ETFGI reports that assets invested in ETFs and ETPs listed in US reached a new milestone of US$4.44 trillion at the end of January 2020

 

LONDONFebruary 14, 2020 — 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 gathered net inflows of US$41.90 billion at the end of January, which is  higher than the US$1.62 billion outflows gathered at this point last year. Assets invested in the US ETFs/ETPs industry have increased by 0.4%, from US$4.42 trillion at the end of December, to US$4.44 trillion, according to ETFGI's January 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • January net inflows of $41.90 billion are the 2nd highest behind January 2018 with $78.78 Bn and much higher than the $1.62 Bn of outflows in January 2019.
  • January 22nd marked the 27th anniversary of the listing of the first successful ETF in the U.S. – the SPDR S&P 500 ETF Trust ticker SPY

 

“During January the S&P 500 lost 0.04% as markets were affected by the Coronavirus (COVID-19) outbreak and offset any optimism on the trade talks with China.  Global equities as measured by the S&P Global BMI were also down 1.33% and the S&P Emerging BMI plummeted 4.3% as well.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
 

Growth in US ETF and ETP assets as of the end of January 2020
 

 

The ETFs and ETPs industry in the US had 2,366 ETFs/ETPs, from 158 providers on 3 exchanges at the end of January 2020.

At the end of January 2020, ETFs/ETPs in the US gathered net inflows of $41.90Bn. Equity ETFs/ETPs listed in US gathered net inflows of $19.94 Bn at the end of January, much greater than the $18.55 Bn in net outflows Equity products suffered in January 2019.  Fixed Income ETFs/ETPs listed in US attracted net inflows of $13.60 Bn at the end of January, lower than the $14.69 Bn in net inflows in January 2019. Commodity ETFs/ETPs reported inflows of $1.88 Bn, which is lower than the $2.08 Bn in net inflows in January 2019.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $32.37 Bn at the end of January, the iShares Core MSCI EAFE ETF (IEFA US) gathered $2.59 Bn alone.

Top 20 ETFs by net new assets January 2020: US

Name

Ticker

Assets
(US$ Mn)
 Jan-20

NNA
(US$ Mn)
 YTD-20

NNA
(US$ Mn)
 Jan-20

iShares Core MSCI EAFE ETF

IEFA US

74,956.79

2,585.78

2,585.78

Vanguard Total Stock Market ETF

VTI US

139,508.97

2,506.04

2,506.04

Vanguard Total Bond Market ETF

BND US

51,596.18

2,277.09

2,277.09

iShares Core S&P 500 ETF

IVV US

200,971.86

2,214.24

2,214.24

iShares Core U.S. Aggregate Bond ETF

AGG US

72,788.91

2,163.27

2,163.27

iShares MBS ETF

MBB US

23,300.50

2,027.77

2,027.77

iShares Trust iShares ESG MSCI USA ETF

ESGU US

3,391.61

1,956.27

1,956.27

Vanguard S&P 500 ETF

VOO US

132,425.32

1,930.25

1,930.25

Vanguard Intermediate-Term Corporate Bond ETF

VCIT US

28,165.35

1,887.02

1,887.02

Vanguard Small-Cap ETF

VB US

28,598.30

1,772.45

1,772.45

Vanguard FTSE Developed Markets ETF

VEA US

77,936.00

1,680.51

1,680.51

iShares MSCI EM ESG Optimized ETF

ESGE US

1,983.60

1,227.37

1,227.37

Industrial Select Sector SPDR Fund

XLI US

11,601.43

1,195.60

1,195.60

Vanguard Growth ETF

VUG US

49,019.07

1,124.24

1,124.24

Vanguard Total International Bond ETF

BNDX US

25,827.16

1,104.56

1,104.56

iShares 0-5 Year High Yield Corporate Bond ETF

SHYG US

4,627.37

1,066.00

1,066.00

Consumer Discretionary Select Sector SPDR Fund

XLY US

15,277.10

966.95

966.95

SPDR Portfolio S&P 500 Growth ETF

SPYG US

6,439.87

923.92

923.92

iShares 7-10 Year Treasury Bond ETF

IEF US

19,094.67

881.19

881.19

Vanguard Mid-Cap ETF

VO US

29,804.45

877.51

877.51

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The top 10 ETPs by net new assets collectively gathered $2.59 Bn at the end of January. The iShares Gold Trust
(IAU US)
gathered $597.49 Mn alone.

 

Top 10 ETPs by net new assets January 2020: US

Name

Ticker

Assets
(US$ Mn)
 Jan
-20

NNA
(US$ Mn)
YTD 2020

NNA
(US$ Mn)

Jan-20

iShares Gold Trust

IAU US

18,937.78

597.49

597.49

SPDR Gold Shares

GLD US

45,988.67

509.57

509.57

VelocityShares 3x Long Crude Oil ETN

UWT US

432.26

338.97

338.97

United States Oil Fund LP

USO US

1,290.47

313.67

313.67

United States Natural Gas Fund LP

UNG US

530.76

166.75

166.75

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

VXX US

1,104.84

158.83

158.83

ETRACS Alerian MLP Infrastructure Index ETN Series B

MLPB US

156.21

138.58

138.58

VelocityShares Daily 3x Long Natural Gas ETN

UGAZ US

642.34

134.68

134.68

ProShares Ultra DJ-UBS Crude Oil

UCO US

337.97

124.73

124.73

Aberdeen Physical Swiss Gold Shares

SGOL US

1,360.35

107.92

107.92

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

Contact [email protected] if you have any questions or comments on the press release or ETFGI events, research or consulting services.

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The summits are designed to provide the opportunity for institutional investors and financial advisors, to hear from the leading ETF issuers, banks, exchanges, law firms and others around the impact that market structure and regulations have on ETF product development for ESG and non-transparent active, due diligence, suitability, the use and trading, and technological developments have on ETFs.   

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Workshops - During the afternoon attendees will separated into small groups, to have the opportunity to discuss with their peers on a number of topics of importance relating to the use, implementation and trading of ETFs, as well as raise any questions with, and obtain guidance from, outside experts.
 
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ETFGI Global ETFs Insights Summit in Toronto on Dec 2, 2019  See the speakers, agenda, and sponsors for the Toronto summit here:    

Watch the highlights from the event at
https://www.etftv.net/highlights-etfgi-global-etfs-insights-summit-toronto/   Hear from:
Mario Cianfarani, CFA, Head of Institutional & Retirement Distribution, Vanguard Investments Canada
Carol Derk, Lawyer, Borden Ladner Gervais
Michael Greenberg, CFA, CAIA, Vice President, Portfolio Manager, Multi-Asset Solutions, Franklin Templeton
Ronald Landry, MBA CPA CGA, Head of Product and Canadian ETF Services, CIBC Mellon
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Jos Schmitt, President & CEO, Executive Director, NEO Exchange
Amol Sodhi, Vice President & Director, Asset Allocation, TD Asset Management

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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.
Episode 17 of ETF TV features Highlights from ETFGI Global ETFs Insights Summit Toronto.


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. 
 

Ms Fuhr was made a Fellow of CFA UK in January 2020, was the recipient of the ETF.com 2018 lifetime achievement award, 100 Women in Finance’s 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding and lasting contributions to the field of index investing, the Nate Most Greatest Contributor to the ETF industry award at the 11th annual ExchangeTradedFunds.com awards dinner in 2015, the ETF.com Lifetime achievement award in 2015.  She has been named as one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016, and as one of the “10 to Watch in 2014” by Rep. magazine and wealthmanagement.com. Ms Fuhr won the award for the Greatest Overall Contribution to the development of the Global ETF industry in the ExchangeTradedFunds.com survey in 2011 and 2008 and received an award for her contribution to the ETF sector at the annual closed end funds and ETF event in New York and was featured in the Investors Chronicle’s list of “150 people that can make you money” in 2010.    


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 5,600 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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