japan ETF Conference. For institutional investors / financial intermediaries only. Not for public distribution
MKTGH0323A/S-2810961-4/74- proprietary and confidentialGlobal sustainable ETFs: Flows by Regions
Sustainable ETF flows are on the rise in Europe, accounting for 60% of total flows in 2022
Flows of UCITS ETFs

Flows of US domiciled ETFs
(USD Billion)(USD Billion)

1,000

200
ESG・サステナブルETF
Sustainable
ETFs

ESG・サステナブルETF
Sustainable
ETFs

NonETFs
Non-Sustainable
ESG・サステナブルETF

Non-Sustainable
ESG・サステナブルETF
NonETFs

800
150
600
100
400
5020000
2018

2019

2020

2021

2022

2023YTD

2018

2019

2020

2021

2022

2023YTD

Source: BlackRock. Sustainable ETFs are based on 1,554 ETFs classified as sustainable categories by BlackRock. Data as of February, 2023.
This presentation is developed for S&P Dow Jones Indices 15th Annual Japan ETF Conference. For institutional investors / financial intermediaries only. Not for public distribution - proprietary
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and confidential

iShares sustainable ETFs
iShares sustainable ETF AUM &YoY Number of Products Listed (RHS)($ Billion)(Products)

180

iShares Sustainable ETFs
market share (AuM, global base)

70

160

60

140
50

120
100

40

80

30

60iShares
40%

2040
1020002014

2016

2017

AuM

2018

2019

2020

2021

2022 2023-Feb# of products launched (RHS)

Source: BlackRock ETP Landscape (February 2023). Sustainable ETFs are based on 1,554 ETFs classified as sustainable categories by BlackRock. ETF AuM and number of products are based on global
base as of February 2023.
This presentation is developed for S&P Dow Jones Indices 15th Annual Japan ETF Conference. For institutional investors / financial intermediaries only. Not for public distribution - proprietary
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Disclaimer

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changes to our personnel, structure, policies, process, objectives or, without limitation, any other matter contained in this document.

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