ETFGI reports assets invested in Actively managed ETFs and ETPs reached a new high of $104 Bn at the end of August 2018

LONDON — September 28, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that assets invested in actively managed ETFs and ETPs listed globally reached a new high of US$104 billion, following net inflows of US$2.86 billion and market moves during August. Actively managed ETFs/ETPs in the US and Canada attracted the greatest net inflows, while actively managed ETFs/ETPs in Europe saw net outflows, according to ETFGI’s August 2018 Global Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.) 

Highlights

  • Total Assets in actively managed ETFs and ETPs listed globally reached a record $104 Bn in August.
  • Net new assets gathered by actively managed ETFs/ETPs listed globally were $2.86 Bn in August.
  • 43rd consecutive months of net inflows into actively managed ETFs/ETPs listed globally. 

 

“On August 22, 2018 the S&P 500 marked its longest bull market -  3,453 days, without a bear market - a 20% drop from the index’s 52-week high. August was a strong month for U.S. equities with economic strength and strong corporate earnings pushing the S&P 500 to reach record highs and gain 3.26% during the month and up 9.94% year to date.  Most non-US markets suffered declines during August due to investors’ concerns over trade tensions, Brexit, currency crises and a fear of contagion.  Developed markets ex US declined 1.44% in August while up 0.46% YTD, EM markets were down 3.51% and are down 0.81% YTD and Frontier markets were down 4.50% and are down 1.66% YTD.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of August 2018, the Global Active ETF/ETP industry had 579 ETFs/ETPs, with 708 listings, assets of $104 Bn, from 121 providers listed on 20 exchanges. Following net inflows of $2.86 and market moves during the month, assets invested in ETFs/ETPs listed globally increased by 4.80%, from $99.6 Bn in July 2018 to $104 Bn.

Growth in Global Actively managed ETF and ETP assets as of the end of August 2018

 

Actively managed Fixed Income ETFs and ETPs listed globally gathered net inflows of $2.09 Bn in August, growing net inflows for 2018 to $15.44 Bn, greater than the $11.94 Bn in net inflows at this point last year.  Actively managed Equity ETFs/ETPs listed globally gathered net inflows of $153 Mn in August, bringing net inflows for 2018 to $461 Mn, substantially less than the $3.93 Bn in net inflows at this point last year. 

August marked the 43rd consecutive month of net inflows into actively managed ETFs/ETPs listed globally. Year-to-date in 2018 actively managed products have seen net inflows of $24.1 Bn, greater than the $16.45 Bn in net inflows at this point last year.


A large proportion of net inflows during August can be attributed to the top 20 actively managed ETFs by net new assets, which collectively gathered $2.33 Bn.  The JPMorgan Ultra-Short Income ETF (JPST US) gathered $572 Mn, the largest net inflows in August. 

Top 20 Active ETFs by net new assets August 2018: Global

Name Ticker Assets
(US$ Mn)
 Aug-18		 ADV
(US$ Mn)
Aug-18		 NNA
(US$ Mn)
YTD 2018		 NNA
(US$ Mn)
Aug-18
JPMorgan Ultra-Short Income ETF JPST US  2,267  53  2,155  572
First Trust Enhanced Short Maturity Fund FTSM US  2,503  33  1,062  285
PIMCO Enhanced Short Maturity Strategy Fund MINT US  10,135  88  2,083  270
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF PDBC US  2,154  23  1,387  150
SPDR Blackstone/GSO Senior Loan ETF SRLN US  3,361  19  997  139
First Trust Low Duration Mortgage Opportunities ETF LMBS US  1,596  14  645  138
ARK Innovation ETF ARKK US  1,416  17  805  105
Invesco Ultra Short Duration ETF GSY US  1,417  17  352  80
iShares Liquidity Income ETF ICSH US  472  5  328  65
Purpose High Interest Savings ETF PSA CN  605  28  151  63
iShares Short Maturity Bond ETF NEAR US  4,437  42  1,553  53
First Asset Global Financial Sector ETF FSF CN  100  3  49  52
First Trust TCW Opportunistic Fixed Income ETF FIXD US  319  4  75  52
iShares Interest Rate Hedged High Yield Bond ETF HYGH US  385  3  261  50
PIMCO Monthly Income Fund PMIF CN  564  3  344  44
First Trust Senior Loan ETF FTSL US  1,767  9  432  43
Mackenzie Floating Rate Income ETF MFT CN  504  3  273  43
HSBC Multi Factor Worldwide Equity UCITS ETF HWWA LN  297  0  75  43

Investors have tended to invest in Fixed income actively managed ETFs in August.

Please contact deborah.fuhr@etfgi.com if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services. 

 
###



                                                                        

Less than 2 weeks left to register for the ETFs Global Markets Roundtable  organised by ETFGI and Capital Markets Strategies on October 9th in Hong Kong from 8:30am – 5pm at Ernst & Young Group Limited, 22/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong

 

Free registration is available for investment advisors, as well as buyside traders, portfolio managers and fund selectors. Standard registration rate is available for everyone else: http://bit.ly/2MkpLfz

 

Speakers will include:

  • Jürgen Blumberg, Head of Capital Markets EMEA, Invesco
  • Ari Burstein, President, Capital Markets Strategies
  • Grace Chong, Senior Associate, Herbert Smith Freehills
  • Deborah Fuhr, Moderator, Managing Partner, ETFGI LLP
  • Trevor Lee, Director, Investment Products, Securities and Futures Commission
  • Matthew Mark, Director - Asset Owners Distribution, World Gold Council
  • Frank Mohr, Global Head ETF Sales Trading, Commerzbank
  • Andrew Naylor, Director - Central Bank & Public Policy Team, World Gold Council
  • Viktor Östebo, Head of Institutional Trading, Flow Traders Asia
  • Jacqueline Pang, Head of Capital Markets – APAC, State Street Global Advisors
  • Eric Pollackov, Global Head of ETF Capital Markets, Invesco
  • Brain Roberts, Senior Vice President, Head of Exchange Traded Products, Hong Kong Exchanges and Clearing Limited
  • Antoine de Saint Vaulry, Head of ETF Trading, APAC, Citi
  • Cindy Shek, Partner, King & Wood Mallesons
  • Rebecca Sin, Head of ETF Sales Trading, Asia, Commerzbank
  • Anuradha Thakur, Joint Secretary, Department of Investment and Public Asset Management, Government of India

 

Conference sessions will include: • Fireside Chat on ETF Policy and Regulatory Issues • Impact of Regulatory Developments on ETFs • Exchange and market maker panel • Overview of Trends Impacting the ETF Industry • How to Increase the Use of ETFs by Institutional Investors and Financial Advisors in Asia Pacific

 

Free registration is available for investment advisors, as well as buyside traders, portfolio managers and fund selectors.  Standard registration rate is available for everyone else:  http://bit.ly/2MkpLfz  

 

ETFs Global Markets Roundtable conference is designed to provide the opportunity for institutional investors and financial advisors, as well as other market participants, to hear from regulators, leading ETF issuers, major brokers, stock exchanges, law firms and others about regulatory, liquidity, pricing, trading, and technological developments impacting the use and trading of ETFs, and the impact that ETFs have on the markets and market structure. The ETFs Global Markets Roundtable events are a series of conferences organised by ETFGI and Capital Markets Strategies.

 

The first event took place in June 2017 in New York City. In 2018 ETFs Global Markets Roundtable conferences were held in London on April 19 (covering EMEA), New York on May 15 (covering USA/Latin America), and Toronto on May 31 (covering Canada). The events offer an opportunity for a substantive and in-depth discussion about the liquidity, trading, technological and regulatory developments impacting ETFs in the respective jurisdictions.

 

 
To view the agendas, speakers and sponsors for our prior events in 2018 please click on the city name below:
London      April 19, 2018
New York   May 15, 2018
Toronto      May 31, 2018
 
Schedule of upcoming conferences in 2019
EMEA (London) - March / April 2019
US/Latin America (New York) - May 2019
Canada (Toronto) - June 2019
APAC (Hong Kong) - October 2019
 
If you are interested in sponsoring or speaking at our upcoming events in 2019 or have any questions, please contact Deborah Fuhr at deborah.fuhr@etfgi.com


 
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 covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com. 
 
About ETFGI 
ETFGI is an independent research and consultancy firm launched in London offering consulting services and paid for research subscription services. Deborah Fuhr is the Managing Partner and a founder of ETFGI.  Our services are unique in their breadth and depth of coverage in  monthly reports covering each region of the world where ETFs, ETPs are listed, a monthly directory and monthly fact sheets along with a database covering all global products plus you receive insights from us. Visit www.etfgi.com to learn more. 

ETFGI SERVICES 
ETFGI currently offers the following subscription services: 

  • ETFGI Basic Global ETFs and ETPs research service 
  • ETFGI Global Institutional Users of ETFs and ETPs Landscape report 
  • ETFGI Global Active ETF ETFs and ETPs Landscape report 
  • ETFGI Global Smart Beta Equity ETF ETFs and ETPs Landscape report 
  • ETFGI Global Currency Hedged ETFs and ETPs Landscape report 
  • ETFGI Global Leverage and Inverse ETFs and ETPs Landscape report 
  • ETFGI Global EM and FM ETFs and ETPs Landscape report 
  • ETFGI China ETFs and ETPs Landscape report 
  • ETFGI Trends in ETF Adoption by fund platforms in the UK report 
  • Custom reports and analysis 
  • ETFGI Weekly Newsletter – Premium 
  • ETFGI Weekly Newsletter (free subscription - register at www.etfgi.com) 
  • ETFs Global Markets Roundtable events 2018 

ETFGI is supporting Jobs in ETFs, the first website for careers and recruitment in the ETF industry. 
Please contact us at deborah.fuhr@etfgi.com if you would like further information on our services.

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 4,200 members in chapters around the world.  www.womeninetfs.com
 
Contact: 
Deborah Fuhr 
Managing Partner 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 
Twitter: @deborahfuhr 
LinkedIn: ETF Network 
LinkedIn: Women In ETFs