ETFGI reports assets invested in actively managed ETFs and ETPs listed globally reached a new high of US$106 Bn at the end of October 2018
LONDON — December 10, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that actively managed ETFs and ETPs listed globally gathered net inflows of US$3.55 Bn during October. Total assets invested in the global actively managed ETF and ETP industry rose 0.17%, edging the record higher from US$105.90 Bn at the end of September, to US$106.09 Bn, according to ETFGI’s October 2018 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 for actively managed ETFs and ETPs listed globally rose 0.17% to reach new high of $106 Bn during October.
- Net new assets gathered by actively managed ETFs and ETPs listed globally were $3.55 Bn in October.
- Actively managed fixed income ETFs continue to grow in popularity.
“Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US. Developed and developing markets saw similar declines during the month. Aside from the US, where strong year-to-date performance cushioned the fall, October pushed many indices deeper into negative territory for the year. The S&P 500 fell 6.84% over the month, retaining a 3.1% gain year-to-date, while European markets fell 7.82%, bringing year-to-date decline to 9.56%. EM markets down 7.60% and Frontier markets down 3.36%, bringing year to date declines to 15.07% and 10.68%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of October 2018, the actively managed ETF/ETP industry had 599 ETFs/ETPs, with 758 listings, assets of $106 Bn, from 124 providers listed on 20 exchanges. Following net inflows of $3.55 Bn and market moves during the month, assets invested in actively managed ETFs/ETPs listed globally increased by 0.17%, from $105.90 Bn at the end of September 2018, to $106.09 Bn.
Growth in actively managed ETF and ETP assets as of the end of October 2018
Equity focused actively managed ETFs/ETPs listed globally attracted net inflows of $12 Mn in October, growing net inflows for 2018 to $6.03 Bn, more than the $5.38 Bn in net inflows at this point last year. Fixed Income focused, actively managed ETFs and ETPs listed in globally saw net inflows of $3.40 Bn, bringing net inflows for 2018 to $20.80 Bn, greater than the $15.16 Bn in net inflows at this point last year.
Substantial inflows during October can be attributed to the top 20 actively managed ETFs/ETPs by net new assets, which collectively gathered $3.62 Bn. The JPMorgan Ultra-Short Income ETF (JPST US) gathered $928 Mn, the largest net inflow in October.
Top 20 actively managed ETFs/ETPs by net new assets October 2018
| Name | Ticker | Assets (US$ Mn) Oct-18 |
ADV (US$ Mn) Oct-18 |
NNA (US$ Mn) YTD 2018 |
NNA (US$ Mn) Oct-18 |
| JPMorgan Ultra-Short Income ETF | JPST US | 3,361 | 73 | 3,252 | 928 |
| PIMCO Enhanced Short Maturity Strategy Fund | MINT US | 11,200 | 131 | 3,155 | 576 |
| First Trust Enhanced Short Maturity Fund | FTSM US | 3,070 | 51 | 1,632 | 414 |
| iShares Short Maturity Bond ETF | NEAR US | 4,982 | 63 | 2,104 | 378 |
| Purpose High Interest Savings ETF | PSA CN | 847 | 55 | 427 | 158 |
| Hartford Total Return Bond ETF | HTRB US | 318 | 0 | 301 | 125 |
| Invesco Ultra Short Duration ETF | GSY US | 1,591 | 22 | 527 | 111 |
| Janus Short Duration Income ETF | VNLA US | 731 | 10 | 515 | 110 |
| Hartford Municipal Opportunities ETF | HMOP US | 102 | 4 | 90 | 90 |
| BMO Enhanced Income Euro Equity UCITS ETF | ZWEU LN | 83 | 0 | 85 | 83 |
| LYXOR SMART CASH - UCITS ETF - C-EUR | CSH2 FP | 843 | 1 | 81 | 82 |
| Franklin Liberty Global Agg Bond ETF Cad-Hgd | FLGA CN | 249 | 4 | 254 | 79 |
| First Trust Low Duration Mtge Opportunities ETF | LMBS US | 1,729 | 15 | 788 | 76 |
| ONE North American Core Plus Bond ETF | ONEB CN | 72 | 0 | 73 | 73 |
| First Asset Health Care Giants Covered Call ETF | FHI CN | 82 | 3 | 82 | 73 |
| iShares Liquidity Income ETF | ICSH US | 602 | 9 | 458 | 68 |
| Mackenzie Floating Rate Income ETF | MFT CN | 569 | 5 | 366 | 61 |
| First Trust Senior Loan ETF | FTSL US | 1,884 | 14 | 557 | 50 |
| iShares Interest Rate Hgd High Yield Bond ETF | HYGH US | 416 | 3 | 297 | 46 |
| BMO Europe High Dividend Covered Call ETF | ZWP CN | 794 | 1 | 904 | 40 |
Investors have tended to invest in core, market cap and lower cost ETFs in October.
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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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
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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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