ETFGI reports that US-listed ETFs and ETPs suffered 10.6 billion US dollars net outflows during February 2018, the first outflows since January 2016
LONDON — April 4, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that US-listed ETFs and ETPs suffered US$10.6 billion net outflows during February 2018, the first outflows since January 2016 and the largest monthly amount since January 2014, when net outflows were US$15.6 billion. Year-to-date net inflows reached US$68.2 billion at the end of February. (All dollar values in USD unless otherwise noted.)
Highlights
- US-listed ETFs/ETPs suffered $10.6 Bn net outflows during February 2018, the largest since January 2014, which saw $15.6 Bn in net outflows
- Equity ETFs/ETPs experienced $14.30 Bn net outflows, the largest since February 2016, with $15.2 Bn
- SPDR ETFs experienced outflows of $25.3 Bn, the first since January 2015, when $26.7 Bn net outflows were recorded
According to ETFGI’s February 2018 US ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in the US decreased by a record $145 Bn during February 2018. The decrease of 3.99%, from $3.64 Tn at the end of January 2018 to $3.50 Tn at the end of February, also represents the worst monthly growth in assets since January 2016, which saw a monthly decrease of 4.68% from $2.13 to $2.03 Tn.
US ETF and ETP asset growth as at the end of February 2018
February 2018 marked the first month of net outflows from ETFs/ETPs listed in the US since January 2016, which saw $468 Bn in net outflows. At this point last year, year-to-date net inflows were 23.6% higher, with $89.2 Bn gathered during the first two months of 2017.
The majority of these flows can be attributed to the top 20 ETFs by net outflows, which collectively have suffered $37.0 Bn during 2018. The iShares MSCI EAFE ETF (EFA US) on its own accounted for net outflows of $5.68 Bn.
Top 20 ETFs by net YTD net outflows: US
Similarly, the top 10 ETPs by net outflows collectively experienced $2.53 Bn during February 2018.
Top 10 ETPs by YTD net outflows: US
Equity ETFs/ETPs listed in the US suffered net outflows of $14.3 Bn during February, bringing net inflows for 2018 to $50.5 Bn, which is less than the $59.6 Bn in net inflows at this point last year. Fixed income ETFs and ETPs gathered net inflows of $930 Mn, growing net inflows for 2018 to $9.71 Bn, which is less than the $23.7 Bn in net inflows at this point last year.
During February investors chose to move from US Equity ETFs to Fixed Income and Commodities products.
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