ETFGI reports ETFs and ETPs listed in the U.S. gained net inflows of US$10.15 billion in February bring year-to-date net inflows to US$52.05 billion


LONDONMarch 16, 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 gained net inflows of US$10.15 billion during February, bringing year-to-date net inflows to US$52.05 billion which is higher than the US$21.93 billion inflows gathered at this point last year. Assets invested in the US ETFs/ETPs industry have decreased by 5.9%, from US$4.44 trillion at the end of January, to US$4.18 trillion, according to ETFGI's February 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

  • At the end of February 2020, ETFs/ETPs listed in US attracted $10.15 billion in net inflows with Fixed Income products dominating all other asset classes.
  • Year-to-date net inflows of $52.05 billion are higher than the $21.93 billion had gathered by end of February 2019.
  • Assets of $4.18 trillion invested in the US ETFs/ETPs industry are the 4th largest on record.
     

At the end of February, the S&P 500 was down 8.2% as coronavirus cases continued to spread and the potential economic impact weighed on investors and the markets.   Outside the U.S., the S&P Developed ex-U.S. BMI declined nearly 9.0%.  The S&P Emerging BMI lost 5.1% during the month. Global equities as measured by the S&P Global BMI ended down 8.1% with 49 of 50 included country indices down, while China gained 0.9%.”  According to Deborah Fuhr, managing partner, founder and owner of ETFGI.


Growth in US ETF and ETP assets as of the end of February 2020 – see the chart at www.ETFGI.com
 

At the end of February 2020, the US ETFs/ETPs industry had 2,350 ETFs/ETPs, from 158 providers on 3 exchanges.

At the end of February 2020, ETFs/ETPs gathered net inflows of $10.15 billion. Equity ETFs/ETPs listed in US reported net outflows of $7.49 billion during February, bringing YTD net inflows for 2020 to $12.45 billion, which is much greater than the $2.74 billion in net outflows Equity products suffered for the corresponding period in 2019.  Fixed Income ETFs/ETPs listed in US attracted net inflows of $10.71 billion during February, bringing YTD net inflows for 2020 to $24.31 billion, slightly higher than the $22.12 billion in net inflows for the corresponding period in 2019. Commodity ETFs/ETPs reported net inflows of $2.43 billion, bringing the YTD net inflows to
$4.31 billion for 2020, which is higher than the $471 million in net inflows year to date 2019.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $34.26 billion at the end of February, the iShares Core S&P 500 ETF (IVV US) gathered $6.88 billion alone.

Top 20 ETFs by net new assets February 2020: US

Name

Ticker

Assets
(US$ Mn)
 Feb-20

NNA
(US$ Mn)
 YTD-20

NNA
(US$ Mn)
 Feb-20

iShares Core S&P 500 ETF

IVV US

  190,417.60

  9,097.11

  6,882.87

Vanguard S&P 500 ETF

VOO US

  129,191.01

  5,279.51

  3,349.26

Vanguard Total Stock Market ETF

VTI US

  130,322.87

  5,368.43

  2,862.39

iShares Core U.S. Aggregate Bond ETF

AGG US

   76,410.61

  4,602.55

  2,439.28

iShares 7-10 Year Treasury Bond ETF

IEF US

   21,479.46

  2,677.01

  1,795.82

Vanguard Total Bond Market ETF

BND US

   54,284.29

  4,014.69

  1,737.60

Vanguard FTSE Developed Markets ETF

VEA US

   73,846.64

  3,414.21

  1,733.70

Invesco QQQ Trust

QQQ US

   84,631.00

     401.03

  1,395.04

Vanguard Intermediate-Term Corporate Bond ETF

VCIT US

   29,785.60

  3,210.54

  1,323.52

SPDR Bloomberg Barclays Mortgage Backed Bond ETF

SPMB US

     2,136.70

  1,356.42

  1,275.16

Consumer Staples Select Sector SPDR Fund

XLP US

   13,161.83

     773.11

  1,178.02

iShares Broad USD High Yield Corporate Bond ETF

USHY US

     4,464.68

  1,714.98

  1,152.40

Vanguard Total International Stock Index Fund ETF

VXUS US

   18,499.81

  1,730.22

  1,013.56

Vanguard Total International Bond ETF

BNDX US

   27,085.33

  2,080.56

     976.00

Energy Select Sector SPDR Fund

XLE US

     8,705.39

     279.96

     975.95

Utilities Select Sector SPDR Fund

XLU US

   11,814.18

  1,393.62

     964.40

iShares 3-7 Year Treasury Bond ETF

IEI US

     9,923.53

     (92.55)

     840.41

iShares MSCI USA Minimum Volatility ETF

USMV US

   35,816.85

     874.74

     798.44

SPDR Bloomberg Barclays Intermediate Term Treasury ETF

SPTI US

     2,040.51

     953.29

     791.68

iShares Core MSCI EAFE ETF

IEFA US

   68,800.62

  3,364.18

     778.40

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

 

The top 10 ETPs by net new assets collectively gathered $3.09 billion at the end of February. The SPDR Gold Shares
(GLD US)
gathered $1.6 billion alone.

Top 10 ETPs by net new assets February 2020: US

Name

Ticker

Assets
(US$ Mn)
 Feb
-20

NNA
(US$ Mn)
YTD 2020

NNA
(US$ Mn)

Feb-20

SPDR Gold Shares

GLD US

   47,209.90

  2,106.43

  1,596.86

iShares Gold Trust

IAU US

   19,551.83

     910.46

     312.97

United States Oil Fund LP

USO US

     1,362.48

     588.33

     274.67

VelocityShares 3x Long Crude Oil ETN

UWT US

        495.86

     609.78

     270.81

ProShares Ultra DJ-UBS Crude Oil

UCO US

        407.64

     308.47

     183.74

SPDR Gold MiniShares Trust

GLDM US

     1,402.80

     203.60

     108.03

iShares Silver Trust

SLV US

     6,316.55

      95.43

     107.55

Large Cap Growth Index-Linked Exchange Traded Notes due 2028

FRLG US

     1,229.45

      84.16

      84.16

Aberdeen Physical Swiss Gold Shares

SGOL US

     1,462.78

     189.66

      81.74

iShares S&P GSCI Commodity-Indexed Trust

GSG US

        715.38

      91.36

      72.39

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

 Investors have tended to invest in 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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Register now to join us at the ETFGI Global ETFs Insights Summit, New York as spaces are limited. Free registration and CPD educational credits are offered to buyside institutional investors, financial advisors and RIAs. 

Our summits are designed to provide the opportunity for institutional investors, RIAs 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 of ETFs. 

Speakers include: 

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Workshops give attendees the opportunity to separate into small groups to engage with 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 ETF thought leaders.
 
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Best regards,

Deborah Fuhr
Managing Partner, Founder
ETFGI
125 Old Broad Street
London EC2N 1AR United Kingdom
Phone +44 777 5823 111
[email protected]

 

 

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https://etfgi.com/sites/default/files/styles/small_75x75/public/etftv.png?itok=5ed7_Z59   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. 
 
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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