ETFGI reports assets invested in ETFs and ETPs listed globally reached a record of US$5.25 trillion at the end of September 2018

LONDON — October 15, 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$5.25 trillion, following net inflows of US$52.18 billion and market moves during September. The trend towards products providing exposure to the US continued, with equity based products tracking the core US indices seeing substantial inflows, according to ETFGI’s September 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 $5.25 Tn in September.
  • Net new assets gathered by ETFs/ETPs listed globally were $52.18 Bn in September.
  • 56th consecutive months of net inflows into 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 ETF/ETP industry had 7,553 ETFs/ETPs, with 14,643 listings, assets of $5.25 Tn, from 386 providers listed on 69 exchanges in 57 countries. Following net inflows of $52.18 and market moves during the month, assets invested in ETFs/ETPs listed globally increased by 0.44%, from $5.23 Tn in August 2018 to $5.25 Tn.
 
Growth in Global ETF and ETP assets as of the end of September 2018

 


Equity ETFs/ETPs listed globally attracted net inflows of $45.04 Bn in September,  bringing net inflows for 2018 to $251.28 Bn, less than the $327.30 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally gathered net inflows of $7.24 Bn in September,  growing net inflows for 2018 to $74.10 Bn, considerably less than the $121.83 Bn in net inflows at this point last year.  

September marked the 56th consecutive month of net inflows into ETFs/ETPs listed globally, Year-to-date in 2018 there have been net inflows of $351 Bn, less than the $483 Bn in net inflows at this point last year.

Substantial inflows during September can be attributed to the top 20 ETFs by net new assets, which collectively gathered $30.1 Bn.  The SPDR S&P 500 ETF (SPY US) gathered $5.01 Bn, the largest net inflow in September. 


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

SPDR S&P 500 ETF Trust

SPY US

279,360

16,975

(13,065)

5,009

Vanguard S&P 500 ETF

VOO US

104,429

619

12,435

4,543

iShares Russell 2000 ETF

IWM US

49,840

2,664

3,172

2,490

TOPIX Exchange Traded Fund

1306 JP

77,349

32

17,033

2,472

iShares 20+ Year Treasury Bond ETF

TLT US

9,182

891

2,639

1,652

Communication Services Select Sector SPDR Fund

XLC US

2,035

103

2,031

1,526

iShares Core MSCI EAFE ETF

IEFA US

59,977

399

19,911

1,202

Listed Index Fund TOPIX

1308 JP

34,144

6

6,521

1,201

Nikkei 225 Exchange Traded Fund

1321 JP

55,934

70

5,543

1,194

Vanguard Total Stock Market ETF

VTI US

105,500

297

5,974

1,147

Daiwa ETF TOPIX

1305 JP

36,915

4

8,507

1,072

Health Care Select Sector SPDR Fund

XLV US

19,632

577

672

861

Vanguard FTSE Developed Markets ETF

VEA US

71,267

299

5,494

823

First Trust NYSE Arca Biotechnology Index Fund

FBT US

3,122

85

1,519

782

iShares J.P. Morgan USD EM Bond ETF

EMB US

14,522

347

3,185

772

ChinaAMC China 50 ETF

510050 CH

6,014

234

842

709

Vanguard Mid-Cap ETF

VO US

25,308

54

1,990

682

iShares Broad USD Investment Grade Corp Bond ETF

USIG US

2,171

36

708

670

iShares iBoxx $ Investment Grade Corp Bond ETF

LQD US

33,955

675

(3,146)

666

Listed Index Fund 225

1330 JP

28,266

21

1,811

628

​ 
Similarly, the top 10 ETPs by net new assets collectively gathered $1.16 Bn by the end of September 2018. 


Top 10 ETPs 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

VelocityShares Daily 3x Inverse Natural Gas ETN

DGAZ US

504

142

308

224

iPath S&P 500 VIX Short-Term Futures ETN

VXX US

1,067

799

(188)

167

iShares Gold Trust

IAU US

10,212

130

1,086

159

Invesco Gold ETC

SGLD LN

4,149

4

(137)

140

SPDR Gold MiniShares Trust

GLDM US

229

13

210

117

VelocityShares 3x Inverse Crude Oil ETN

DWT US

220

50

171

90

Shinhan Investment K200 Enhanced Condor 4/10% ETN 39

500039 KS

90

0

89

89

BNP Paribas RICI Enhanced BRENT Oil (TR) ETC

BNQC GY

96

0

80

80

iShares Silver Trust

SLV US

4,762

114

193

47

FI Enhanced Global High Yield ETN

FIHD US

1,530

3

377

46


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

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 
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