ETFGI reports that active ETFs and ETPs listed globally gathered net inflows of US$2.59 billion during June 2018
LONDON — July 31, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that active ETFs and ETPs listed globally gathered net new assets of US$2.59 billion during June 2018, the lowest monthly net inflow since December 2017. (All dollar values in USD unless otherwise noted.)
Highlights
- Active ETFs and ETPs listed globally gathered net new assets of $2.59 Bn during June 2018, the lowest net inflows gathered since December 2017.
- Fixed income products gathered the largest net inflows during June, while inverse ETFs/ETPs experienced the largest net outflows.
- Active ETF/ETP assets have increased by 2.04% during June to $92.0 Bn.
The S&P 500 was up 0.62% in June and 2.65% in the first half of 2018. International markets (developed ex US) and Emerging markets posted losses during June and during the first half of 2018, down 1.48% and 3.40% in June and 2.45% and 6.05% in the first half, respectively, driven by a strong dollar, trade concerns, and rising interest rates.
According to ETFGI’s June 2018 Global Active ETF and ETP industry insights report, an annual paid-for research subscription service, fixed income products gathered the largest net inflows during June with $1.54 Bn, while inverse ETFs/ETPs experienced the largest net outflows with $4.64 Mn.
Year-to-date through end of June, active ETFs/ETPs listed globally have seen net inflows of $17.9 Bn. Fixed income products gathered the largest net inflows year-to-date with $10.5 Bn, while currency ETFs/ETPs experienced the largest net outflows with $39.0 Mn.
Global active ETF/ETP asset growth as at end of June 2018
At the end of June 2018, the Global Active ETF/ETP industry had 514 ETFs/ETPs, with 627 listings, assets of $92.0 Bn, from 105 providers on 18 exchanges. Active ETF/ETP assets have increased by 2.04% from $90.1 Bn at the end of May, and by 21.0% year-to-date from $76.0 Bn at the end of 2017.
Investors have tended to invest in fixed income active ETFs during 2018, with the PIMCO Enhanced Short Maturity Strategy Fund (MINT US) and JPMorgan Ultra-Short Income ETF (JPST US) capturing flows of $1.37 Bn and $1.20 Bn, respectively. A high proportion of net inflows year-to-date can be attributed to the top 20 ETFs by net new assets, which collectively gathered $11.4 Bn.
Top 20 Global Active ETFs/ETPs by YTD net inflows
Name | Country listed | Ticker | Assets (US$ Mn) Jun-18 |
ADV (US$ Mn) Jun-18 |
NNA (US$ Mn) YTD 2018 |
PIMCO Enhanced Short Maturity Strategy Fund | USA | MINT US | 9,410 | 72.3 | 1,365 |
JPMorgan Ultra-Short Income ETF | USA | JPST US | 1,312 | 24.8 | 1,202 |
PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio | USA | PDBC US | 2,002 | 23.7 | 1,201 |
iShares Short Maturity Bond ETF | USA | NEAR US | 3,847 | 38.3 | 967 |
BMO Europe High Dividend Covered Call ETF | Canada | ZWP CN | 803 | 1.3 | 860 |
SPDR Blackstone/GSO Senior Loan ETF | USA | SRLN US | 3,189 | 34.7 | 840 |
First Trust Enhanced Short Maturity Fund | USA | FTSM US | 2,190 | 24.7 | 750 |
ARK Innovation ETF | USA | ARKK US | 1,076 | 21.0 | 591 |
First Trust Low Duration Mortgage Opportunities ETF | USA | LMBS US | 1,403 | 10.8 | 451 |
HSBC Economic Scale Worldwide Equity UCITS ETF | Germany | H41I GY | 420 | - | 438 |
iShares Commodities Select Strategy ETF | USA | COMT US | 729 | 3.8 | 398 |
First Trust Preferred Securities and Income Fund | USA | FPE US | 3,454 | 14.4 | 354 |
ARK Web x.O ETF | USA | ARKW US | 629 | 13.1 | 330 |
Janus Short Duration Income ETF | USA | VNLA US | 498 | 5.0 | 283 |
PIMCO Monthly Income Fund | Canada | PMIF CN | 469 | 2.3 | 275 |
Mirae Asset Tiger Money Market Active ETF | South Korea | 272580 KS | 420 | 0.1 | 244 |
Principal Exchange-Traded Funds-Investment Grade Corporate Active ETF | USA | IG US | 229 | 2.4 | 229 |
First Trust Senior Loan ETF | USA | FTSL US | 1,556 | 8.6 | 228 |
Vanguard Growth ETF Portfolio | Canada | VGRO CN | 215 | 2.7 | 216 |
iShares Interest Rate Hedged High Yield Bond ETF | USA | HYGH US | 331 | 2.2 | 210 |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
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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 4,200 members in chapters around the world. www.womeninetfs.com
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