ETFGI reports that assets of US$8.17 billion invested in ETFs and ETPs listed in US at the end of February 2023
LONDON — March 21, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that the ETFs industry in the United States gathered net inflows of US$8.17 billion during February, bringing year-to-date net inflows to US$47.69 billion. During the month, assets invested in ETFs industry in the United States decreased by 1.9%, from US$6.88 trillion at the end of January to US$6.75 trillion in February 2023, according to ETFGI's February 2023 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
- ETFs industry in the United States gathered net inflows of $8.17 Bn in February.
- YTD net inflows of $47.69 Bn are the sixth highest on record, while the highest recorded YTD net inflows are of $153.95 Bn for 2021 followed by YTD net inflows of $99.04 Bn in 2022.
- 10th month of consecutive net inflows.
- Assets of $6.76 Tn invested in ETFs industry in the United States at the end of February.
- Assets increased 3.8% YTD in 2023, going from $6.51 Tn at end of 2022 to $6.75 Tn.
“The S&P 500 decreased by 2.44 % in February but is up by 3.69% YTD in 2023. Developed markets excluding the US decreased by 2.59% in February but are up 5.47% YTD in 2023. Israel (down 6.97%) and Hong Kong (down 6.94%) saw the largest decreases amongst the developed markets in February. Emerging markets decreased by 5.57% during February but are up 0.72% YTD in 2023. Colombia (down 11.62%) and Thailand (down 9.38%) saw the largest decreases amongst emerging markets in February.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Growth in US ETF and ETP assets as of the end of February 2023
The ETFs industry in the United States had 3,119 products, assets of $6.755 Tn, from 276 providers listed on 3 exchanges at the end of February.
The ETFs industry in the United States had 3,119 products, assets of $6.755 Tn, from 276 providers listed on 3 exchanges at the end of February.
During February, the ETFs industry in the United States gathered net inflows of $8.17 Bn. Equity ETFs suffered net outflows of $3.59 Bn during February, bringing YTD net inflows to $7.26 Bn, significantly lower than the $69.15 Bn in net inflows YTD in 2022. Fixed income ETFs reported net inflows of $831 Mn during February, bringing YTD net inflows to $19.33 Bn, higher than the $1.59 Bn in net outflows YTD in 2022. Commodities ETFs/ETPs reported net outflows of $313 Mn during February, bringing YTD net inflows to $486 Mn, significantly lower than the $6.03 Bn in net outflows reported YTD in 2022. Active ETFs attracted net inflows of $10.77 Bn over the month, gathering YTD net inflows of $19.37 Bn, slightly higher than the $17.46 Bn in net inflows active products had reported YTD in 2022.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $29.02 Bn during February. iShares Short Treasury Bond ETF (SHV US) gathered $4.55 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets February 2023: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
iShares Short Treasury Bond ETF |
23,742.60 |
3,691.46 |
4,546.47 |
|
|
JPMorgan BetaBuilders Europe ETF |
BBEU US |
8,957.34 |
5,669.33 |
2,059.42 |
|
JPMorgan Equity Premium Income ETF |
JEPI US |
21,482.06 |
4,298.76 |
1,856.15 |
|
Vanguard Total Bond Market ETF |
BND US |
87,558.62 |
2,517.97 |
1,712.18 |
|
iShares 0-3 Month Treasury Bond ETF |
SGOV US |
8,122.90 |
703.38 |
1,695.50 |
|
iShares Core U.S. Aggregate Bond ETF |
AGG US |
85,719.06 |
2,879.52 |
1,566.50 |
|
SPDR Portfolio Short Term Treasury ETF |
SPTS US |
5,412.76 |
1,569.47 |
1,421.56 |
|
Vanguard Total Stock Market ETF |
VTI US |
274,226.57 |
2,798.25 |
1,374.91 |
|
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF |
BIL US |
26,347.55 |
(415.49) |
1,352.82 |
|
Vanguard S&P 500 ETF |
VOO US |
274,851.96 |
1,788.85 |
1,304.18 |
|
BNY Mellon US Large Cap Core Equity ETF |
BKLC US |
1,649.56 |
1,260.48 |
1,194.91 |
|
Schwab US Dividend Equity ETF |
SCHD US |
46,803.48 |
2,711.79 |
1,179.36 |
|
iShares 10-20 Year Treasury Bond ETF |
TLH US |
8,277.81 |
2,262.50 |
1,169.52 |
|
WisdomTree Voya Yield Enhanced USD Universal Bond Fund |
UNIY US |
1,079.40 |
1,101.79 |
1,101.79 |
|
First Trust Financial AlphaDEX Fund |
FXO US |
2,226.66 |
1,049.89 |
1,064.52 |
|
iShares 20+ Year Treasury Bond ETF |
TLT US |
30,364.60 |
2,913.35 |
921.37 |
|
JPMorgan Ultra-Short Income ETF |
JPST US |
25,144.46 |
1,182.39 |
919.44 |
|
Vanguard Value ETF |
VTV US |
102,767.67 |
3,554.72 |
899.96 |
|
Pacer US Cash Cows 100 ETF |
COWZ US |
12,547.50 |
1,995.05 |
853.92 |
|
Invesco QQQ Trust |
QQQ US |
156,342.65 |
(3,549.90) |
826.25 |
The top 10 ETPs by net assets collectively gathered $1.38 Bn during February. ProShares Ultra DJ-UBS Natural Gas (BOIL US) gathered $595.75 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets February 2023: US
|
Name |
Ticker |
Assets |
NNA |
NNA Feb-23 |
|
ProShares Ultra DJ-UBS Natural Gas |
BOIL US |
1,498.67 |
1,368.55 |
595.75 |
|
United States Natural Gas Fund LP |
UNG US |
1,259.34 |
1,002.12 |
448.91 |
|
SPDR Gold MiniShares Trust |
GLDM US |
5,629.93 |
459.35 |
73.59 |
|
MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 |
FNGD US |
167.38 |
89.65 |
71.86 |
|
X-Links Crude Oil Shares Covered Call ETN |
USOI US |
388.85 |
39.66 |
42.91 |
|
Invesco DB Base Metals Fund |
DBB US |
268.27 |
37.47 |
38.90 |
|
iShares Silver Trust |
SLV US |
9,819.48 |
273.21 |
34.95 |
|
ProShares Ultra DJ-UBS Crude Oil |
UCO US |
776.62 |
(33.78) |
29.78 |
|
United States Brent Oil Fund LP |
BNO US |
251.52 |
24.05 |
26.09 |
|
Aberdeen Standard Physical Palladium Shares ETF |
PALL US |
270.90 |
38.09 |
19.26 |
Investors have tended to invest in Active ETFs/ETPs during February.
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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