ETFGI reports assets invested in Actively managed ETFs and ETPs reached a new high of US$106 billion at the end of September 2018
LONDON — October 30, 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$106 billion, following net inflows of US$2.96 billion and market moves during September. August trends continued, with actively managed ETFs/ETPs in North America attracting net inflows, while actively managed ETFs/ETPs in Europe saw net outflows, according to ETFGI’s September 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 $106 Bn in September.
- Net new assets gathered by actively managed ETFs/ETPs listed globally were $2.96 Bn in September.
- 44th consecutive months of net inflows into actively managed ETFs/ETPs listed globally.
“Developed markets were broadly up during September following positive economic data from the US, Japan and Eurozone, despite the US-China trade dispute and on-going political tension in Europe. Developed Markets ex-US gained 0.68% during the month while the S&P 500’s winning streak tapered off, gaining only 0.57%, with mid to small cap US equities closing down. Developing markets downward trend continued, with EM markets down 1.37% and Frontier markets down 0.18%, bringing year to date declines to 8.08% and 7.56%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of September 2018, the Global Active ETF/ETP industry had 583 ETFs/ETPs, with 728 listings, assets of $106 Bn, from 122 providers listed on 20 exchanges. Following net inflows of $2.96 and market moves during the month, assets invested in actively managed ETFs/ETPs listed globally increased by 1.40%, from $104 Bn in August 2018 to $106 Bn.
Growth in Global Actively managed ETF and ETP assets as of the end of September 2018
Actively managed Fixed Income ETFs and ETPs listed globally gathered net inflows of $1.97 Bn in September, growing net inflows for 2018 to $17.40 Bn, greater than the $13.59 Bn in net inflows at this point last year. Actively managed Equity ETFs/ETPs listed globally gathered net inflows of $475 Mn in September, bringing net inflows for 2018 to $6.02 Bn, greater than the $4.67 Bn in net inflows at this point last year.
September marked the 44th 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 $27.02 Bn, greater than the $18.81 Bn in net inflows at this point last year.
A large proportion of net inflows during September can be attributed to the top 20 actively managed ETFs by net new assets, which collectively gathered $2.49 Bn. The PIMCO Enhanced Short Maturity Strategy Fund (MINT US) gathered $497 Mn, the largest net inflow in September, followed by the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC US) which gathered $423 Mn.
Top 20 ETFs by net new assets September 2018: Global
Name | Ticker | Assets (US$ Mn) Sep-18 |
ADV (US$ Mn) Sep-18 |
NNA (US$ Mn) YTD 2018 |
NNA (US$ Mn) Sep-18 |
PIMCO Enhanced Short Maturity Strategy Fund | MINT US | 10629.85 | 82 | 2,580 | 497 |
Invesco Optimum Yield Diversified Comm Strat K-1 ETF | PDBC US | 2654.29 | 47 | 1,810 | 423 |
iShares Short Maturity Bond ETF | NEAR US | 4607.2 | 30 | 1,726 | 173 |
JPMorgan Ultra-Short Income ETF | JPST US | 2433.9 | 37 | 2,323 | 168 |
First Trust Enhanced Short Maturity Fund | FTSM US | 2658 | 23 | 1,218 | 156 |
Hartford Total Return Bond ETF | HTRB US | 196.27 | 0 | 177 | 151 |
Purpose High Interest Savings ETF | PSA CN | 706.58 | 39 | 268 | 117 |
First Trust Tcw Unconstrained Plus Bond Etf | UCON US | 110.7 | 5 | 110 | 85 |
First Trust Senior Loan ETF | FTSL US | 1842.82 | 9 | 506 | 74 |
SPDR Blackstone/GSO Senior Loan ETF | SRLN US | 3438.31 | 22 | 1,066 | 68 |
First Trust Low Duration Mortgage Opportunities ETF | LMBS US | 1657.77 | 10 | 712 | 66 |
Strategy Shares EcoLogical Strategy ETF | HECO US | 75.06 | 4 | 66 | 66 |
Invesco Ultra Short Duration ETF | GSY US | 1481.47 | 13 | 417 | 65 |
iShares Liquidity Income ETF | ICSH US | 534.2 | 5 | 391 | 63 |
JPMorgan USD Ultra-Short Income UCITS ETF | JPST IM | 127.3 | 0 | 139 | 62 |
Hartford Short Duration ETF | HSRT US | 74.06 | 3 | 74 | 54 |
Janus Short Duration Income ETF | VNLA US | 621.17 | 4 | 405 | 53 |
ARK Innovation ETF | ARKK US | 1401.47 | 12 | 857 | 52 |
PIMCO Euro Short Maturity Source UCITS ETF | PJSR GY | 292.66 | 0 | 142 | 50 |
ARK Genomic Revolution Multi-Sector ETF | ARKG US | 338.82 | 6 | 236 | 41 |
Investors have tended to invest in Fixed income strategy actively managed ETFs in September.
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.
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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 4,100 members in chapters around the world.
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