ETFGI reports ETFs industry in the United States gathered net inflows of US$39.25 billion in September

London - (ETFGI) October 30, 2023 – ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today the ETFs industry in the United States gathered net inflows of US$39.25 billion in September, bringing year-to-date net inflows to US$339.30 billion.   Assets increased 10.1% YTD in 2023, going from $6.51 Tn at end of 2022 to $7.16 Tn. , according to ETFGI's September 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 US$39.25 billion in September. 
  • YTD net inflows of $339.30 Bn are the third highest on record, the highest YTD net inflows were $650.04 Bn for 2021 and 1st YTD net inflows were $412.07 Bn in 2022. 
  • 17th month of consecutive net inflows. 
  • Assets of $7.16 Tn invested in ETFs and ETPs listed in US at the end of September 2023. 
  • Assets increased 10.1% YTD in 2023, going from $6.51 Tn at end of 2022 to $7.16 Tn. 
  • Equity ETFs and ETPs listed in the US gathered net inflows of $21 Bn in September 2023.  

“The S&P 500 decreased by 4.77% in September and is up 13.07% YTD in 2023. Developed markets excluding the US decreased by 3.54% in September and are up 6.66% YTD in 2023. Netherlands (down 7.90%) and Ireland (down 7.31%) saw the largest decreases amongst the developed markets in September. Emerging markets decreased by 1.86% during September but are up 3.47% YTD in 2023. Thailand (down 9.38%) and Poland (down 9.33%) saw the largest decreases amongst emerging markets in September.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI. 

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

ETFs industry in the United States had 3,275 products, assets of $7.16 Tn, from 298 providers listed on 3 exchanges at the end of September.

During September, ETFs gathered net inflows of $39.25 Bn. Equity ETFs gathered net inflows of $21 Bn during September, bringing YTD net inflows to $141.78 Bn, significantly lower than the $201.42 Bn in YTD net inflows in 2022. Fixed income ETFs had net inflows of $7.09 Bn during September, bringing YTD net inflows $117.03 Bn, lower than the $118.35 Bn in net inflows YTD in 2022. Commodities ETFs/ETPs reported net outflows of $1.97 Bn during September, bringing YTD net outflows to $6.79 Bn, significantly lower than the $2.28 Bn in net outflows YTD in 2022. Active ETFs attracted net inflows of $11.83 Bn in September, gathering YTD net inflows of $84.46 Bn, much higher than the $70.02 Bn in net inflows YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $36.88 Bn during September. SPDR S&P 500 ETF Trust (SPY US) gathered $9.43 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets September 2023: US

Name

Ticker

Assets
($ Mn)
 Sep-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Sep-23

SPDR S&P 500 ETF Trust

SPY US

             403,788.61

                         6,837.79

          9,431.89

iShares Core S&P 500 ETF

IVV US

             336,851.43

                        18,591.62

          6,028.44

iShares National Muni Bond ETF

MUB US

               34,458.24

                         3,553.15

          2,317.56

Vanguard Total Bond Market ETF

BND US

               94,694.20

                        12,782.06

          2,056.05

Vanguard Total Stock Market ETF

VTI US

             301,859.18

                        13,831.37

          2,026.48

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

BIL US

               31,149.96

                         4,339.73

          1,726.90

iShares 0-3 Month Treasury Bond ETF

SGOV US

               15,630.14

                         8,169.72

          1,586.84

Vanguard Intermediate-Term Treasury ETF

VGIT US

               17,927.69

                         4,890.96

          1,337.12

iShares 20+ Year Treasury Bond ETF

TLT US

               38,547.09

                        16,656.49

          1,277.63

iShares Russell 1000 Growth ETF

IWF US

               69,081.65

                        (3,865.12)

          1,069.64

Capital Group Dividend Value ETF

CGDV US

                 3,897.82

                         2,275.99

             980.84

First Trust NASDAQ-100 Technology Index Fund

QTEC US

                 2,819.40

                            993.18

             955.49

JPMorgan Equity Premium Income ETF

JEPI US

               29,275.52

                        12,332.86

             942.44

Consumer Discretionary Select Sector SPDR Fund

XLY US

               17,432.06

                         1,819.27

             934.14

JPMorgan Global Select Equity ETF

JGLO US

                    845.68

                            836.43

             836.43

Invesco QQQ Trust

QQQ US

             196,577.92

                         2,193.11

             708.40

Direxion Daily Semiconductors Bull 3x Shares

SOXL US

                 6,185.71

                           (904.93)

             685.29

Pacer US Cash Cows 100 ETF

COWZ US

               15,094.86

                         4,064.80

             678.06

Invesco S&P 500 Equal Weight ETF

RSP US

               40,698.67

                         8,419.07

             668.20

Invesco Senior Loan ETF

BKLN US

                 4,698.82

                            638.50

             634.10

The top 10 ETPs by net assets collectively gathered $516 Mn during September. ProShares UltraShort DJ-UBS Crude Oil (SCO US) gathered $90.51 Mn, the largest individual net inflow. 

Top 10 ETPs by net new assets September 2023: US

Name

Ticker

Assets
($ Mn)
Sep-23

NNA
($ Mn)
YTD-23

NNA
($ Mn)
Sep-23

ProShares UltraShort DJ-UBS Crude Oil

SCO US

                    289.16

                              85.02

              90.51

ProShares Ultra DJ-UBS Natural Gas

BOIL US

                    901.02

                         1,594.03

              89.74

iShares Silver Trust

SLV US

               10,192.33

                           (545.07)

              80.12

Invesco DB Commodity Index Tracking Fund

DBC US

                 2,176.76

                           (465.42)

              56.70

United States Oil Fund LP

USO US

                 1,479.62

                           (743.66)

              48.50

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

VXX US

                    456.00

                            389.99

              47.62

United States Natural Gas Fund LP

UNG US

                 1,159.63

                         1,142.46

              37.44

SPDR Gold MiniShares Trust

GLDM US

                 5,764.46

                            466.90

              23.26

ProShares Short VIX Short-Term Futures

SVXY US

                    261.67

                           (198.24)

              21.40

iShares S&P GSCI Commodity-Indexed Trust

GSG US

                 1,149.77

                           (129.54)

              21.04

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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