ETFGI reports that US-listed ETFs and ETPs suffered US$2.96 Bn US dollars net outflows during March 2018, the second consecutive monthly outflows in 2018 

LONDON — April 17, 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$2.96 Bn net outflows during March 2018, the second consecutive monthly outflows in 2018 and the largest monthly amount since February 2018, when net outflows were US$10.60 Bn. Year-to-date net inflows reached US$65.22 Bn at the end of March which is significantly less than the US$133.62 compare to this point last year. (All dollar values in USD unless otherwise noted.) 

Highlights 

  • US-listed ETFs/ETPs suffered $2.96 Bn net outflows during March 2018, the largest since February 2018, which saw $10.60 Bn in net outflows 
  • March 2018 marked the 2nd consecutive month of net outflows into ETFs/ETPs listed in the US
  • Due to market moves assets invested in ETFs/ETPs listed in the US decreased by 1.58%, or $55.28 Bn, during March, to $3.441 Tn  

According to ETFGI’s March 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 $55.28 Bn during March 2018. The decrease of 1.58%, from $3.496 Tn at the end of February 2018 to $3.441 Tn at the end of March, also represents the worst monthly growth in assets since February 2018, which saw a monthly decrease of 3.99% from $3.642 Tn to $3.496 Tn. 

US ETF and ETP asset growth as at the end of March 2018 

At the end of March 2018, the US ETF industry had 1,873 ETFs, assets of $3.349 Tn, from 119 providers on 3 exchanges. At the end of March 2018, the US ETF/ETP industry had 2,180 ETFs/ETPs, assets of $3.441 Tn, from 138 providers on 3 exchanges.

March 2018 marked the 2nd consecutive month of net outflows from ETFs/ETPs listed in the US, which saw $2.96 Bn in net outflows. At this point last year, year-to-date net inflows were 51.19% higher, with $133.62 Bn gathered during the first three months of 2017. 

The majority of these flows can be attributed to the top 20 ETFs by net outflows, which collectively have suffered $51.78 Bn during 2018. The SPDR S&P 500 ETF Trust (SPY US) on its own accounted for net outflows of $14.50 Bn. 
 
Top 20 ETFs by net YTD net outflows: US 

Similarly, the top 10 ETPs by net outflows have collectively experienced $5.07 Bn during 2018. 

Top 10 ETPs by YTD net outflows: US 

Equity ETFs/ETPs listed in the US suffered net outflows of $8.33 Bn during March, bringing net inflows for 2018 to $43.58 Bn, which is less than the $96.39 Bn in net inflows at this point last year. Fixed income ETFs and ETPs gathered net inflows of $4.05 Bn, growing net inflows for 2018 to $12.62 Bn, which is less than the $32.32 Bn in net inflows at this point last year. 

During March investors chose to move from US Equity ETFs to Fixed Income and Commodities products. 

Please contact us at deborah.fuhr@etfgi.com if you would like further information on our services. 

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Attribution Policy
The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI is a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com.
 
About ETFGI 
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About Deborah Fuhr 
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
 
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.
ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.
 
Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 Asia Pacific (ex-Japan)an Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.
 
Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 3,600 members in chapters around the world.
 
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