ETFGI reports ETFs industry in the United States gathered net inflows of US$15.37 billion US in August

LONDON — September 25, 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 US$15.37 billion in net inflows during August, bringing year-to-date net inflows to US$300.04 billion. Assets have increased 14.5% year-to-date in 2023, going from $6.51 trillion at end of 2022 to $7.45 trillion, according to ETFGI's August 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 $15.37 Bn in August.
  • YTD net inflows of $300.04 Bn are the third highest on record, while the highest recorded YTD net inflows are of $594.41 Bn for 2021 and YTD net inflows of $386.21 Bn in 2022.
  • 16th month of consecutive net inflows.\
  • Assets of $7.45 Tn invested in the ETFs industry in the United States in August.
  • Assets increased 14.5% YTD in 2023, going from $6.51 Tn at end of 2022 to $7.45 Tn.

“The S&P 500 decreased by 1.59% in August but is up by 18.73% YTD in 2023. Developed markets excluding the US decreased by 3.92% in August but are up 10.58% YTD in 2023. Netherlands (down 9.59%) and Hong Kong (down 9.13%) saw the largest decreases amongst the developed markets in August. Emerging markets decreased by 5.08% during August but are up 5.44% YTD in 2023. Colombia (down 12.70%) and Pakistan (down 11.09%) saw the largest decreases amongst emerging markets in August.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

ETFs industry in the United States growth in assets as of end of August 

At the end of August, the ETFs industry in the United States had 3,212 products, assets of $7.45 Tn, from 295 providers listed on 3 exchanges.

During August, the ETFs industry in the United States gathered net inflows of $15.37 Bn. Equity ETFs gathered net inflows of $1.64 Bn during August, bringing YTD net inflows to $120.77 Bn, significantly lower than the $189.99 Bn YTD in 2022. Fixed income ETFs reported net inflows of $7.65 Bn during August, bringing YTD net inflows to $109.94 Bn, higher than the $106.48 Bn in net inflows YTD in 2022. Commodities ETFs/ETPs reported net outflows of $3.21 Bn during August, bringing YTD net outflows to $4.82 Bn, significantly lower than the $1.29 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $9.87 Bn during the month, gathering YTD net inflows of $72.63 Bn, much higher than the $64.33 Bn in net inflows YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $23.03 Bn during August. Vanguard S&P 500 ETF (VOO US) gathered $4.32 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets August 2023: US

Name

Ticker

Assets
($ Mn)
 Aug-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Aug-23

Vanguard S&P 500 ETF

VOO US

             337,505.63

                        29,213.28

          4,324.92

iShares Core S&P 500 ETF

IVV US

             350,203.71

                        12,563.18

          2,232.49

iShares 0-3 Month Treasury Bond ETF

SGOV US

               14,036.91

                         6,582.88

          1,992.57

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

BIL US

               29,418.00

                         2,612.83

          1,927.81

Vanguard Intermediate-Term Treasury ETF

VGIT US

               16,946.85

                         3,553.84

          1,261.54

Vanguard Total Stock Market ETF

VTI US

             316,839.60

                        11,804.89

          1,189.04

iShares Edge MSCI USA Quality Factor ETF

QUAL US

               32,480.18

                         9,463.15

             953.07

iShares Core S&P Mid-Cap ETF

IJH US

               74,562.82

                         5,328.65

             943.37

WisdomTree Floating Rate Treasury Fund

USFR US

               18,056.02

                         4,944.71

             898.54

Invesco BuyBack Achievers ETF

PKW US

                 1,819.94

                            198.86

             815.42

Vanguard Total Bond Market ETF

BND US

               95,232.53

                        10,726.01

             806.96

Vanguard Total International Stock Index Fund ETF

VXUS US

               58,033.53

                         4,392.60

             760.55

iShares National Muni Bond ETF

MUB US

               33,094.77

                         1,235.59

             743.84

iShares Treasury Floating Rate Bond ETF

TFLO US

               10,201.69

                         5,811.91

             657.67

PGIM Ultra Short Bond ETF

PULS US

                 5,275.21

                         1,381.18

             617.90

Vanguard Intermediate-Term Corporate Bond ETF

VCIT US

               40,309.44

                            291.01

             616.89

SPDR Portfolio High Yield Bond ETF

SPHY US

                 1,970.16

                         1,109.89

             611.73

Pacer US Cash Cows 100 ETF

COWZ US

               14,854.81

                         3,386.74

             587.59

Goldman Sachs TreasuryAccess 0-1 Year ETF

GBIL US

                 6,012.35

                            825.92

             556.44

Vanguard Information Technology ETF

VGT US

               55,987.79

                         5,551.83

             533.38

The top 10 ETPs by net assets collectively gathered $267 Mn during August. iPath Bloomberg Commodity Index Total Return ETN (DJP US) gathered $48.51 Mn, the largest individual net inflow. 

Top 10 ETPs by net new assets August 2023: US

Name

Ticker

Assets
($ Mn)
Aug-23

NNA
($ Mn)
YTD-23

NNA
($ Mn)
Aug-23

iPath Bloomberg Commodity Index Total Return ETN

DJP US

                    643.55

                           (108.16)

48.51

Invesco CurrencyShares Swiss Franc Trust

FXF US

                    201.47

                             (23.45)

40.48

Teucrium Wheat Fund

WEAT US

                    204.13

                              23.44

33.32

MicroSectors Gold Miners 3X Leveraged ETN - Acc

GDXU US

                    127.95

                              48.02

29.45

United States Natural Gas Fund LP

UNG US

                 1,165.93

                         1,105.01

27.63

Invesco CurrencyShares Euro Currency Trust

FXE US

                    260.82

                             (30.29)

24.96

ProShares Ultra VIX Short-Term Futures

UVXY US

                    322.61

                            423.90

24.21

ProShares Ultra Silver

AGQ US

                    404.21

                                0.74

16.34

United States Copper Index Fund

CPER US

                    150.52

                             (23.31)

12.96

ProShares UltraShort DJ-UBS Crude Oil

SCO US

                    219.58

                              (5.50)

9.14

Investors have tended to invest in Active ETFs/ETPs during August.

Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
 

Register Now to join us on Oct 4 and 5th for our 4th annual ETFGI Global ETFs Insights Summit - United States!


 


Oct 4 📍 In person The Yale Club, New York City from 8:15am – 6pm including a networking drinks reception – all sessions will be recorded
Oct 5 📍 Virtual sessions on our event platform


DAY 1 AGENDA
The Yale Club, New York City


8:15am Registration and Welcome Coffee

8:50am – 8:55am Welcoming Remarks
 
8:55am - 9:30am The ETF Journey: Learning from the Past, Shaping the Future 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI 
Rory Tobin, Global Head of SPDR ETFs & Head of State Street Global Advisors, EMEA 

9:30am – 10:00am Global Macro Outlook 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI  
Kristina Hooper, Chief Global Market Strategist, Invesco 

10:00am - 10:40am Trading Trends and Trading Tools    
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI   
John F. Donovan, CAIA, Director, BlackRock 
Chris Hempstead, Head of ETF AP and Global Portfolio Trading, Mirae Asset Securities USA
Victor Werny, Director of ETF Listings, Cboe Global Markets 

10:40am – 11:00am Networking Break 

11:00am – 11:45am The Outlook for Crypto ETFs and Tokenization  
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI 
Yassine Elmandjra, Crypto Lead, ARK Invest 
Matthew Hougan, Chief Investment Officer, Bitwise Asset Management 
Annemarie Tierney, Founder and Principal, Liquid Advisors Inc. 
Morrison C. Warren, Co-Chair Investment Management Group, Chapman and Cutler LLP 

11:45am - 12:30pm Beyond Passive: Active ETFs Today and Tomorrow 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI 
Barry Pershkow, Partner, Chapman and Cutler LLP 
Edward Rosenberg, Managing Director, Texas Capital Bank 

12:30pm – 1:15pm Networking Lunch 

1:15pm – 2:00pm ESG Trends: Opportunities in the US and in Europe 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI 
Luke Oliver, Head of Climate Investments, KraneShares 
Tara O'Reilly, Partner and Co-Head Asset Management and Investment Funds, Arthur Cox 
Peter Shea, Partner, K&L Gates LLP 

2:00pm – 2:30pm Index Industry Trends 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI 
Alex Matturri, Member of the Board of Directors, Cboe Global Markets 
Rick Redding, CEO, Index Industry Association 

2:30pm – 2:50pm Networking Break 

2:50pm – 3:35pm Model Portfolios in Focus: Future Trends and Opportunities 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI 
John Stoltzfus, Chief Investment Strategist, Oppenheimer Asset Management 
Kim Tilley, Director, Lazard Asset Management 
Richard Tseng, Senior Portfolio Manager, Bank of America

3:35pm – 4:20pm ETF Product Trends 
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI 
Amrita Nandakumar, President, Vident 
Jeremy Smith, Partner, Ropes & Gray LLP 

4:20pm – 4:55pm Women in ETFs: Top 3 Trends in Asset Management, Career and Diversity  
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI 
Diana van Maasdijk, CEO & Co-Founder, Equileap 
Jim Ross, Chairman at Fusion Acquisition Corp II, Chairman and CEO, Winnisquam Capital LLC 

4:55pm – 5:00pm Closing Remarks

5:00pm – 6:00pm Networking Drinks Reception  Brought to you by Waystone

Thursday Oct 5th, Day 2 Virtual

Regulatory Developments in Europe
Brian Higgins, Partner, Dillon Eustace LLP

Trends in the ETFs Industry – ETFGI Research
Deborah Fuhr, Managing Partner, Founder, ETFGI 

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