ETFGI reports that assets invested in ETFs industry in the United States reached a record of US$7.6 trillion at the end of July

LONDON — August 23, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in ETFs industry in the United States reached a record of US$7.6 trillion at the end of July.  During July, the ETFs industry in the United States gathered net inflows of US$56.74 billion, bringing year-to-date net inflows to US$284.67 billion.   Assets have increased 16.8% YTD in 2023, going from $6.51 trillion at end of 2022 to $7.6 trillion at the end of July, according to ETFGI's July 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

  • Assets invested in the ETFs industry in the United States reached a record of $7.6 Tn at the end of July 
  • Assets have increased 16.8% YTD in 2023, going from $6.51 Tn at end of 2022 to $7.6 Tn.
  • Net inflows of $56.74 Bn in July 2023.
  • YTD net inflows of $284.67 Bn are the third highest on record, while the highest recorded YTD net inflows are $523.89 Bn for 2021 and YTD net inflows of $343.03 Bn in 2022.
  • 15th month of consecutive net inflows.

“The S&P 500 increased by 3.21% in July and is up 20.65% year-to-date in 2023. Developed markets excluding the US increased by 3.62% in July and are up 15.09% YTD in 2023. Norway (up 8.97%) and Israel (up 8.06%) saw the largest increases amongst the developed markets in July. Emerging markets increased by 6.15% during July and are up 11.08% YTD in 2023. Turkey (up 20.52%) and Pakistan (up 15.89%) saw the largest increases amongst emerging markets in July.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI. 

ETFs industry in the United States asset growth as of the end of July 

At the end of July, the ETFs industry in the United States had 3,180 products, assets of $7.6 Tn, from 289 providers listed on 3 exchanges.

During July, ETFs gathered net inflows of $56.74 Bn. Equity ETFs gathered net inflows of $35.65 Bn during July, bringing YTD net inflows to $119.13 Bn, significantly lower than the $166.32 Bn in net inflows YTD in 2022. Fixed income ETFs reported net inflows of $12.52 Bn during July, bringing YTD net inflows to $102.28 Bn, higher than the $92.05 Bn in net inflows YTD in 2022. Commodities ETFs/ETPs reported net outflows of $1.58 Bn during July, bringing YTD net outflows to $1.61 Bn significantly lower than the $4.19 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $11.32 Bn over the month, gathering net inflows for the year in the US of $62.77 Bn, higher than the $58.20 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 $50.51 Bn during July. iShares Core S&P 500 ETF (IVV US) gathered $9.91 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets July 2023: US

Name

Ticker

Assets
($ Mn)
 Jul-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Jul-23

iShares Core S&P 500 ETF

IVV US

             352,722.75

                        10,330.69

          9,906.51

iShares 20+ Year Treasury Bond ETF

TLT US

               43,188.06

                        16,476.45

          4,803.91

Vanguard S&P 500 ETF

VOO US

             339,984.69

                        24,888.36

          4,349.36

iShares Core S&P Mid-Cap ETF

IJH US

               75,773.69

                         4,385.28

          3,705.75

iShares Treasury Floating Rate Bond ETF

TFLO US

                 9,532.59

                         5,154.25

          3,272.10

Invesco S&P 500 Equal Weight ETF

RSP US

               44,119.11

                         8,090.18

          3,227.76

Vanguard Total Stock Market ETF

VTI US

             320,432.20

                        10,615.85

          2,756.51

iShares Core U.S. Aggregate Bond ETF

AGG US

               94,063.77

                        10,999.14

          2,273.46

Vanguard Intermediate-Term Treasury ETF

VGIT US

               15,434.29

                         2,292.29

          2,037.00

Financial Select Sector SPDR Fund

XLF US

               35,789.08

                         3,638.88

          1,818.45

iShares MSCI EAFE Value ETF

EFV US

               17,107.81

                            286.51

          1,641.11

iShares S&P 500 Growth ETF

IVW US

               35,788.99

                            985.68

          1,560.89

Vanguard Short-Term Corporate Bond ETF

VCSH US

               36,408.97

                        (4,569.98)

          1,493.80

Vanguard Long-Term Treasury ETF

VGLT US

                 7,377.94

                         3,467.18

          1,327.68

Vanguard Total Bond Market ETF

BND US

               95,278.08

                         9,919.05

          1,219.82

Invesco QQQ Trust

QQQ US

             210,601.59

                         2,058.04

          1,207.97

iShares 0-3 Month Treasury Bond ETF

SGOV US

               12,038.37

                         4,590.31

          1,103.71

Energy Select Sector SPDR Fund

XLE US

               36,389.02

                        (3,314.31)

             971.33

Vanguard Total International Bond ETF

BNDX US

               50,931.74

                         5,141.03

             940.32

VanEck Vectors Semiconductors ETF

SMH US

               10,643.89

                            801.90

             889.67

The top 10 ETPs by net assets collectively gathered $462.16 Mn during July. ProShares UltraShort DJ-UBS Crude Oil (SCO US) gathered $158.41 Mn, the largest individual net inflow. 

Top 10 ETPs by net new assets July 2023: US

Name

Ticker

Assets
($ Mn)
Jul-23

NNA
($ Mn)
YTD-23

NNA
($ Mn)
Jul-23

ProShares UltraShort DJ-UBS Crude Oil

SCO US

                    221.16

                             (14.64)

158.41

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

VXX US

                    403.65

                            366.58

80.29

United States Natural Gas Fund LP

UNG US

                 1,124.70

                         1,077.38

53.59

ProShares Ultra DJ-UBS Natural Gas

BOIL US

                 1,085.55

                         1,698.67

46.45

ProShares UltraShort Silver

ZSL US

                     58.19

                              23.42

40.61

MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038

FNGD US

                    196.61

                            323.09

36.81

Teucrium Wheat Fund

WEAT US

                    191.90

                              (9.88)

21.00

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

VXZ US

                     51.03

                              22.91

10.08

Teucrium Corn Fund

CORN US

                    104.62

                             (29.56)

8.32

Invesco CurrencyShares Japanese Yen Trust

FXY US

                    235.55

                              69.75

6.62

 Investors have tended to invest in Equity ETFs/ETPs during July.
 
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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Day 1 – October 4th -  in person in New York city at the Yale Club followed by a drinks reception. CE credits and free for IFAs and institutional investors – spaces are allocated on a first-come basis as spaces are limited. All sessions will be recorded. Attendees will receive access to virtual event content on day 2.


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The summit is designed to provide the opportunity for traders, portfolio managers, and advisors at buyside institutional investor and financial advisors to examine how ETFs are being selected, used and traded by institutional investors, financial advisors and by retail investors. Hear about the most current regulatory updates from the SEC and IOSCO. Updates on index and product trends: active, fixed income, ESG, Thematic, bitcoin, crypto, and trading developments that are impacting investors in United States.

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View the 2022 Agenda and Conference Brochure
 
Speakers in 2022 included:


 

 
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ETFGI 
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