ETFGI reports today that ETFs and ETPs listed in US suffered net outflows of US$3.36 billion in August 2019


LONDONSeptember 19, 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 US suffered net outflows of US$3.36 billion in August, bringing year-to-date net inflows to US$146.41 billion. Assets invested in the US ETF/ETP industry have decreased by 1.6%, from US$4.02 trillion at the end of July, to US$3.96 trillion, according to ETFGI's August 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 stood at $3.96 Trillion.
  • Asset invested in the US ETF/ETP industry decreased 1.6% in August.
  • August 2019, ETFs/ETPs listed in US suffered $3.36 Bn in net outflows.

 

“The S&P 500® slid 1.6% during August, which can be partially attributed to both the growing tensions stemming from the US/China trade talks, or lack thereof, and the sentiment placed on the inverted US yield curve. From an International standpoint, the S&P Developed Ex-U.S. BMI declined 2.5%, with the biggest decline coming out of Hong Kong (-8.0%), driven by recent protests. The S&P Emerging BMI fell 4.5% during the month, with only one riser, Egypt, up 10.5%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

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

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


At the end of August 2019, the US ETF/ETP industry had 2,284 ETFs/ETPs, from 150 providers listed on 3 exchanges.

In August 2019, ETFs/ETPs suffered net outflows of $3.36 Bn.  Equity ETFs/ETPs listed in US suffered the largest net outflows of $22.23 Bn in August, bringing YTD net inflows for 2019 to $42.69 Bn, considerably less than the $109.44 Bn in net inflows Equity products had attracted for the corresponding period to August 2018.  Fixed Income ETFs/ETPs listed in US attracted net inflows of $10.86 Bn in August, bringing YTD net inflows for 2019 to $83.96 Bn, substantially more than the $51.50 Bn in net inflows for the corresponding period to August 2018. Commodity ETFs/ETPs gathered $4.07 Bn, bringing the YTD net inflows to $6.56 Bn for 2019, which is significantly greater than the $3.55 Mn in net outflows for the corresponding period to August 2018.

 

Substantial inflows can be attributed to the top 20 ETF's by net new assets, which collectively gathered $22.86 Bn in August, the iShares Core S&P 500 ETF gathered $2.52 Bn alone.

Top 20 ETFs by net new assets August 2019: US

Name

Ticker

Assets
(US$ Mn)
 Aug-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
 Aug-19

iShares Core S&P 500 ETF

IVV US

179912.35

7,392.51

2515.30

iShares MSCI USA Minimum Volatility ETF

USMV US

33374.93

9,576.11

2185.55

Vanguard S&P 500 ETF

VOO US

119178.51

13,741.30

2007.66

iShares 7-10 Year Treasury Bond ETF

IEF US

18826.02

7,307.91

1665.53

iShares US Treasury Bond ETF

GOVT US

14124.61

6,416.41

1523.22

Vanguard Total Bond Market ETF

BND US

44980.53

5,643.73

1493.81

Consumer Staples Select Sector SPDR Fund

XLP US

13821.94

2,288.46

1329.46

iShares 1-3 Year Treasury Bond ETF

SHY US

17996.58

(3,252.72)

1113.90

Schwab US TIPS ETF

SCHP US

8125.97

1,849.17

1021.56

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

ITOT US

22117.64

4,257.11

911.63

Vanguard Total Stock Market ETF

VTI US

116896.30

7,142.55

884.63

iShares Broad USD High Yield Corporate Bond ETF

USHY US

2272.37

1,871.50

825.22

PIMCO Enhanced Short Maturity Strategy Fund

MINT US

12661.80

372.86

804.35

Vanguard Total International Bond ETF

BNDX US

20390.38

5,746.60

787.37

iShares 20+ Year Treasury Bond ETF

TLT US

17028.39

5,492.93

783.21

JPMorgan Ultra-Short Income ETF

JPST US

8377.03

3,211.34

736.31

SPDR Portfolio Aggregate Bond ETF

SPAB US

4907.58

1,019.87

595.62

Vanguard Total International Stock Index Fund ETF

VXUS US

14100.16

3,297.60

587.85

Schwab US Large-Cap ETF

SCHX US

17785.96

1,862.79

549.20

Vanguard Short-Term Inflation-Protected Securities Index Fund

VTIP US

6837.22

829.87

540.74

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 $4.39 Bn in August. The SPDR Gold Shares gathered $2.66 Bn alone.


Top 10 ETPs by net new assets August 2019:US

Name

Ticker

Assets
(US$ Mn)
 Aug
-19

NNA
(US$ Mn)
YTD 2019

NNA
(US$ Mn)

Aug-19

SPDR Gold Shares

GLD US

43146.20

4,438.10

2663.07

iShares Gold Trust

IAU US

16029.11

2,162.02

896.76

iShares Silver Trust

SLV US

7133.62

1,171.92

542.17

Aberdeen Physical Swiss Gold Shares

SGOL US

1104.30

93.48

65.40

Large Cap Growth Index-Linked Exchange Traded Notes due 2028

FRLG US

1077.92

475.68

58.12

Invesco DB US Dollar Index Bullish Fund

UUP US

349.63

(163.08)

42.40

United States Natural Gas Fund LP

UNG US

322.51

67.60

38.43

VelocityShares 3x Inverse Crude Oil ETN

DWT US

173.45

143.49

36.43

FI Enhanced Global High Yield ETN

FIHD US

2005.45

313.14

23.75

ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN Series B

MRRL US

169.51

138.03

23.55

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

 

Investors have tended to invest in Various Fixed Income US Exposure and Gold ETFs and ETPs.

 

Please contact [email protected] if you have any questions, suggestions or would like to discuss subscribing  to any of ETFGI’s research or consulting services.

 

 


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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
 
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ETFGI is an independent research, event and consultancy firm launched in 2012 in London by Deborah Fuhr.  The firm offers paid for subscription research services, consulting services and events covering trends in the global ETF industry. ETFGI’s services are unique in their breadth and depth of coverage starting with the basic annual subscription service which provides monthly Global Industry Insight Landscape reports covering flows, trends and rankings in each region of the world where ETFs, ETPs are listed, a monthly directory and access to a database with fact sheets for all products listed and cross listed globally plus you receive insights from us. Visit www.etfgi.com to learn more. 


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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. 
 
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