ETFGI reports assets in the global ETFs and ETPs industry which will turn 30 years old in March started the new decade with a record 6.35 trillion US dollars
LONDON — January 16, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today assets in the global ETFs and ETPs industry which will turn 30 years old on March 9th started the new decade with a record US$6.35 trillion. ETFs and ETPs listed globally gathered net inflows of US$93.97 billion at the end of December, bringing year-to-date net inflows to US$571.03 billion which is higher than the US$515.81 billion gathered at this point last year. Assets invested in the global ETFs/ETPs industry have increased by 3.8%, from US$6.12 trillion at the end of November, to US$6.35 trillion at the end of December, and increased 31.9% for the year, according to ETFGI's December 2019 Global 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 Global ETF/ETP industry reached a new record of $6.35 trillion at the end of December.
- The global ETFs industry will celebrate its 30th anniversary on March 9, 2020 – the listing of the first successful ETF in Canada
- The $93.97 billion in net inflows gathered in December is the 2nd highest monthly inflow on record.
- Year-to-date net inflows of $571.03 billion are the 2nd highest behind December 2017 with $653.26 billion
- Assets are up 31.9% year to date which is greater than the 18.6% CAGR over the past 10 years.
- Equity products have gathered more net inflows than fixed income products as of the end of December.
“Renewed optimism with easing trade tensions and accommodation from the U.S. Federal Reserve helped the S&P 500 gained 3.0% during December to close the year up 31.5%. The S&P Developed ex-U.S. BMI gained 3.7% during the month, concluding 2019 up 22.8%. The S&P Global BMI ended December and the year with favorable gains, up 3.6% and 26.8%, respectively. According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Global ETF and ETP assets as of the end of December 2019
At the end of December 2019, the Global ETFs/ETPs industry had 7,927 ETFs/ETPs, with 15,875 listings from 436 providers on 70 exchanges in 58 countries.
In December 2019, ETFs/ETPs gathered net inflows of $93.97 billion. Equity ETFs/ETPs listed globally gathered net inflows of $70.90 billion in December, bringing net inflows for 2019 to $286.23 billion, substantially less than the $362.34 billion in net inflows equity products had attracted by the end of December 2018. Fixed income ETFs/ETPs listed globally attracted net inflows of $20.17 billion in December, bringing net inflows for 2019 to $227.82 billion, considerably greater than the $107.29 billion in net inflows fixed income products had attracted by the end of December 2018. Commodity ETFs/ETPs reported $57 million in net inflows bringing net inflows for 2019 to
$18.51 billion, which is greater than the $1.01 billion in net intflows gathered through December 2018.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $39.35 billion at the end of December, the SPDR S&P 500 ETF Trust (SPY US) gathered $13.43 billion alone.
Top 20 ETFs by net new inflows December 2019: Global
|
Name |
|
Ticker |
Assets |
NNA |
NNA |
|
SPDR S&P 500 ETF Trust |
|
SPY US |
311,927.90 |
4,752.44 |
13,432.23 |
|
iShares Core U.S. Aggregate Bond ETF |
|
AGG US |
69,276.11 |
8,828.42 |
2,428.90 |
|
iShares Core MSCI Emerging Markets ETF |
|
IEMG US |
61,818.67 |
5,582.91 |
1,825.73 |
|
Harvest CSI Central-SOEs' Innovation Driven ETF |
|
515680 CH |
1,761.16 |
1,756.28 |
1,756.28 |
|
iShares MSCI Emerging Markets ETF |
|
EEM US |
29,483.09 |
(2,983.50) |
1,626.98 |
|
UBS ETF-MSCI Emerging Markets UCITS ETF A - Acc |
|
EMMUSC SW |
3,290.30 |
2,064.44 |
1,611.77 |
|
Samsung KODEX 200 ETF |
|
069500 KS |
8,062.43 |
1,262.35 |
1,532.49 |
|
iShares MSCI EAFE ETF |
|
EFA US |
64,279.55 |
(8,189.65) |
1,529.92 |
|
Vanguard Total Stock Market ETF |
|
VTI US |
136,225.52 |
15,095.66 |
1,516.81 |
|
Mirae Asset TIGER 200 ETF |
|
102110 KS |
4,501.75 |
955.40 |
1,460.29 |
|
Vanguard FTSE Developed Markets ETF |
|
VEA US |
78,516.89 |
1,758.58 |
1,252.27 |
|
Vanguard Total Bond Market ETF |
|
BND US |
48,481.39 |
9,806.60 |
1,216.84 |
|
iShares Core MSCI EAFE ETF |
|
IEFA US |
74,046.75 |
11,377.18 |
1,171.30 |
|
HFT SSE 5-year Local Government Bond ETF |
|
511060 CH |
1,118.92 |
1,108.35 |
1,108.35 |
|
SPDR Bloomberg Barclays High Yield Bond ETF |
|
JNK US |
11,460.36 |
4,062.78 |
1,108.07 |
|
Invesco QQQ Trust |
|
QQQ US |
87,066.53 |
2,980.77 |
1,070.13 |
|
NIPPON INDIA ETF BANK BEES |
|
BBEES IN |
1,042.28 |
1,039.35 |
994.32 |
|
iShares MBS ETF |
|
MBB US |
21,122.74 |
8,437.68 |
982.11 |
|
Vanguard High Dividend Yield Index Fund |
|
VYM US |
30,127.90 |
4,223.29 |
866.16 |
|
Vanguard FTSE 250 UCITS ETF |
|
VMID LN |
3,955.92 |
2,625.22 |
861.95 |
The top 10 ETPs by net new assets collectively gathered $1.31 billion in December. The iShares Physical Gold ETC (SGLN LN) gathered $390.26 million alone.
Top 10 ETPs by net new inflows December 2019: Global
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
iShares Physical Gold ETC |
SGLN LN |
6,959.35 |
1,760.20 |
390.26 |
|
Amundi Physical Metals PLC |
GOLD FP |
1,067.23 |
998.57 |
203.72 |
|
VelocityShares Daily 3x Long Natural Gas ETN |
UGAZ US |
875.82 |
1,481.59 |
164.76 |
|
United States Natural Gas Fund LP |
UNG US |
437.81 |
223.96 |
140.00 |
|
VelocityShares 3x Inverse Crude Oil ETN |
DWT US |
334.26 |
336.59 |
91.04 |
|
Xetra Gold EUR |
4GLD GY |
9,919.49 |
962.54 |
90.78 |
|
iShares Gold Trust |
IAU US |
17,628.53 |
3,806.71 |
76.50 |
|
iShares S&P GSCI Commodity-Indexed Trust |
GSG US |
775.46 |
(607.20) |
60.34 |
|
WisdomTree Physical Swiss Gold |
SGBS LN |
2,699.16 |
1,634.05 |
55.22 |
|
WisdomTree Natural Gas 3x Daily Leveraged |
3NGL LN |
63.42 |
95.78 |
38.37 |
Investors have tended to invest in core Equity and core Fixed Income ETFs during December.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
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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 watch episodes 1 - 12
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, sharing her views on the changing landscape of ESG application within the investment industry
Episode 12 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv,sharing her views on the regional differences in approach to supporting investment based on environmental, social and governance factors
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.
Episode 15 of ETF TV features Ivan Gilmore, head of exchange-traded products and global product development at the London Stock Exchange sees innovation in trading protocols and ESG products are transforming the ETF landscape, plus his thoughts on active vs passive and governance.
Episode 16 of ETF TV features Deborah Fuhr and Dan Barnes - The ETF Rule in the US will lead to many new issues in the market across 2020; the ‘non-transparent active’ ETFs – in reality as transparent as mutual funds, and better described as periodically-disclosed ETFs, will increase in number. New smart-beta strategies and launches of funds based on existing smart-beta strategies will also grow.
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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
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