ETFGI reports that assets invested in ETFs and ETPs listed in the United States reached US$3.59 trillion at the end of November 2018
LONDON — December 14, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that that assets invested in ETFs and ETPs listed in the United States reached US$3.59 trillion at the end of November 2018, an increase of 2.6% from US$3.50 trillion at the end of October. (All dollar values in USD unless otherwise noted.)
- Assets invested in ETFs/ETPs listed in the US increased by 2.6% during November 2018 to reach $3.59 Tn.
- Year-to-date, assets have increased by 4.9% from $3.42 Tn at the end of 2017.
- In November 2018, ETFs/ETPs listed in the US saw net inflows of $44.0 Bn.
“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 FM bounced back from the October fall, finishing up 4.61% and 1.94% respectively, softening year-to-date declines to 11.2% and 9.0%”, according to Deborah Fuhr, managing partner and a founder of ETFGI.
According to ETFGI’s November 2018 US ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in the United States regained some of the ground lost during October, when assets fell from a record high of $3.73 Tn at the end of September. Year-to-date, assets have increased by 4.9%, from $3.42 Tn at the end of 2017. At the end of November, the US ETF/ETP industry had 2,227 ETFs/ETPs, from 147 providers on 3 exchanges.
US ETF and ETP asset growth as at end of November 2018
In November 2018, ETFs/ETPs listed in the US saw net inflows of $44.0 Bn. Equity products gathered the largest net inflows with $29.2 Bn, while leveraged inverse ETFs/ETPs experienced the largest net outflows with $9 Mn. Year-to-date through end of November, ETFs/ETPs have seen net inflows of $263 Bn. Equity products gathered the largest net inflows with $173 Bn, while commodity ETFs/ETPs experienced the largest net outflows with $2.84 Bn. During November, the top 20 ETFs collectively gathered $27.9 Bn in net new assets.
Top 20 ETFs by monthly net inflows: United States
(US$ 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|
|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|
|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|
|Vanguard Value ETF||VTV US||44,846||164||7,237||768|
|Schwab Short-Term US Treasury ETF||SCHO US||3,769||56||1,603||768|
Similarly, during November, the top 10 ETPs collectively gathered $1.97 Bn in net new assets.
Top 20 ETFs by YTD net inflows: United States
(US$ Mn) Nov-18
|VelocityShares Daily 3x Inv Natural Gas ETN||DGAZ US||362||297||916||534|
|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|
|ProShares Ultra DJ-UBS Crude Oil||UCO US||348||100||(137)||187|
|Large Cap Growth Index-Linked ETN due 2028||FRLG US||460||4||492||77|
|iShares S&P GSCI Commodity-Indexed Trust||GSG US||1,250||20||(51)||66|
|ProShares Short VIX Short-Term Futures||SVXY US||411||131||1,051||41|
|SPDR Gold MiniShares Trust||GLDM US||308||4||283||36|
|FI Enhanced Global High Yield ETN||FIHD US||1,543||4||458||35|
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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.
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 www.etfgi.com to learn more.
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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
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