ETFGI reports the global ETFs industry gathered net inflows of US$65.16 billion during March

LONDONApril 18, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today the global ETFs industry gathered US$65.16 billion in net inflows in March 2023, bringing year to date net inflows to US$145.02 Bn. During March 2023, assets invested in the global ETFs industry increased by 2.8%, from US$9.60 trillion at the end of February to US$9.86 trillion, according to ETFGI's March 2023 global 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

  • Global ETFs industry gathered net inflows of $65.16 Bn during March.
  • YTD net inflows of $145.02 Bn are the fourth highest on record, after YTD net inflows of $360.71 Bn in 2021, YTD net inflows of $305.81 n in 2022, and YTD net inflows of $197.20 Bn in 2017.
  • 46th month of consecutive net inflows.
  • Assets of $9.86 Tn invested in global ETFs industry at the end of March.
  • Assets increased 6.5% YTD in 2023, going from $9.26 Tn at end of 2022 to $9.86 Tn.

 

“The S&P 500 increased by 3.67 % in March and is up by 7.50% YTD in 2023. Developed markets excluding the US increased by 2.19% in March and are up 7.77% YTD in 2023. Denmark (up 7.10%) and Korea (up 5.16%) saw the best performance amongst the developed markets in March. Emerging markets increased by 2.16% during March and were up 2.90% YTD in 2023. Saudi Arabia (up 5.63%) and Peru (up 3.85%) saw the best performance amongst emerging markets in March.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

Global ETF and ETP assets as of the end of March 2023

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Description automatically generated with medium confidence 

The Global ETFs industry had 11,239 products, with 23,088 listings, assets of $9.864 trillion, from 671 providers listed on 81 exchanges in 63 countries at the end of March.

During March, ETFs gathered net inflows of $65.16 Bn. Equity ETFs reported net inflows of $13.90 Bn during March, bringing YTD net inflows to $34.36 Bn, significantly lower than the $211.39 Bn in net inflows YTD in 2022. Fixed income ETFs gathered net inflows of $37.34 Bn during March, bringing YTD net inflows to $69.96 Bn, higher than the $29.13 Bn in net inflows YTD 2022. Commodities ETFs/ETPs reported net inflows of $2.08 Bn during March, bringing YTD net inflows to $3.05 Bn, significantly lower than the $19.59 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $8.03 Bn during the month, gathering YTD net inflows of $11.27 Bn, lower than the $36.19 Bn in net inflows YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $50.22 Bn during March. iShares Edge MSCI USA Quality Factor ETF (QUAL US) gathered $7.33 Bn, the largest individual net inflow.
 

Top 20 ETFs by net new inflows March 2023: Global

Name

 

Ticker

Assets
($ Mn)
Mar-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Mar-23

iShares Edge MSCI USA Quality Factor ETF

 

QUAL US

               26,694.19

     7,261.54

          7,333.91

iShares 7-10 Year Treasury Bond ETF

 

IEF US

               30,012.51

     6,329.97

          6,175.44

Schwab 5-10 Year Corporate Bond ETF

 

SCHI US

                 5,000.12

     4,628.71

          4,613.14

iShares US Treasury Bond ETF

 

GOVT US

               25,599.89

     2,802.48

          3,730.06

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

 

BIL US

               30,023.41

     3,214.93

          3,630.42

Vanguard S&P 500 ETF

 

VOO US

              285,469.77

     4,671.91

          2,883.06

iShares 20+ Year Treasury Bond ETF

 

TLT US

               34,554.37

     5,667.68

          2,754.33

iShares 0-3 Month Treasury Bond ETF

 

SGOV US

               10,372.31

     2,935.07

          2,231.70

SPDR Portfolio Intermediate Term Treasury ETF

 

SPTI US

                 5,479.66

     1,766.94

          1,766.47

JPMorgan Equity Premium Income ETF

 

JEPI US

               23,426.01

     5,906.76

          1,607.99

WisdomTree Floating Rate Treasury Fund

 

USFR US

               15,424.70

     2,325.05

          1,607.60

E Fund ChiNext Price Index ETF

 

159915 CH

                 4,943.01

     1,788.30

          1,456.43

iShares 1-3 Year Treasury Bond ETF

 

SHY US

               28,155.83

        324.86

          1,447.23

Amundi MSCI Emerging Markets II - UCITS ETF - Dist

 

AE5A GY

                 1,762.36

     1,716.55

          1,415.62

SPDR S&P Regional Banking ETF

 

KRE US

                 2,849.23

        918.25

          1,363.51

iShares Core TOPIX ETF

 

1475 JP

                 8,298.80

     1,601.94

          1,341.01

Invesco QQQ Trust

 

QQQ US

              172,391.16

   (2,231.47)

          1,318.43

iShares MSCI EAFE Growth ETF

 

EFG US

               12,782.99

     1,812.56

          1,207.19

Invesco Nasdaq 100 ETF

 

QQQM US

                 8,888.64

     1,971.50

          1,205.17

iShares iBoxx $ Investment Grade Corporate Bond ETF

 

LQD US

               35,632.00

      (965.85)

          1,128.45

The top 10 ETPs by net new assets collectively gathered $3.27 Bn over March. iShares Physical Gold ETC - Acc (SGLN LN) gathered $1.10 Bn, the largest individual net inflow.
 

Top 10 ETPs by net new inflows March 2023: Global

Name

 

Ticker

Assets
($ Mn)
Mar-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Mar-23

iShares Physical Gold ETC - Acc

 

SGLN LN

               15,556.77

        739.88

          1,096.87

SPDR Gold Shares

 

GLD US

               58,086.11

        773.60

             855.12

ProShares Ultra DJ-UBS Natural Gas

 

BOIL US

                 1,132.23

     1,684.15

             315.61

Invesco Physical Gold ETC - Acc

 

SGLD LN

               14,868.26

   (1,110.64)

             217.31

WisdomTree Brent Crude Oil - Acc

 

BRNT LN

                 2,341.51

     1,149.59

             196.15

United States Natural Gas Fund LP

 

UNG US

                 1,115.15

     1,132.50

             130.38

ProShares Short VIX Short-Term Futures

 

SVXY US

                    301.70

        (75.33)

             129.12

MicroSectors US Big Banks Index 3X Leveraged ETN

 

BNKU US

                    160.16

        114.66

             114.66

WisdomTree Physical Gold - GBP Daily Hedged - Acc

 

GBSP LN

                 1,380.81

        112.26

             111.06

WisdomTree Physical Gold - EUR Daily Hedged - Acc

 

GBSE GY

                    535.42

        111.35

             105.78


Investors have tended to invest in Fixed Income ETFs/ETPs during March.

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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