ETFGI reports assets invested in the ETFs industry in the United States reached a new milestone of US$8.12 trillion at the end of 2023
Press Release
LONDON — January 18, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports assets invested in the ETFs industry in the United States reached a new milestone of US$8.12 trillion at the end of 2023. ETFs industry in the US reported net inflows of US$130.02 billion during December, bringing 2023 net inflows to US$603.98 billion. Assets increased 24.7% in 2023, going from US$6.51 trillion at end of 2022 to US$8.12 trillion, according to ETFGI's December 2023 US ETFs 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 new milestone of a $8.12 Tn at the end of 2023 beating the previous record of $7.65 Tn set at the end of November 2023.
- Assets increased 24.7% in 2023, going from $6.51 Tn at end of 2022 to $8.12 Tn.
- Net inflows of $130.02 Bn in December.
- 2023 net inflows of $603.98 Bn are the third highest, the highest recorded annual net inflows was $919.79 Bn for 2021 and 2nd highest was in 2022 with net inflows of $607.26 Bn.
- 20th month of consecutive net inflows.
“The S&P 500 increased by 4.54% in December and was up 26.29% in 2023. The developed markets index excluding the US increased by 5.81% in December and were up 18.14% in 2023. Sweden (up 12.29%) and Australia (up 10.47%) saw the largest increases amongst the developed markets in December. The emerging markets index increased by 3.63% during December and was up 10.87% in 2023. Peru (up 24.95%) and Columbia (up 12.44%) saw the largest increases amongst emerging markets in December”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Growth in assets invested in the ETFs industry in the United States at end 2023
The ETFs industry in the United States had 3,383 products, assets of $8.12 Tn, from 307 providers listed on 3 exchanges at the end of 2023.
During December, ETFs gathered net inflows of $130.02 Bn. Equity ETFs gathered net inflows of $101.34 Bn during December, bringing 2023 net inflows to $307.55 Bn, slightly higher than the $305.72 Bn in net inflows in 2022. Fixed income ETFs reported net inflows of $11.85 Bn during December, bringing net inflows for 2023 to $163.78 Bn, lower than the $183.13 Bn in net inflows in 2022. Commodities ETFs/ETPs reported net inflows of $602 Mn during December, bringing 2023 net outflows to $7.17 Bn, slightly less than the $7.18 Bn in net outflows commodities products reported in 2022. Active ETFs attracted net inflows of $16.40 Bn during the month, gathering net inflows of $138.54 Bn for 2023, much higher than the $99.03 Bn in net inflows in 2022.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $85.85 Bn during December. SPDR S&P 500 ETF Trust (SPY US) gathered $39.41 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets December 2023: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
SPDR S&P 500 ETF Trust |
SPY US |
493,365.06 |
50,667.09 |
39,414.12 |
|
iShares Russell 2000 ETF |
IWM US |
67,849.71 |
7,689.49 |
7,627.33 |
|
iShares Core S&P 500 ETF |
IVV US |
396,877.86 |
38,101.02 |
5,402.31 |
|
Vanguard Intermediate-Term Corporate Bond ETF |
VCIT US |
45,004.60 |
3,597.45 |
4,727.69 |
|
Invesco S&P 500 Equal Weight ETF |
RSP US |
49,814.65 |
12,867.80 |
4,319.84 |
|
iShares Core U.S. Aggregate Bond ETF |
AGG US |
101,452.25 |
16,711.95 |
2,813.49 |
|
Vanguard S&P 500 ETF |
VOO US |
372,417.45 |
42,199.62 |
2,676.66 |
|
Vanguard Total Stock Market ETF |
VTI US |
345,971.71 |
21,318.66 |
2,192.60 |
|
iShares 20+ Year Treasury Bond ETF |
TLT US |
51,626.56 |
24,506.38 |
1,996.99 |
|
Vanguard FTSE Developed Markets ETF |
VEA US |
122,707.43 |
7,834.39 |
1,741.81 |
|
Vanguard Total Bond Market ETF |
BND US |
104,684.93 |
17,370.31 |
1,548.88 |
|
iShares Core MSCI Emerging Markets ETF |
IEMG US |
74,723.18 |
6,226.00 |
1,527.21 |
|
SPDR Portfolio S&P 500 ETF |
SPLG US |
25,751.39 |
6,890.27 |
1,526.62 |
|
iShares iBoxx $ High Yield Corporate Bond ETF |
HYG US |
18,797.34 |
1,954.17 |
1,261.02 |
|
iShares Core MSCI EAFE ETF |
IEFA US |
106,690.50 |
5,117.02 |
1,259.23 |
|
Vanguard Total International Bond ETF |
BNDX US |
54,094.57 |
7,666.09 |
1,224.65 |
|
iShares Broad USD High Yield Corporate Bond ETF |
USHY US |
12,153.61 |
2,176.28 |
1,210.39 |
|
Vanguard Long-Term Treasury ETF |
VGLT US |
10,727.59 |
6,548.70 |
1,148.60 |
|
iShares U.S. Real Estate ETF |
IYR US |
4,504.62 |
334.91 |
1,114.39 |
|
SPDR Portfolio S&P 500 Value ETF |
SPYV US |
20,098.11 |
1,890.58 |
1,111.36 |
The top 10 ETPs by net assets collectively gathered $980.61 Mn during December. SPDR Gold Shares (GLD US) gathered $194.20 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets December 2023: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
SPDR Gold Shares |
GLD US |
58,274.10 |
(1,967.78) |
194.20 |
|
iShares Gold Trust |
IAU US |
26,425.26 |
(2,966.43) |
162.96 |
|
SPDR Gold MiniShares Trust |
GLDM US |
6,362.49 |
482.85 |
159.07 |
|
United States Oil Fund LP |
USO US |
1,473.78 |
(437.91) |
124.95 |
|
United States Natural Gas Fund LP |
UNG US |
973.87 |
1,210.73 |
80.08 |
|
iShares Silver Trust |
SLV US |
10,400.33 |
(671.99) |
71.29 |
|
ProShares Ultra DJ-UBS Crude Oil |
UCO US |
647.50 |
(244.56) |
66.33 |
|
ProShares Ultra DJ-UBS Natural Gas |
BOIL US |
722.92 |
1,861.11 |
45.74 |
|
ProShares UltraShort Silver |
ZSL US |
64.24 |
19.18 |
41.74 |
|
MAX S&P 500 4X Leveraged ETN |
XXXX US |
36.19 |
34.25 |
34.25 |
Investors have tended to invest in Equity ETFs/ETPs during December.
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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