ETFGI reports assets invested in ETFs and ETPs listed in the US reached a new high of $3.71 trillion at the end of August 2018

LONDON — September 14, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the US reached a new high of US$3.71 Tn in assets, following net inflows of US$24.71 Bn in August, according to ETFGI’s August 2018 US 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 in the US reached a record $3.71 Tn at the end August.
  • Net new assets gathered by ETFs/ETPs listed in the US were $24.71 Bn in August.
  • Equity products gathered the largest net inflows during August with $19.67 Bn, while commodity ETFs/ETPs experienced the largest net outflows with $2.59 Bn.


“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 US ETF/ETP industry had 2,173 ETFs/ETPs, assets of $3.71 Tn, from 143 providers listed on 3 exchanges. Due to net inflows and market moves the assets invested in ETFs/ETPs listed in the US increased by 2.11%, from $3.63 Tn in July 2018 to $3.71 Tn.

Growth in US Listed ETF and ETP assets as of the end of August 2018
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Equity ETFs/ETPs listed in the US gathered net inflows of $19.67 Bn in August, bringing net inflows for 2018 to $109.44 Bn, less than the $200.41 Bn in net inflows at this point last year. 

Fixed Income ETFs and ETPs listed in the US gathered net inflows of $4.90 Bn in August, growing net inflows for 2018 to $51.50 Bn, less than the $84.34 Bn in net inflows at this point last year.  

Commodity ETFs/ETPs listed in the US saw net outflow of $2.59 Bn in August, bringing net outflows for 2018 to $3.55 Bn, greater than the $265 Mn in net outflows at this point last year.

A large proportion of net inflows in August can be attributed to the top 20 ETFs by net new assets, which collectively gathered $26.30 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: US

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

 (211)

 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

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

 8,173

 1,089

 2,426

 708

iShares China Large-Cap ETF

FXI US

 4,642

 1,348

 1,138

 678

iShares Core S&P Mid-Cap ETF

IJH US

 50,459

 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

 (312)

 621

 621

iShares Core S&P Small-Cap ETF

IJR US

 47,643

 343

 4,874

 599

iShares Edge MSCI USA Momentum Factor ETF

MTUM US

 10,320

 97

 3,830

 573

JPMorgan Ultra-Short Income ETF

JPST US

 2,267

 53

 2,155

 572

iShares MSCI USA Minimum Volatility ETF

USMV US

 16,236

 92

 80

 572

Health Care Select Sector SPDR Fund

XLV US

 18,297

 587

 (189)

 527

iShares 1-3 Year Treasury Bond ETF

SHY US

 13,739

 156

 2,486

 524

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The top 10 ETPs by net new assets collectively gathered $899 Mn by the end of August 2018. 

Top 10 ETPs by net new assets August 2018: US

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

VXX US

 980

 1,158

 (355)

 227

VelocityShares Daily 2x VIX Short Term

TVIX US

 531

 345

 537

 174

VelocityShares Daily 3x Inverse Natural Gas

DGAZ US

 311

 128

 84

 137

MicroSectors FANG+ Index 3X Leveraged due January 8, 2038

FNGU US

 158

 6

 135

 77

MicroSectors FANG Index 2X Leveraged

FNGO US

 56

 (0)

 53

 53

iShares Gold Trust

IAU US

 10,185

 147

 927

 53

MicroSectors FANG Index Inverse

GNAF US

 47

 (0)

 49

 49

MicroSectors FANG Index 2X Inverse Leveraged

FNGZ US

 44

 (0)

 47

 47

Large Cap Growth Index-Linked ETNs due 2028

FRLG US

 322

 4

 286

 43

Invesco DB US Dollar Index Bullish Fund

UUP US

 550

 24

 (11)

 41

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

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

 

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Review of the Mega Trends Influencing the ETF Industry
September 14, 2018, 11:00 am - 11:15 am EST
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The conference is designed to provide the opportunity for institutional investors and financial advisors, as well as other market participants, to hear from the regulator, 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. 

Early bird registration rate of US$400.00 is available until Sept. 14, 2018. Free registration is available for investment advisors, as well as institutional buyside traders, portfolio managers and fund selectors. To register and view the current program at http://bit.ly/2MkpLfz
The ETFs Global Markets Roundtable events are a series of conferences organised by ETFGI and Capital Markets Strategies. Our 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 
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Toronto      May 31, 2018   

If you are interested in sponsorship or participation at the conference, 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 
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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 
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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
 
Contact: 
Deborah Fuhr 
Managing Partner 
ETFGI 
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