ETFGI reports assets invested in ETFs and ETPs listed in US reached a new record high of 4.15 trillion US Dollars at the end of October 2019

LONDONNovember 13, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in US gained net inflows of US$26.39 billion in October, bringing year-to-date net inflows to US$222.51 billion which is slightly more than the US$219.17 billion gathered at this point in 2018.  Assets invested in the US ETFs/ETPs industry have increased by 2.6%, from US$4.05 trillion at the end of September, to US$4.15 trillion, according to ETFGI's October 2019 US ETFs and ETPs 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 ETFs/ETPs industry reached a new high record of $4.15 trillion.
  • Asset invested in the US ETFs/ETPs industry increased 2.6% in October.
  • In October 2019, ETFs/ETPs listed in US attracted $26.39 billion in net inflows.

“The Fed rate cut and the looming hope for an agreement between US-China shaped a favourable investment environment in equity markets globally which led the S&P 500® to gain 3.2% during October. International markets also gained, with the S&P Developed Ex-U.S. and the S&P Emerging BMI both up 4%.  The better performance of the Equity Markets reflected into a new record high of $4.15 trillion and higher inflows of ETFs/ETPs exposed to Equity Indices rather than Fixed Income.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

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

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At the end of October 2019, the US ETFs/ETPs industry had 2,320 ETFs/ETPs, from 151 providers on 3 exchanges.

In October 2019, ETFs/ETPs gathered net inflows of $26.39 billion. Equity ETFs/ETPs listed in US gathered net inflows of $9.26 billion in October, bringing YTD net inflows for 2019 to $83.83 billion, less than the $143.93 billion in net inflows Equity products had attracted for the corresponding period to October 2018.  Fixed Income ETFs/ETPs listed in US attracted net inflows of $12.43 billion in October, bringing YTD net inflows for 2019 to $108.82 billion, substantially more than the $51.29 billion in net inflows for the corresponding period to October 2018. Commodity ETFs/ETPs gathered $276 billion, bringing the YTD net inflows to $9.72 billion for 2019, which is significantly greater than the $3.06 billion in net outflows for the corresponding period to October 2018.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $19.62 billion in October, the Vanguard Total Stock Market ETF (VTI US) gathered $2.53 billion alone.

Top 20 ETFs by net new assets October 2019: US

Name

Ticker

Assets
(US$ Mn)
 Oct-19

NNA
(US$ Mn)
 YTD-19

NNA
(US$ Mn)
 Oct-19

Vanguard Total Stock Market ETF

VTI US

        126,893.37

   12,659.24

    2,532.28

iShares MSCI USA Minimum Volatility ETF

USMV US

         36,591.52

   12,701.27

    1,509.48

iShares Edge MSCI USA Quality Factor ETF

QUAL US

         13,475.16

     4,758.23

    1,445.19

iShares US Treasury Bond ETF

GOVT US

         15,221.38

     7,674.81

    1,354.52

Vanguard Total Bond Market ETF

BND US

         46,385.98

     7,691.78

    1,196.09

Financial Select Sector SPDR Fund

XLF US

         24,270.58

   (2,818.38)

    1,160.47

Vanguard Total International Bond ETF

BNDX US

         23,377.24

     9,530.43

    1,072.02

iShares MSCI Japan ETF

EWJ US

         12,898.20

   (4,070.55)

    1,013.97

Vanguard Value ETF

VTV US

         52,020.56

     3,515.90

    1,006.21

iShares iBoxx $ High Yield Corporate Bond ETF

HYG US

         19,059.19

     4,886.09

       896.97

iShares MBS ETF

MBB US

         19,602.30

     6,721.63

       788.60

iShares Gold Trust

IAU US

         17,338.09

     3,652.68

       701.57

Vanguard Dividend Appreciation ETF

VIG US

         39,596.94

     3,622.52

       689.03

Vanguard Total International Stock Index Fund ETF

VXUS US

         16,325.35

     4,662.73

       660.92

First Trust Value Line Dividend Index Fund

FVD US

           8,571.06

     3,144.60

       651.68

JPMorgan Ultra-Short Income ETF

JPST US

           9,494.28

     4,323.88

       625.68

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

ITOT US

         23,913.48

     5,296.99

       616.99

iShares Core MSCI Total International Stock ETF

IXUS US

         17,375.90

     3,593.85

       588.90

iShares Intermediate-Term Corporate Bond ETF

IGIB US

           8,950.48

     3,051.83

       578.62

Vanguard Intermediate-Term Corporate Bond ETF

VCIT US

         25,778.84

     5,223.04

       527.52

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The top 10 ETPs by net new assets collectively gathered $1.80 billion in October. The iShares Gold Trust (IAU US)

gathered $702 million alone.

Top 10 ETPs by net new assets October 2019:US

Name

Ticker

Assets
(US$ Mn)
 Oct
-19

NNA
(US$ Mn)
YTD 2019

NNA
(US$ Mn)

Oct-19

iShares Gold Trust

IAU US

17,338.09

3,652.68

701.57

VelocityShares Daily 2x VIX Short Term ETN

TVIX US

1,061.99

1,798.46

343.75

VelocityShares Daily 3x Long Natural Gas ETN

UGAZ US

981.48

844.95

305.53

ProShares Ultra VIX Short-Term Futures

UVXY US

577.22

843.26

115.82

Aberdeen Physical Swiss Gold Shares

SGOL US

1,185.96

187.85

93.87

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

VXX US

928.36

1,095.10

69.46

VelocityShares 3x Long Crude Oil ETN

UWT US

373.40

(311.81)

52.53

SPDR Gold MiniShares Trust

GLDM US

1,113.91

591.24

44.76

United States Natural Gas Fund LP

UNG US

315.71

32.24

40.32

ProShares VIX Short-Term Futures ETF

VIXY US

290.45

287.26

36.65

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 Investors have tended to invest in Fixed Income and Equity ETFs.

 

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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Register now to join the discussion with leading ETF issuers, investors, traders, analysts, regulators, and lawyers – at the ETFGI Global ETFs Insights Summit on December 2nd from 8am – 4:45pm in Toronto at the St Regis Toronto hotel.  

 

ETFGI Global ETFs Insights Summit Toronto qualifies for 6 FP Canada-Approved CE Credits. Complimentary registration is available for buyside institutional investors and financial advisors including traders, portfolio managers and fund selectors.  Register here. Attendees will receive a complimentary copy of the CFA Institute's book: "A comprehensive Guide to Exchange Traded Funds (ETFs)"

The event is designed to facilitate a discussion around the impact regulations and market structure developments are having on the ETF selection, portfolio construction, trading and product development of ETFs.

Our speaker list is continuously growing.  
View our events page to see the current list of confirmed speakers:

Mario Cianfarani, CFA, Head of Institutional & Retirement Distribution, Vanguard Investments Canada

Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission

Prerna Chandak, VP ETF Product & Strategy, Mackenzie Investments
Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments
Carol E. Derk, Lawyer, Borden Ladner Gervais
Deborah Fuhr, Managing Partner, Founder, ETFGI

Camilo Gil, Executive Director, CIBC Capital Markets

Kevin Gopaul, Global Head Exchange Traded Funds, BMO Global Asset Management

Katie Gouinlock, Head of Canada ETF Capital Markets, Vanguard Investments Canada
Margaret Gunawan, MD, Head of Canada Legal & Compliance, BlackRock
Steve Hawkins, Board Vice Chair CETFA, President & CEO, Horizons ETFs

Naseem Husain, VP ETF Strategist, Mackenzie Investments
Ronald C. Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Lisa Lake Langley, CEO & Founder, Emerge Capital Management
Jin Li, Vice President, ETF & Quantitative Research Analyst | Equity Research, BMO Capital Markets
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial

Amol Sodhi, Vice President & Director, Asset Allocation, TD Asset Management

Daniel Straus, PhD, M.Fin., Vice President, ETFs & Financial Products Research National Bank of Canada Financial Markets
Mary Jane Young, Head of ETF Trading, Director, TD Securities 
Jos Schmitt, President & CEO, Executive Director, NEO Exchange

 
Afternoon workshop: during the afternoon attendees will separated into small groups, participants will have the opportunity to discuss with their peers several topics of importance relating to ETFs, as well as raise any questions with, and obtain guidance from, outside experts.
 

The ETFGI Global ETFs Insights Summits 2020 schedule is:


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ETFGI Global ETFs Insights Summit Toronto qualifies for 6 FP Canada-Approved CE Credits.

 

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Thank you to our sponsors, speakers and media partners.                             

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ETF TV is a new show which provides insights into the use, trading, regulatory and product development trends for exchange traded funds ETFs and exchange traded products ETPs.  Go to www.ETFtv.net to view

 

Episode 1 ETF TV views from industry leaders in Europe

Episode 2 ETF TV Tara O'Reilly on the regulatory environment for ETFs 

Episode 3 ETF TV Dan Draper of Invesco picks out the key future trends to watch in the ETF market 

Episode 4 ETF TV Dr Xiaolin Chen of KraneShares explains ETF use in institutional investment and for access to China

Episode 5 ETF TV ETF market structure and trading protocols are evolving approaches to investment Tom Digby, Head of EMEA ETF Client Trading at Invesco

Episode 6 ETF TV Ciarán Fitzpatrick, Managing Director, Head of ETF Servicing Europe at State Street discuss generating alpha with ETFs  

Episode 7 of ETF TV features Eric M. Pollackov Global Head of ETF Capital Markets at Invesco sharing his views on active and passive investing being a collaboration of capabilities, the need for education and innovations developing in non-transparent active and Crypto ETPs
Episode 8 of ETF TV features Shaun Baskett, Director Index Sales at Cboe Europe sharing his views on the role of regulation, trade transparency and liquidity for ETFs
Episode 9 of ETF TV features Sergey Dolomanov, Partner at WILLIAM FRY sharing his views on the value of ETFs being the delivery of better value and choice for investors and the development of active and ESG strategies with Hamish McArthur of ETF TV and Deborah Fuhr of ETFGI 
Episode 10 of ETF TV features Jim Goldie, head of ETF Capital Markets (EMEA) at Invesco, sharing his views on the growth in the use of fixed income ETFs, how they can have tighter spreads than the index and provide cost efficient execution, with Hamish McArthur of ETF TV
Episode 11 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv, discussing how to define sustainable investment opportunities and the changing landscape of ESG application within the investment industry
Episode 12 of ETF TV part 2 of the Difference in US and European approaches to ESG should not inhibit growth interview with Elena Philipova, global head of ESG proposition at Refinitiv with Deborah Fuhr, Managing Partner of ETFGI and co-founder of ETF TV
Episode 13 of ETF TV   features Tom Stephens, head of international ETF Capital Markets at JP Morgan Asset Management, Active ETFs will be the next level.  The use of fixed income exchange-traded funds for long term investment as well as for shorter term liquidity management and portfolio transitions
Episode 14 of ETF TV episode features Manuela Sperandeo, EMEA head of smart beta, sustainable and thematic ETFs at BlackRock explains how to define the category, assess it in the context of investment strategy, and to implement it in practicality

 

Please contact us if you are interested in sponsoring a mini segment or a full episode.

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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 the ETF.com’s 2018’s Lifetime Achievement Award, 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 5,300 members, including women and men, in chapters in major financial centers 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

Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: 
[email protected] 
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