ETFGI reports the ETFs industry in the US reached a record of US$8.54 trillion at the end of February

Press Release

ETFGI reports the ETFs industry in the US reached a record of US$8.54 trillion at the end of February
 
LONDONMarch 15, 2024 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, ETFGI reports the ETFs industry in the US reached a record of 8.54 trillion US Dollars at the end of February. ETFs listed in the US reported net inflows of US$58.29 billion during February, bringing year-to-date net inflows to US$129.38 billion, according to ETFGI's February 2024 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

  • Assets invested in the ETFs industry in the US reached a record of $8.54 Tn at the end of February beating the previous record of $8.19 Tn at the end of January 2024.
  • Net inflows of $58.29 Bn in February 2024.
  • YTD net inflows of $129.38 Bn are the second highest on record, while the highest recorded YTD net inflows are of $153.96 Bn for 2021 and the third highest recorded YTD net inflows are of $99.03 Bn in 2022.
  • 22nd month of consecutive net inflows.


“The S&P 500 index increased by 5.34% in February and is up by 7.11% YTD. Developed markets excluding the US increased by 1.90% in February and are up 1.58% YTD.  Ireland (up 8.60%) and Israel (up 8.27%) saw the largest increases amongst the developed markets in February. Emerging markets increased by 4.18% during February and are up 0.57% YTD. China (up 8.41%) and Peru (up 7.12%) saw the largest increases amongst emerging markets in February”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Growth in assets invested in the ETFs industry in the US as of the end of February

A graph with blue and green lines

Description automatically generated with medium confidence

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

 

The ETFs industry in the US had 3,423 products, assets of $8.54 Tn, from 311 providers listed on 3 exchanges at the end of February.

During February, the ETFs gathered net inflows of $58.29 Bn. Equity ETFs gathered net inflows of
$31.35 Bn, bringing YTD net inflows to $45.97 Bn, much higher than the $7.29 Bn in net inflows YTD in 2023. Fixed income ETFs had net inflows of $6.19 Bn during
February, bringing YTD net inflows to $21.81 Bn, higher than the $19.33 Bn in net inflows YTD in 2023. Commodities ETFs/ETPs reported net outflows of $2.55 Bn during February, bringing YTD net outflows to $5.36 Bn, lower than the $485.92 Mn in net inflows YTD in 2023. Active ETFs attracted net inflows of $18.19 Bn over the month, gathering YTD net inflows of $37.60 Bn, much higher than the $19.34 Bn in net inflows reported YTD in 2023.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $48.30 Bn during February Vanguard S&P 500 ETF (VOO US) gathered $6.47 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets February 2024: US

Name

Ticker

Assets
($ Mn)
 Feb-24

NNA
($ Mn)
 YTD-24

NNA
($ Mn)
Feb-24

Vanguard S&P 500 ETF

VOO US

415,632.82

16,310.05

6,467.13

Vanguard Information Technology ETF

VGT US

69,869.54

6,393.13

5,709.15

iShares Core S&P 500 ETF

IVV US

441,511.29

17,140.23

5,160.17

iShares Bitcoin Trust

IBIT US

10,009.46

7,769.26

4,969.22

Vanguard Intermediate-Term Treasury ETF

VGIT US

25,118.57

3,805.69

3,377.48

SPDR Portfolio S&P 500 ETF

SPLG US

32,162.82

4,419.51

2,981.11

Vanguard Total Stock Market ETF

VTI US

373,538.38

5,421.10

2,698.20

Fidelity Wise Origin Bitcoin Fund

FBTC US

6,471.90

4,800.11

2,296.22

Vanguard Total Bond Market ETF

BND US

105,550.84

2,902.79

1,655.43

iShares Core U.S. Aggregate Bond ETF

AGG US

101,640.34

2,096.53

1,592.21

Vanguard Small-Cap ETF

VB US

53,813.76

1,705.19

1,319.93

Vanguard FTSE Developed Markets ETF

VEA US

126,187.30

1,763.64

1,238.69

Vanguard Growth ETF

VUG US

116,116.33

1,857.00

1,236.08

Consumer Discretionary Select Sector SPDR Fund

XLY US

20,963.37

763.70

1,234.87

Vanguard Long-Term Treasury ETF

VGLT US

11,782.09

1,525.15

1,212.71

iShares MSCI Emerging Markets ex China ETF

EMXC US

10,902.16

1,976.35

1,207.31

Vanguard Total International Stock Index Fund ETF

VXUS US

65,942.99

1,887.49

1,124.39

Pacer US Small Cap Cash Cows 100 ETF

CALF US

8,897.62

2,103.80

988.38

ARK 21Shares Bitcoin ETF

ARKB US

2,105.52

1,585.12

927.37

VanEck Vectors Semiconductors ETF

SMH US

16,299.38

1,967.40

901.08

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

 

The top 10 ETPs by net assets collectively gathered $495.02 Mn during February. United States Natural Gas Fund LP (UNG US) gathered $221.07 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets February 2024: US

 

Name

Ticker

Assets
($ Mn)
Feb-24

NNA
($ Mn)
YTD-24

NNA
($ Mn)
Feb-24

United States Natural Gas Fund LP

UNG US

869.11

(11.69)

221.07

Alerian MLP Index ETNs due January 28 2044

AMJB US

108.60

105.26

105.26

ProShares Ultra DJ-UBS Natural Gas

BOIL US

584.62

87.84

75.32

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

VXX US

289.15

58.17

19.54

Invesco DB Commodity Index Tracking Fund

DBC US

1,659.59

(20.26)

16.52

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

FNGD US

114.88

14.34

14.34

United States Gasoline Fund LP

UGA US

107.02

13.07

13.13

SPDR Gold MiniShares Trust

GLDM US

6,374.01

55.44

11.43

ProShares Short VIX Short-Term Futures

SVXY US

329.43

41.80

9.73

ProShares VIX Short-Term Futures ETF

VIXY US

155.72

21.10

8.69


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


 Investors have tended to invest in Equity ETFs/ETPs during February.

 

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 the discussions and networking at our 2024 ETFGI Global ETFs Insights Summits! 

  • 5th Annual ETFGI Global ETFs Insights Summit - Europe & MEA – April 9th at The Waldorf Hilton in London Register
  • 5th Annual ETFGI Global ETFs Insights Summit - Latin America – May 28th in Mexico City Register
  • 5th Annual ETFGI Global ETFs Insights Summit - Asia Pacific – September 11th at Centricity – Concentric in Hong Kong Register
  • 5th Annual ETFGI Global ETFs Insights Summit – U.S. – October 29th at The Yale Club in New York City Register
  • 6th Annual ETFGI Global ETFs Insights Summit - Canada – November 27th at Borden Ladner Gervais’s office in Toronto Register

The ETFGI Global ETFs Insights Summits are 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.

These events will bring together leaders from across the ETF industry, including ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and other market participants.

🎧   All sessions are recorded, you will receive links to all sessions after the event 
📚   CPD educational credits 
🆓   Free registration for buy side institutional investors and financial advisors 
A close-up of a logo

Description automatically generated

If you can't attend on the day, register anyway and you'll receive recordings of all the sessions.
 

ETFGI (www.ETFGI.com) has for over 12 years offered a database and factsheets for all ETFs and ETPs listed globally, published monthly research reports covering trends in the global ETFs ecosystem, provided consulting services and educational events.

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.