ETFGI reports assets invested in the US ETF and ETP industry reached a record US$3.74 trillion at the end of February 2019

Press Release

LONDONMarch 13, 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 gathered net inflows of US$23.53 billion in February, bringing year-to-date net inflows to US$21.97 billion. Assets invested in the US ETF/ETP industry finished the month up 3.12%, from US$3.63 trillion at the end of January, to US$3.74 trillion, according to ETFGI's February 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 reach $3.74 Tn in February 2019, the highest on record.
  • Assets invested in the US ETF/ETP industry rise 3.12% in February.
  • During February 2019, ETFs/ETPs listed in the US attracted US$23.53 Bn in net inflows.

“Throughout February markets pushed higher, resulting in the markets best start to the year since ’96, with major US indices comfortably erasing any hangover felt from the Q4 ’18 market rout. US-China trade talks appeared to have made good progress while Brexit stalled even with the 29th march deadline looming. Central banks in the developed economies have maintained an accommodative stance to ease growth slowdown fears, with the US Federal Reserve reiterating their new ‘patient’ policy stance. The S&P 500 was up 3.21% by the end of February bringing year-to-date returns to 11.48%, similarly the S&P Europe 350 was up 3.45% for the month, with year-to-date returns of 9.89%. The Topix 150 finished February up 0.33%, with year-to-date returns of 7.62%. Emerging and frontier markets saw more modest gains, finishing February up 0.74% and 2.62%, bringing year-to-date returns to 8.56% and 7.35%, respectively.” according to Deborah Fuhr, managing partner and founder of ETFGI.  

At the end of February 2019, the US ETF/ETP industry had 2,253 ETFs/ETPs, from 147 providers listed on 3 exchanges. Following net inflows of $23.53 Bn and market moves during the month, assets invested in the US ETF/ETP industry increased by 3.12% from $3.39 Tn at the end of January, to $3.74 Tn.

 

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

Equity ETFs/ETPs listed in the US attracted net inflows of $15.79 Bn in February, bringing net outflows for 2019 to $2.71 Bn, less than the $$51.91 Bn in net inflows equity products had gathered by the end of February 2018. Fixed income ETFs/ETPs listed in the US attracted net inflows of $7.43 Bn in February, bringing net inflows for 2019 to $22.12 Bn, considerably greater than the $8.60 Bn in net inflows fixed income products had gathered by the end of February 2018.
 

Substantial inflows can be attributed to the top 20 ETF's by net new assets, which collectively gathered $23.46 Bn in February, the SPDR S&P 500 ETF Trust (SPY US) gathered $3.09 Bn alone.


Top 20 ETFs by net new assets February 2019: US

Name

Ticker

Assets
(US$ Mn)
 Feb-19

NNA
(US$ Mn)
YTD 2019

NNA
(US$ Mn)
Feb-19

SPDR S&P 500 ETF Trust

SPY US

262,427

(5,156)

3,094

Vanguard Total International Bond ETF

BNDX US

15,855

2,561

2,151

iShares MBS ETF

MBB US

15,592

3,219

1,722

Vanguard Real Estate ETF

VNQ US

32,604

1,467

1,664

iShares 7-10 Year Treasury Bond ETF

IEF US

13,218

3,053

1,620

Vanguard FTSE Emerging Markets ETF

VWO US

62,465

2,282

1,620

iShares MSCI USA Minimum Volatility ETF

USMV US

23,506

2,551

1,510

iShares Core S&P Total U.S. Stock Market ETF

ITOT US

18,472

1,383

1,204

iShares 20+ Year Treasury Bond ETF

TLT US

10,951

2,274

980

iShares U.S. Real Estate ETF

IYR US

4,542

706

925

iShares iBoxx $ Investment Grade Corporate Bond ETF

LQD US

32,522

1,966

881

iShares iBoxx $ High Yield Corporate Bond ETF

HYG US

15,342

1,342

834

iShares Core U.S. Aggregate Bond ETF

AGG US

58,021

517

803

iShares Core MSCI Emerging Markets ETF

IEMG US

58,655

5,005

769

iShares J.P. Morgan USD Emerging Markets Bond ETF

EMB US

17,400

2,420

721

iShares Core S&P Small-Cap ETF

IJR US

44,754

1,618

625

Schwab Short-Term US Treasury ETF

SCHO US

5,445

1,183

606

iShares MSCI Emerging Markets ETF

EEM US

33,979

2,474

592

Invesco S&P 500 Low Volatility ETF

SPLV US

9,722

835

570

Oppenheimer Russell 1000 Dynamic Multifactor ETF

OMFL US

840

570

565

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

The top 10 ETP's by net new assets collectively gathered $1.64 Bn in February, the VelocityShares Daily 2x VIX Short Term ETN (TVIX US) gathered $364.93 Mn alone.


Top 10 ETPs by net new assets February 2019: US

Name

       Ticker

Assets
(US$ Mn)
 Feb-19

NNA
(US$ Mn)
YTD 2018

 

NNA
(US$ Mn)
Feb-19

VelocityShares Daily 2x VIX Short Term ETN

TVIX US

612

474

365

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

VXXB US

669

595

316

iShares Gold Trust

IAU US

12,701

810

299

ProShares Ultra VIX Short-Term Futures

UVXY US

472

464

220

SPDR Gold MiniShares Trust

GLDM US

639

228

122

Large Cap Growth Index-Linked Exchange Traded Notes due 2028

FRLG US

619

133

102

VelocityShares Daily 3x Long Natural Gas ETN

UGAZ US

584

359

95

United States Natural Gas Fund LP

UNG US

337

31

57

FI Enhanced Global High Yield ETN

FIHD US

1,709

70

36

ProShares VIX Short-Term Futures ETF

VIXY US

169

83

33

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

 

Investors have tended to invest in large cap ETFs in February.

 
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 covering the global ETF industry. 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 4,700 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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