ETFGI reports that ETFs and ETPs listed in the US gathered $31.58 Bn US dollars in net inflows during May 2018

LONDON — June 25, 2018 —  ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the US gathered US$31.58 Bn net inflows during May 2018.

Year-to-date net inflows into US listed ETFs/ETPs reached US$124.80 Bn at the end of May which is significantly less than the US$200.81 Bn compared to this point last year. (All dollar values in USD unless otherwise noted.) 

Highlights 

  • ETFs and ETPs listed in the US gathered $31.58 Bn net inflows during May 2018 after suffering net outflows in the second and third month of the year
  • US-listed Equity ETFs/ETPs gathered $23.90 Bn net inflows during May 2018, followed by Fixed Income with $5.67 Bn and Active ETFs/ETPs with $2.43 Bn
  • In May 2018, 13 new ETFs/ETPs were launched by 11 providers while 3 ETFs/ETPs were closed compared to 59 in April 2018

At the end of May 2018, the US ETF industry had 1,889 ETFs, assets of $3.462 Tn, from 120 providers on 3 exchanges. At the end of May 2018, the US ETF/ETP industry had 2,146 ETFs/ETPs, assets of $3.553 Tn, from 139 providers on 3 exchanges.

Overall the assets invested in ETFs/ETPs listed in the US increased by 2.12% during May 2018. The increase of 2.12%, from $3.480 Tn at the end of April 2018 to $3.553 Tn at the end of May, also represents the highest monthly growth in assets since January 2018, which saw a monthly increase of 6.38% from $3.423 Tn to $3.642 Tn. 

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

May 2018 marked the 2nd consecutive month of net inflows in ETFs/ETPs listed in the US, which saw $31.58 Bn in net inflows. At this point last year, year-to-date net inflows were 37.85% higher, with $200.81 Bn gathered during the first five months of 2017.

The majority of these flows can be attributed to the top 20 ETFs by net inflows, which collectively have gathered $83.53 Bn during 2018.

The iShares Core MSCI EAFE ETF (IEFA US) on its own accounted for net inflows of $17.14 Bn.

 Top 20 ETFs by net YTD net inflows: US

Name  Ticker  Assets  
(US$ Mn)  
 May-18 
ADV  
(US$ Mn)  
May-18 
NNA  
(US$ Mn)  
YTD 2018 
iShares Core MSCI EAFE ETF IEFA US 58,374 370.0 17,137
iShares Core S&P 500 ETF IVV US 149,515 833.3 8,100
iShares Core MSCI Emerging Markets ETF IEMG US 49,240 633.3 7,971
iShares Short Treasury Bond ETF SHV US 14,196 161.9 6,165
Vanguard S&P 500 ETF VOO US 90,345 519.1 5,247
Vanguard FTSE Developed Markets ETF VEA US 71,760 330.0 4,535
iShares Core U.S. Aggregate Bond ETF AGG US 55,512 314.3 3,798
PowerShares QQQ QQQ US 66,189 5,476.2 3,195
iShares Edge MSCI USA Momentum Factor ETF MTUM US 8,999 115.5 3,168
iShares Floating Rate Bond ETF FLOT US 9,718 110.5 3,100
Vanguard Total Stock Market ETF VTI US 95,797 237.6 2,937
iShares 1-3 Year Treasury Bond ETF SHY US 13,941 188.6 2,661
iShares Core S&P Small-Cap ETF IJR US 41,265 251.0 2,324
Schwab International Equity ETF SCHF US 15,497 68.1 2,244
Vanguard Total International Bond ETF BNDX US 11,583 90.0 2,213
iShares Russell 2000 ETF IWM US 46,980 2,976.2 2,018
Schwab US TIPS ETF SCHP US 4,793 75.2 1,932
iShares Core MSCI Total International Stock ETF IXUS US 9,944 28.7 1,752
First Trust Dow Jones Internet Index Fund FDN US 8,314 70.0 1,518
iShares Core S&P Mid-Cap ETF IJH US 46,845 204.3 1,515

Similarly, the top 10 ETPs by net inflows collectively gathered $7.62 Bn during 2018. 
   
Top 10 ETPs by YTD net inflows: US

Name  Ticker  Assets  
(US$ Mn)  
 May-18 
ADV  
(US$ Mn)  
May-18 
NNA  
(US$ Mn)  
YTD 2018 
iShares Gold Trust IAU US 12,003 178.1 1,845
Barclays ETN+ FI Enhanced Global High Yield ETN Series B FIYY US 1,489 1.3 1,308
ProShares Short VIX Short-Term Futures SVXY US 582 122.4 1,238
PowerShares DB Commodity Index Tracking Fund DBC US 3,285 45.0 801
VelocityShares Daily Inverse VIX Short Term ETN XIV US - - 654
Barclays ETN+ FI Enhanced Europe 50 ETN Series C FFEU US 470 2.1 479
SPDR Gold Shares GLD US 34,507 804.8 456
Credit Suisse FI Enhanced Europe 50 ETNs FEUL US 287 (27.5) 310
VelocityShares Daily 2x VIX Short Term ETN TVIX US 523 253.3 297
iPath Bloomberg Commodity Index Total Return ETN DJP US 1,207 5.3 231

 

Equity ETFs/ETPs listed in the US saw net inflows of $23.90 Bn during May, bringing net inflows for 2018 to $77.61 Bn, which is less than the $140.25 Bn in net inflows at this point last year.

Fixed income ETFs and ETPs gathered net inflows of $5.67 Bn, growing net inflows for 2018 to $32.03 Bn, which is less than the $51.05 Bn in net inflows at this point last year. 

During May investors chose to move from Commodities ETFs to Equity products.

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

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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 European 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 4,100 members in chapters around the world. 
 
Contact: 
Deborah Fuhr 
Managing Partner 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
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