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. 
 
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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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