ETFGI reports the ETFs industry in the United States gathered net inflows of US$33.25 billion in October

Press Release

ETFGI reports the ETFs industry in the United States gathered net inflows of US$33.25 billion in October

LONDON — November 17, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that reports the ETFs industry in the United States gathered net inflows of US$33.25 billion in October, bringing year-to-date net inflows to US$372.55 billion. Assets have increased 7.8% YTD in 2023, going from US$6.51 trillion at end of 2022 to US$7.01 trillion. During the month, assets invested in US ETF/ETP industry decreased by 2.1%, from US$7.16 trillion, according to ETFGI's October 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 $33.25 Bn in October.
  • YTD net inflows of $372.55 Bn are the 4th highest, while the highest recorded YTD net inflows are of $732.74 Bn for 2021 and YTD net inflows of $502.74 Bn in 2022.
  • 18th month of consecutive net inflows.
  • Assets of $7.01 Tn invested in ETFs industry in the United States at the end of October.
  • Assets have increased 7.8% YTD in 2023, going from $6.51 Tn at end of 2022 to $7.01 Tn.

“The S&P 500 index declined 2.10% in October but is up 10.69% YTD in 2023. The developed markets excluding the US index declined by 4.62% in October but is up 1.73% YTD in 2023. Israel (down 14.45%) and Luxembourg (down 11.41%) saw the largest decreases amongst the developed markets in October. The emerging markets index declined by 3.55% during October and is down by 0.20% YTD in 2023. Turkey (down 11.71%) and United Arab Emirates (down 8.54%) saw the largest decreases amongst emerging markets in October.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

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

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

The ETFs industry in the United States had 3,307 products, assets of $7.01 Tn, from 299 providers listed on 3 exchanges at the end of October.

During October, ETFs gathered net inflows of $33.25 Bn. Equity ETFs gathered net inflows of $9.05 Bn during October, bringing YTD net inflows to $150.82 Bn, significantly lower than the $259.50 Bn in net inflows equity products had attracted at this point in 2022. Fixed income ETFs/ETPs had net inflows of $12.47 Bn during October, bringing net inflows for the year through October 2023 to $129.50 Bn, lower than the $147.13 Bn in net inflows fixed income products had attracted by the end of October 2022. Commodities ETFs/ETPs reported net outflows of $1.44 Bn during October, bringing YTD net outflows to $8.23 Bn, significantly lower than the $4.89 Bn in net outflows commodities products had reported year to date in 2022. Active ETFs/ETPs attracted net inflows of $15.24 Bn over the month, gathering net inflows for the year in the US of $99.70 Bn, much higher than the $76.72 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 $45.90 Bn during October. iShares Core S&P 500 ETF (IVV US) gathered $7.79 Bn, the largest individual net inflow.

 

Top 20 ETFs by net new assets October 2023: US

Name

Ticker

Assets
($ Mn)
 Oct-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Oct-23

iShares Core S&P 500 ETF

IVV US

             338,804.70

                                  26,382.91

          7,791.29

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

BIL US

               38,762.91

                                  11,937.93

          7,598.20

iShares 20+ Year Treasury Bond ETF

TLT US

               39,598.70

                                  19,948.25

          3,291.75

Vanguard S&P 500 ETF

VOO US

             318,545.70

                                  32,980.18

          3,227.63

Vanguard Intermediate-Term Treasury ETF

VGIT US

               20,105.92

                                    7,240.13

          2,349.18

Invesco QQQ Trust

QQQ US

             194,615.25

                                    4,460.15

          2,267.04

iShares S&P 100 ETF

OEF US

               10,488.54

                                    2,297.18

          2,236.45

iShares 0-3 Month Treasury Bond ETF

SGOV US

               17,467.70

                                    9,997.04

          1,827.32

iShares Short Treasury Bond ETF

SHV US

               22,020.63

                                    1,912.88

          1,702.95

iShares MSCI Emerging Markets ex China ETF

EMXC US

                 6,761.38

                                    3,867.80

          1,656.58

Vanguard Total Stock Market ETF

VTI US

             296,286.65

                                  15,480.68

          1,649.32

Vanguard Tax-Exempt Bond Index ETF

VTEB US

               28,020.83

                                    4,836.04

          1,453.17

Energy Select Sector SPDR Fund

XLE US

               38,086.85

                                   (1,205.77)

          1,372.66

Vanguard Total Bond Market ETF

BND US

               94,257.74

                                  14,081.40

          1,299.34

iShares Edge MSCI USA Quality Factor ETF

QUAL US

               31,386.47

                                  10,602.90

          1,099.70

iShares Global Energy ETF

IXC US

                 2,898.84

                                       841.02

          1,073.01

PIMCO Enhanced Short Maturity Strategy Fund

MINT US

               10,798.86

                                    1,853.61

          1,068.97

iShares Core MSCI EAFE ETF

IEFA US

               93,143.01

                                    3,857.80

          1,024.97

iShares MBS ETF

MBB US

               26,265.74

                                    4,728.54

          1,017.82

Vanguard Mortgage-Backed Securities ETF

VMBS US

               16,494.52

                                    2,969.00

             895.45

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

The top 10 ETPs by net assets collectively gathered $808.52 Mn during October. United States Oil Fund LP (USO US) gathered $413.78 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets October 2023: US

Name

Ticker

Assets
($ Mn)
Oct-23

NNA
($ Mn)
YTD-23

NNA
($ Mn)
Oct-23

United States Oil Fund LP

USO US

                 1,759.42

                                      (329.89)

             413.78

Invesco DB US Dollar Index Bullish Fund

UUP US

                    625.83

                                   (1,065.79)

              89.31

ProShares Ultra DJ-UBS Crude Oil

UCO US

                    619.47

                                      (389.45)

              74.56

Invesco DB Oil Fund

DBO US

                    293.24

                                       (29.44)

              45.29

ProShares UltraShort DJ-UBS Natural Gas

KOLD US

                    119.64

                                      (144.23)

              43.09

ProShares Ultra VIX Short-Term Futures

UVXY US

                    316.49

                                       374.72

              40.07

Invesco DB Energy Fund

DBE US

                    124.04

                                       (24.94)

              33.98

MicroSectors Gold Miners 3X Leveraged ETN - Acc

GDXU US

                    139.81

                                         80.00

              31.98

ProShares Ultra Silver

AGQ US

                    370.62

                                         21.86

              24.01

Invesco CurrencyShares Japanese Yen Trust

FXY US

                    226.78

                                         75.62

              12.46


https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon


 Investors have tended to invest in Active ETFs during October.

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

5th Annual ETFGI Global ETFs Insights Summit - Canada, Nov 29th in person in Toronto at BLG’s office & Nov 30th Virtual Register Here
 

 

📍Nov 29 - day 1 - In person, from 8:15am - 6pm including networking drinks at Borden Ladner Gervais LLP (BLG)’s office, Bay Adelaide Centre, East Tower, 22 Adelaide St W #3400, Toronto, ON M5H 4E3, Canada

📍Nov 30 - day 2 - Virtual panel discussions on our virtual event platform.

This event will bring together leaders from across the ETF industry, including ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and other market participants. 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 traded, selected, and used and hear about the most current regulatory, index, product trends: active, bitcoin, crypto, ESG, thematic and trading developments that are impacting investors.
 

Topics include:

  • How Regulations are Impacting Market Structure
  • Update on the Canadian ETF Market Landscape
  • An Update and Outlook from CIRO
  • How Regulations are Impacting ETFs and Investors 
  • ETF Trading Trends and Trading Tools
  • How ETFs are Being Used to Drive Alpha
  • Women in ETFs: Top 3 Trends in Asset Management, Career and Diversity 
  • Now is the Time for Fixed Income ETFs
  • The Unfolding Story for Crypto - Digital Assets
  • Trends in Active ETFs
  • Managing the Great Transition
  • Institutional Advantages of Using ETFs
  • The Evolving Story for ESG  
  • Trends in the ETF Industry - ETFGI Research 

If you can't attend on the day, register anyway and you'll receive recordings of all the sessions. 🎧   All sessions are recorded, and you will also receive access to last year's session recordings 📚   CPD educational credits  🆓   Free registration for buy side institutional investors and financial advisors  

     

 


Upcoming 2024 events:

  • 5th Annual ETFGI Global ETFs Insights Summit - Latin America 2024
  • 5th Annual ETFGI Global ETFs Insights Summit - Europe & MEA 2024
  • 5th Annual ETFGI Global ETFs Insights Summit - United States 2024
  • 5th Annual ETFGI Global ETFs Insights Summit - Asia Pacific 2024
  • 6th Annual ETFGI Global ETFs Insights Summit - Canada 2024


If you are interested in sponsoring or speaking at any of our upcoming events or have any questions, please contact us deborah.fuhr@etfgi.com and margareta.hricova@etfgi.com.

We look forward to seeing you at our events!
Debbie and Margareta

Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

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