ETFGI reports ETFs and ETPs listed globally gathered net inflows of US$8.69 billion during June 2018

LONDON - July 13, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed globally gathered US$8.69Bn in net inflows, the lowest monthly amount since January 2014 when the global ETF/ETP industry experienced net outflows of US$6.25Bn, according to ETFGI’s June 2018 Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)

Highlights

  • Net new assets gathered by ETFs/ETPs listed globally were $8.69Bn in June

  • 53rd month of consecutive net inflows into ETFs/ETPs listed globally

  • 442 new ETFs/ETPs have been listed in the first half of 2018, which is greater than the 408 new ETFs/ETPs in H1 2017

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.

At the end of June 2018, the Global ETF/ETP industry had 7,430 ETFs/ETPs, with 14,237 listings, assets of US$4.986Tn, from 376 providers listed on 70 exchanges in 57 countries.  Due to market moves the assets invested in ETFs/ETPs listed globally decreased by 0.35% from $5.004Tn in May 2018 to $4.986Tn.

Growth in Global ETF and ETP assets as of the end of June 2018


Equity ETFs/ETPs listed globally gathered net inflows of $2.08 Bn in June bringing net inflows for 2018 to $150.21 Bn, which is less than the $239.54 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally gathered net inflows of $7.58 Bn in June, growing net inflows for 2018 to $46.42 Bn which is less than the $84.08 Bn in net inflows at this point last year. 

June marked the 53rd consecutive month of net inflows into ETFs/ETPs listed globally,Year-to-date in 2018 there have been net inflows of US$223.26 Bn which is 86.32% less than the US$347.73 Bn in net inflows at this point last year.
 
The majority of these flows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $105.43 Bn during 2018. The iShares Core MSCI EAFE ETF (IEFA US) on its own accounted for net inflows of $18.07 Bn.

Top 20 ETFs by net new assets: Global

Name

Ticker

Assets
(US$ Mn)
 Jun-18

ADV
(US$ Mn)
Jun-18

NNA
(US$ Mn)
YTD 2018

iShares Core MSCI EAFE ETF

IEFA US

57,500

551.1

18,069

TOPIX Exchange Traded Fund

1306 JP

71,304

33.3

12,017

iShares Core MSCI Emerging Markets ETF

IEMG US

46,709

650.8

7,971

iShares Short Treasury Bond ETF

SHV US

15,049

155.5

7,014

Daiwa ETF TOPIX

1305 JP

34,343

3.8

6,393

Vanguard S&P 500 ETF

VOO US

90,788

657.8

5,329

Vanguard FTSE Developed Markets ETF

VEA US

70,008

401.8

4,756

iShares Core S&P 500 ETF

IVV US

146,407

1,056.9

4,710

Listed Index Fund TOPIX

1308 JP

31,631

4.4

4,423

Nikkei 225 Exchange Traded Fund

1321 JP

51,942

48.5

3,808

iShares Core U.S. Aggregate Bond ETF

AGG US

55,309

361.4

3,799

iShares Floating Rate Bond ETF

FLOT US

10,399

94.2

3,782

iShares Core S&P Small-Cap ETF

IJR US

42,864

340.5

3,627

iShares Edge MSCI USA Momentum Factor ETF

MTUM US

9,199

113.1

3,428

Vanguard Total Stock Market ETF

VTI US

96,423

297.2

3,344

Vanguard Value ETF

VTV US

38,709

192.3

3,078

Schwab International Equity ETF

SCHF US

15,671

92.6

2,644

Schwab US TIPS ETF

SCHP US

5,440

42.8

2,566

PowerShares QQQ

QQQ US

65,895

6,504.1

2,344

iShares Core MSCI Total International Stock ETF

IXUS US

10,182

41.6

2,342

 

Similarly, the top 10 ETPs by net new assets collectively gathered $8.19 Bn year-to-date during 2018.


Top 10 ETPs by net new assets: Global

Name

Ticker

Assets
(US$ Mn)
 Jun-18

ADV
(US$ Mn)
Jun-18

NNA
(US$ Mn)
YTD 2018

Xtrackers Physical Gold ETC (EUR)

XAD5 GY

2,239

2.5

1,648

Barclays ETN+ FI Enhanced Global High Yield Series B

FIYY US

1,497

0.5

1,310

ProShares Short VIX Short-Term Futures

SVXY US

528

164.0

1,185

iShares Gold Trust

IAU US

10,799

163.4

1,129

Barclays ETN+ FI Enhanced Europe 50 C

FFEU US

669

2.8

687

VelocityShares Daily Inverse VIX Short Term ETN

XIV US

-

-

654

PowerShares DB Commodity Index Tracking Fund

DBC US

3,015

49.9

596

Credit Suisse FI Enhanced Europe 50 ETNs

FEUL US

314

4.3

351

VelocityShares Daily 2x VIX Short Term ETN

TVIX US

556

406.7

338

iPath Bloomberg Commodity Index Total Return ETN

DJP US

1,217

9.8

294

 

Investors have tended to invest in core, market cap and lower cost ETFs in June 2018 with the iShares Core MSCI EAFE ETF (IEFA US) and TOPIX Exchange Traded Fund (1306 JP) capturing most of the flows. 
 
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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. 

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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. 
 
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