ETFGI reports assets invested in US listed ETFs and ETPs rise to US$3.63 trillion at the end of January 2019

Press Release

LONDONFebruary 20, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the US saw net outflows of US$1.56 billion in January. Assets invested in the US ETF/ETP industry finished the month up 6.95%, from US$3.39 trillion at the end of December, to US$3.63 trillion, according to ETFGI's January 2019 US ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • Assets invested in the US ETF/ETP industry rise 6.95% in January.
  • During January 2019, ETFs/ETPs listed in the US saw $1.56 Bn in net outflows.
  • SPY US, arguably the most famous ETF listed, celebrated its 26th anniversary on 22nd Jan.

“In January, equity markets rebounded from the Q4 ’18 downward spiral that few managed to avoid unscathed. Fed chair Powell revised his stance on where he believes the neutral rate of interest lies, easing fears of a dramatic and painful tightening cycle. Energy declines during the Q4 rout subdued inflation in developed economies taking hiking pressure off central banks while provided stimulus to consumers and businesses, giving stronger core metrics. The S&P 500 finished January up 8.01%, the best January since 1987, while the S&P Topix 150 gained 7.26% and the S&P Europe 350 gained 6.23%. Emerging and Frontier markets were up 7.77% and 4.61% respectively, hampered by dollar strength.” according to Deborah Fuhr, managing partner and founder of ETFGI.

At the end of January 2019, the US ETF/ETP industry had 2,263 ETFs/ETPs, from 148 providers listed on 3 exchanges. Following net outflows of US$1.56 Bn and market moves during the month, assets invested in the US increased by 6.95% from $3.39 Tn at the end of December, to $3.63 Tn.

 

Growth in US ETF and ETP assets as of the end of January 2019

 

 

Equity ETFs/ETPs listed in the US saw net outflows of $18.49 Bn in January, bringing net outflows for 2019 to $18.49 Bn, substantially less than the $64.89 Bn in net inflows equity products had attracted by the end of January 2018. Fixed income ETFs/ETPs listed in the US attracted net inflows of $14.69 Bn in January, bringing net inflows for 2019 to $14.69 Bn, considerably greater than the $8.23 Bn in net inflows fixed income products had attracted by the end of January 2018.
 

Substantial inflows can be attributed to the top 20 ETF's by net new assets, which collectively gathered $30,893 Bn in January, the iShares Core MSCI Emerging Markets ETF (IEMG US) gathered $4.24 Bn alone.


Top 20 ETFs by net new assets January 2019: US

Name

Ticker

Assets
(US$ Mn)
 Jan-19

NNA
(US$ Mn)
YTD 2018

NNA
(US$ Mn)
Jan-19

iShares Core MSCI Emerging Markets ETF

IEMG US

57,728

4,236

4,236

Vanguard Short-Term Corporate Bond ETF

VCSH US

23,505

3,032

3,032

Vanguard Intermediate-Term Corporate Bond ETF

VCIT US

21,300

2,647

2,647

iShares MSCI Emerging Markets ETF

EEM US

33,348

1,882

1,882

iShares Edge MSCI USA Quality Factor ETF

QUAL US

9,139

1,756

1,756

iShares J.P. Morgan USD Emerging Markets Bond ETF

EMB US

16,579

1,699

1,699

Vanguard S&P 500 ETF

VOO US

99,406

1,599

1,599

iShares MBS ETF

MBB US

13,919

1,497

1,497

SPDR Bloomberg Barclays High Yield Bond ETF

JNK US

8,584

1,485

1,485

iShares 7-10 Year Treasury Bond ETF

IEF US

11,671

1,433

1,433

iShares 20+ Year Treasury Bond ETF

TLT US

10,130

1,294

1,294

Vanguard Total Stock Market ETF

VTI US

102,788

1,103

1,103

iShares iBoxx $ Investment Grade Corporate Bond ETF

LQD US

31,731

1,085

1,085

iShares MSCI USA Minimum Volatility ETF

USMV US

21,172

1,041

1,041

iShares Core S&P Small-Cap ETF

IJR US

42,269

993

993

iShares US Treasury Bond ETF

GOVT US

7,952

991

991

Communication Services Select Sector SPDR Fund

XLC US

4,089

983

983

WisdomTree Floating Rate Treasury Fund

USFR US

2,018

842

842

Vanguard FTSE Emerging Markets ETF

VWO US

60,452

662

662

SPDR Bloomberg Barclays Short Term High Yield Bond ETF

SJNK US

3,179

631

631

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon 

Similarly, the top 10 ETPs by net new assets collectively gathered $3,381 Mn by the end of January 2019, with the SPDR Gold Shares (GLD US) gathering $1.51 Bn. 


Top 10 ETPs by net new assets December 2018: US

Name

       Ticker

Assets
(US$ Mn)
 Jan-19

NNA
(US$ Mn)
YTD 2018

 

NNA
(US$ Mn)
Jan-19

SPDR Gold Shares

GLD US

34,069

1,514

1,514

iShares Gold Trust

IAU US

12,442

511

511

iPath Series B S&P 500 VIX Short-Term Futures ETN

VXXB US

419

280

280

VelocityShares Daily 3x Long Natural Gas ETN

UGAZ US

493

265

265

ProShares Ultra VIX Short-Term Futures

UVXY US

322

244

244

Invesco CurrencyShares Japanese Yen Trust

FXY US

417

240

240

VelocityShares Daily 2x VIX Short Term ETN

TVIX US

362

109

109

SPDR Gold MiniShares Trust

GLDM US

518

106

106

VelocityShares 3x Inverse Crude Oil ETN

DWT US

90

64

64

ProShares VIX Short-Term Futures ETF

VIXY US

155

50

50

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 

Investors have tended to invest in emerging market and fixed income ETFs in January.

 
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, Founder, ETFGI website www.etfgi.com
 
About ETFGI 
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


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Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: [email protected] 
Web: www.etfgi.com 

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