ETFGI reports assets invested in actively managed ETFs and ETPs listed globally attract inflows of US$628 million during December
LONDON — January 30, 2019 — 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$628 million during December. Total assets invested in the global actively managed ETF and ETP industry fell 2.39% by the end of the month, from US$109 billion at the end of November, to US$107 Bn, according to ETFGI’s December 2018 Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
- During 2018, assets invested in the Active ETF/ETP industry have increased 33.65%.
- Net new assets gathered by actively managed ETFs and ETPs listed globally were $628 Mn in December.
- Actively managed funds in the US and Canada continue to grow in popularity.
“The end of 2018 saw the trend in developed markets reverse, and although arguably predictable, the severity left many pundits scratching their heads. This end of year stress has widely been attributed to the disruption caused by trade disputes feeding into economic data, and the view policy makers are not going to be quite as accommodating as initially expected. The S&P 500 returned -9.03% during December, and down -4.38% for 2018. Developed markets ex-US fell -4.62% during December, led by Japan and Canada, bringing the yearly return to -13.21%. Relatively speaking, EM and FM fared the month better, returning -2.68% and -3.15%, finishing 2018 -13.53% and -11.82%, respectively” according to Deborah Fuhr, managing partner and founder of ETFGI.
At the end of December 2018, the actively managed ETF/ETP industry had 621 ETFs/ETPs, with 800 listings, assets of $107 Bn, from 128 providers listed on 20 exchanges. Following net inflows of $628 Mn and market moves during the month, assets invested in actively managed ETFs/ETPs listed globally decreased by 2.39%, from $109.40 Bn at the end of November, to $106.79 Bn.
Growth in actively managed ETF and ETP assets as of the end of December 2018
Equity focused actively managed ETFs/ETPs listed globally saw net outflows of $180 Mn in December, bringing net inflows for 2018 to $6.18 Bn, less than the $7.18 Bn in net inflows at this point last year. Fixed income focused, actively managed ETFs and ETPs listed globally saw net inflows of $757 Bn, growing net inflows for 2018 to $25.19 Bn, greater than the $17.15 Bn in net inflows at this point last year.
Substantial inflows during December can be attributed to the top 20 actively managed ETFs/ETPs by net new assets, which collectively gathered $2.91 Bn. The JPMorgan Ultra-Short Income ETF (JPST US) continued to attract the largest monthly inflows, holding its place at the top of the leader board for the 3rd consecutive month, gathering $719 Mn in December alone.
Top 20 actively managed ETFs/ETPs by net new assets December 2018
|JPMorgan Ultra-Short Income ETF||JPST US||5,129||5,065||719|
|First Trust Enhanced Short Maturity Fund||FTSM US||4,062||2,632||571|
|iShares Short Maturity Bond ETF||NEAR US||5,897||3,046||269|
|Invesco Ultra Short Duration ETF||GSY US||2,048||989||246|
|iShares Liquidity Income ETF||ICSH US||878||736||190|
|First Trust Low Duration Mortgage Opportunities ETF||LMBS US||2,041||1,093||132|
|SPDR DoubleLine Total Return Tactical ETF||TOTL US||2,968||(497)||115|
|PIMCO Enhanced Short Maturity Strategy Fund||MINT US||12,194||4,000||99|
|PGIM Ultra Short Bond ETF||PULS US||180||180||61|
|First Trust TCW Opportunistic Fixed Income ETF||FIXD US||415||170||54|
|Hartford Total Return Bond ETF||HTRB US||503||482||54|
|First Trust North American Energy Infrastructure Fund||EMLP US||2,099||133||52|
|SPDR SSgA Ultra Short Term Bond ETF||ULST US||156||133||48|
|Janus Short Duration Income ETF||VNLA US||844||645||47|
|iShares Premium Money Market Fund||CMR CN||252||181||46|
|WisdomTree Managed Futures Strategy Fund||WTMF US||258||99||46|
|PIMCO Total Return Active Exchange-Traded Fund||BOND US||1,989||(118)||41|
|Innovator S&P 500 Ultra Buffer ETF||UJUL US||44||44||39|
|PIMCO Monthly Income Fund||PMIF CN||585||414||39|
|Aberdeen Standard Bloomberg All Commodity Strategy K-1 Free ETF||BCI US||196||146||39|
Investors have tended to invest short duration, fixed income ETFs during December.
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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, 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” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 4,500 members, including women and men, in chapters in major financial centres around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com