ETFGI reports assets invested in ETFs and ETPs listed globally reached a new high of US$5.23 Tn at the end of August 2018

LONDONSeptember 12, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed globally reached a new high of US$5.23 trillion, following net inflows of US$35.59 billion and market moves during August. Strong inflows during the month were primarily gathered by ETFs providing exposure to US equities, according to ETFGI’s August 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

  • Total Assets in ETFs and ETPs listed globally reached a record $5.23 Tn in August.
  • Net new assets gathered by ETFs/ETPs listed globally were $35.59 Bn in August.
  • 55th consecutive months of net inflows into 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 ETF/ETP industry had 7,505 ETFs/ETPs, with 14,512 listings, assets of $5.23 Tn, from 382 providers listed on 69 exchanges in 57 countries. Following net inflows of $35.59 and market moves during the month, assets invested in ETFs/ETPs listed globally increased by 2.15%, from $5.12 Tn in July 2018 to $5.23 Tn.

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

Equity ETFs/ETPs listed globally gathered record net inflows of $29.10 Bn in August, bringing net inflows for 2018 to $206.24 Bn, less than the $290.64 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally gathered net inflows of $7.47 Bn in August, growing net inflows for 2018 to $66.86 Bn which is less than the $111.14 Bn in net inflows at this point last year.  

August marked the 55th consecutive month of net inflows into ETFs/ETPs listed globally, Year-to-date in 2018 there have been net inflows of $299 Bn, which are less than the $434 Bn in net inflows at this point last year.


Substantial inflows during August can be attributed to the top 20 ETFs by net new assets, which collectively gathered $27.13 Bn.  The iShares Core S&P 500 ETF (IVV US) gathered $6.59 Bn, the largest net inflows in August. 

Top 20 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

iShares Core S&P 500 ETF

IVV US

161,885

1,058

9,981

6,587

Invesco QQQ Trust

QQQ US

73,959

6,054

4,565

3,935

Vanguard S&P 500 ETF

VOO US

99,863

651

7,892

1,919

JPMorgan BetaBuilders Canada ETF

BBCA US

1,479

2

1,477

1,477

iShares iBoxx $ High Yield Corporate Bond ETF

HYG US

17,229

983

(288)

1,476

iShares Core MSCI Emerging Markets ETF

IEMG US

49,082

724

10,690

1,307

Consumer Discretionary Select Sector SPDR Fund

XLY US

15,905

584

608

1,195

TOPIX Exchange Traded Fund

1306 JP

73,246

27

14,561

937

JPMorgan BetaBuilders Europe ETF

BBEU US

1,338

49

1,325

925

Vanguard Value ETF

VTV US

43,764

139

5,439

821

VanEck Vectors Gold Miners ETF

GDX US

8,176

1,089

2,426

708

iShares FTSE China Large-Cap ETF

IZZ AU

83

1

688

684

iShares China Large-Cap ETF

FXI US

4,645

1,348

1,138

678

Vanguard S&P 500 UCITS ETF

VUSA LN

25,924

9

2,334

678

iShares $ Floating Rate Bond UCITS ETF Acc

FLOA LN

936

2

935

655

iShares S&P Small-Cap ETF

IJR AU

148

1

676

647

iShares Core S&P Mid-Cap ETF

IJH US

50,461

277

2,797

643

iShares Core MSCI EAFE ETF

IEFA US

58,382

452

18,708

640

JPMorgan BetaBuilders Developed Asia EX-Japan ETF

BBAX US

620

615

621

621

iShares Core S&P 500 UCITS ETF

CSSPX SW

31,247

8

2,793

600

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon 

Similarly, the top 10 ETPs by net new assets collectively gathered $1.09 Bn by the end of August 2018. 


Top 10 ETPs 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

iPath S&P 500 VIX Short-Term Futures ETN

VXX US

980

1,158

(355)

227

VelocityShares Daily 2x VIX Short Term ETN

TVIX US

531

345

537

174

VelocityShares Daily 3x Inverse Natural Gas ETN

DGAZ US

311

128

84

137

Xtrackers Physical Gold Euro Hedged ETC

XAD1 GY

1,724

1

231

132

ETFS Nickel

NICK LN

388

0

278

87

ETFS Physical Gold

PHAU LN

5,826

9

90

80

MicroSectors FANG+ Index 3X Lev ETNs due January 8, 2038

FNGU US

158

6

135

77

ETFS Agriculture DJ-UBSCISM

AIGA LN

341

0

109

63

Invesco Gold ETC

SGLD LN

4,063

4

(276)

63

MicroSectors FANG Index 2X Leveraged ETN

FNGO US

56

0

53

53

             

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 

Investors have tended to invest in core, market cap and lower cost ETFs in August.

 
Please contact [email protected] if you would like to discuss subscribing to any of ETFGI’s research or consulting 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 4,200 members in chapters around the world.  www.womeninetfs.com
 
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Deborah Fuhr 
Managing Partner 
ETFGI 
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