ETFGI reports assets invested in ETFs and ETPs listed globally rise above US$5 trillion at the end of November 2018

LONDONDecember 12, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed globally gathered net inflows of US$60.55 Bn during November. Following October trends, all regions but the Middle East and Africa continued to see positive net flows. Total assets invested in the global ETF and ETP industry rose 2.33% by the end of November, from US$4.95 Tn at the end of October, to US$5.06 Tn, according to ETFGI’s October 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 increase 2.33% to $5.06 Tn in November.

  •       Net new assets gathered by ETFs/ETPs listed globally were $60.55 Bn in November.

  •       58th consecutive months of net inflows into ETFs/ETPs listed globally. 

“While trade talks continue to make noise in the headlines, the very real prospect of slowing global growth appears to be filtering into market sentiment. A seemingly more reposed approach to monetary policy along with the China-US trade truce provided enough of a tailwind to lift US markets to finish in the green by the end of November, with the S&P 500 gaining 2.04% over the month bringing the year-to-date gain to 5.11%. Apart from the Eurozone, where various domestic issues continue to dominate, most developed markets closed the month with marginal gains, the S&P developed ex-US BMI was up 0.17% in November with year-to-date declines of 9.66%. EM and Frontier markets bounced back from the October fall, finishing up 4.61% and 1.94% respectively, softening year-to-date declines to 11.15% and 8.95%”  according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of November 2018, the Global ETF/ETP industry had 7,636 ETFs/ETPs, with 14,913 listings, assets of $5.06 Tn, from 395 providers listed on 71 exchanges in 57 countries. Following net inflows of $60.55 Bn and market moves during the month, assets invested in ETFs/ETPs listed globally increased by 2.33%, from $4.95 Tn at the end of October 2018, to $5.06 Tn.

 

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

 

Equity ETFs/ETPs listed globally attracted net inflows of $41.05 Bn in November, growing net inflows for 2018 to $312 Bn, less than the $418 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally saw net inflows of $14.23 Bn in November,  bringing net inflows for 2018 to $86.4 Bn, considerably less than the $140 Bn in net inflows at this point last year.  

November marked the 58th consecutive month of net inflows into ETFs/ETPs listed globally, Year-to-date in 2018 there have been net inflows of $439 Bn, less than the $599 Bn in net inflows at this point last year.


Substantial inflows during November can be attributed to the top 20 ETFs by net new assets, which collectively gathered $29.7 Bn.  The SPDR S&P 500 ETF Trust (SPY US) gathered $3.73 Bn, the largest net inflow in November. 

Top 20 ETFs by net new assets November 2018: Global

Name

Ticker

Assets
(US$ Mn)
 Nov-18

ADV
(US$ Mn)
Nov-18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)
Nov-18

SPDR S&P 500 ETF Trust

SPY US

265,666

26,191

(12,760)

3,727

iShares Core MSCI Emerging Markets ETF

IEMG US

50,187

1,033

14,596

3,502

TOPIX Exchange Traded Fund

1306 JP

74,308

33

20,122

2,233

iShares 1-3 Year Treasury Bond ETF

SHY US

17,170

226

5,931

2,043

iShares Short Treasury Bond ETF

SHV US

17,372

263

9,332

1,733

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

BIL US

6,984

207

5,028

1,661

iShares Russell 1000 Value ETF

IWD US

39,203

334

(1,964)

1,517

Vanguard FTSE Developed Markets ETF

VEA US

67,376

595

7,559

1,216

iShares MSCI USA Minimum Volatility ETF

USMV US

18,844

191

2,584

1,147

iShares Core S&P 500 UCITS ETF

CSSPX SW

31,810

8

4,788

1,123

JPMorgan Ultra-Short Income ETF

JPST US

4,412

90

4,346

1,094

Vanguard Short-Term Treasury ETF

VGSH US

4,644

74

2,738

1,043

Vanguard Total Stock Market ETF

VTI US

101,581

429

7,860

1,039

First Trust Health Care AlphaDEX Fund

FXH US

2,353

88

1,231

1,027

Vanguard S&P 500 ETF

VOO US

102,423

714

15,510

1,004

Vanguard Dividend Appreciation ETF

VIG US

31,201

127

2,263

986

Vanguard Total World Stock ETF

VT US

12,529

161

2,439

960

iShares Core S&P 500 ETF

IVV US

160,546

1,319

16,123

918

iShares Core U.S. Aggregate Bond ETF

AGG US

53,652

448

2,891

885

iShares National Muni Bond ETF

MUB US

10,565

141

1,220

848

Similarly, the top 10 ETPs by net new assets collectively gathered $2.92 Bn by the end of November 2018. 


Top 10 ETPs by net new assets November 2018: Global

Name

       Ticker

Assets
(US$ Mn)
 
Nov-18

ADV
(US$ Mn)

Nov-18

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)

Nov-18

VelocityShares Daily 3x Inverse Natural Gas ETN

DGAZ US

362

297

916

534

Samsung Securities KOSPI Short Strangle 5% OTM ETN 60

530060 KS

454

0

454

454

United States Oil Fund LP

USO US

1,570

476

(348)

368

VelocityShares 3x Long Crude Oil ETN

UWT US

307

147

291

311

SPDR Gold Shares

GLD US

28,938

1,024

(2,872)

309

iShares Physical Gold ETC

SGLN LN

3,516

3

535

208

ETFS Brent Crude

BRNT LN

246

2

129

199

ProShares Ultra DJ-UBS Crude Oil

UCO US

348

100

(137)

187

NH QV KOSPI 5% Short strangle OTM ETN 56

550056 KS

181

0

181

181

ETFS WTI Crude Oil

CRUD LN

580

11

(72)

173

 

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

 
Please contact [email protected] 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 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 4,200 members in chapters around the world.  www.womeninetfs.com
 
Contact: 
Deborah Fuhr 
Managing Partner 
ETFGI 
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