ETFGI reports that assets invested in the global ETFs industry reached a record of US$10.86 trillion at the end of July

LONDON — August 22, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in the global ETFs industry reached a record of US$10.86 trillion at the end of July. During July the global ETFs industry gathered US$87.16 billion in net inflows, bringing year to date net inflows to US$464.4 Bn. Assets invested in the global ETFs industry have increased 17.3% YTD in 2023, going from $9.26 trillion at end of 2022 to $10.86 trillion, according to ETFGI's July 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

  • Assets invested in the global ETFs industry reached a record of $10.86 Tn at the end of July.
  • Assets have increased 17.3% YTD in 2023, going from $9.26 Tn at end of 2022 to $10.86 Tn.
  • Net inflows of $87.16 Bn gathered during July.
  • YTD net inflows of $464.40 Bn are the third highest on record, after YTD net inflows of $739.16 Bn in 2021 and YTD net inflows of $504.75 Bn in 2022.
  • 50th 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. 

Global ETFs industry asset growth as of the end of July 

At the end of July 2023, the Global ETFs industry had 11,475 products, with 23,355 listings, assets of $10.86 trillion, from 696 providers listed on 81 exchanges in 63 countries.

During July, ETFs gathered net inflows of $87.16 Bn. Equity ETFs reported net inflows of $50.75 Bn during July, bringing YTD net inflows to $212.92 Bn, significantly lower than the $289.13 Bn in net inflows YTD in 2022. Fixed income ETFs had net inflows of $25.7 Bn during July, bringing YTD net inflows to $167.68 Bn, higher than the $115.63 Bn in YTD net inflows in 2022. Commodities ETFs/ETPs reported net outflows of $3.26 Bn during July, bringing YTD net outflows to $3.53 Bn, significantly lower than the $2.97 Bn in net YTD in 2022. Active ETFs attracted net inflows of $15.26 Bn during the month, gathering YTD net inflows of $84.7 Bn, higher than the $72.12 Bn in net inflows YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $52.66 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 inflows July 2023: Global

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

Huatai-Pinebridge CSI 300 ETF

510300 CH

12,903.63

1,415.30

2,195.27

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

ChinaAMC CSI Science and Technology Innovation Board 50 ETF

588000 CH

10,772.39

3,314.02

1,643.51

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 UK Gilts 0-5yr UCITS ETF

IGLS LN

3,677.83

1,614.12

1,113.06

iShares 0-3 Month Treasury Bond ETF

SGOV US

12,038.37

4,590.31

1,103.71

The top 10 ETPs by net new assets collectively gathered $781.28 Mn over July. BTCetc – ETC Group Physical Bitcoin - Acc (BTCE GY) and WisdomTree Precious Metals – Acc (AIGP LN) each gathered $158.41 Mn, the largest individual net inflow.

Top 10 ETPs by net new inflows July 2023: Global

Name

Ticker

Assets
($ Mn)
Jul-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Jul-23

BTCetc – ETC Group Physical Bitcoin - Acc

BTCE GY

237.61

158.41

158.41

WisdomTree Precious Metals - Acc

AIGP LN

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

Korea Investment & Securities TRUE 2X Natural Gas Futures ETN B 93

570093 KS

158.39

79.20

79.20

Shinhan Securities Shinhan Bloomberg 2X Natural Gas Futures ETN 82

500082 KS

114.20

148.10

57.10

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

FNGD US

170.71

184.76

56.94

Samsung Securities Samsung Leverage Natural Gas Futures ETN C 111

530111 KS

1,124.70

1,077.38

53.59

MicroSectors FANG+ ETNs

FNGS US

1,348.24

857.33

47.74

ProShares UltraShort DJ-UBS Natural Gas

KOLD US

1,085.55

1,698.67

46.45

ProShares Ultra VIX Short-Term Futures

UVXY US

41.54

33.59

43.17

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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