ETFGI reports assets invested in ETFs industry in the United States reached a new record of US$8.87 trillion at the end of Q1 2024

Press  Release

LONDONApril 15, 2024— ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today assets invested in ETFs industry in the United States reached a new record of US$8.87 trillion at the end of Q1 2024. The ETFs industry in the United States reported net inflows of US$103.17 billion during March, bringing year-to-date net inflows to US$232.18 billion, according to ETFGI's March 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 United States reached a new record of $8.87 Tn at the end of Q1 2024 beating the previous record of $8.54 Tn at the end of February 2024.
  • Assets invested in the ETFs industry in the US have increased 9.3% YTD in 2024, going from $8.11 Tn at end of 2023 to $8.87 Tn.
  • Net inflows of $103.17 Bn in March.
  • YTD net inflows of $232.18 Bn are the second highest on record, the highest recorded YTD net inflows were $252.22 Bn in 2021 and the third highest YTD net inflows wer $196.75 Bn in 2022.
  • 23rd month of consecutive net inflows.


“The S&P 500 index increased by 3.22% in March and is up 10.56% YTD in 2024. The developed markets excluding the US index increased by 3.62% in March and is up 5.26% YTD in 2024. Spain (up 10.72%) and Italy (up 6.34%) saw the largest increases amongst the developed markets in March. The Emerging markets index increased by 1.50% during March and was up 2.08% YTD in 2024. Peru (up 10.27%) and Columbia (up 8.19%) saw the largest increases amongst emerging markets in March”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

 

Growth in assets invested in the ETFs industry in the Unites States as of the end of Q1

A graph with a bar chart and numbers

Description automatically generated with medium confidence

 

 

 

At the end of March 2024, the ETFs industry in the US had 3,457 products, assets of $8.87 Tn, from 316 providers on   listed on 3 exchanges.

During March, ETFs gathered net inflows of $103.17 Bn. Equity ETFs gathered net inflows of $60.79 Bn during March, bringing YTD net inflows to $106.39 Bn, much higher than the $3.13 Bn in net inflows YTD in 2023. Fixed income ETFs reported net inflows of $9.92 Bn during March, bringing YTD net inflows to $31.70 Bn, lower than the $48.56 Bn in net inflows YTD in 2023. Commodities ETFs reported net inflows of $403.09 Bn during March, bringing YTD net outflows to $5.04 Bn, more than the $166.23 Mn in net outflows YTD in 2023. Active ETFs attracted net inflows of $25.39 Bn during the month, gathering YTD net inflows of $63.05 Bn, much higher than the $27.27 Bn in net inflows YTD in 2023.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $67.93 Bn during March SPDR S&P 500 ETF Trust (SPY US) gathered $14.07 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets March 2024: US

Name

Ticker

Assets
($ Mn)
 Mar-24

NNA
($ Mn)
 YTD-24

NNA
($ Mn)
Mar-24

SPDR S&P 500 ETF Trust

SPY US

     531,769.81

            (9,783.40)

        14,072.93

Vanguard S&P 500 ETF

VOO US

     435,712.29

            24,252.37

          7,942.32

iShares Bitcoin Trust

IBIT US

       17,830.68

            13,970.74

          6,201.48

iShares S&P 500 Growth ETF

IVW US

       44,198.74

             2,813.99

          4,800.07

iShares Edge MSCI USA Quality Factor ETF

QUAL US

       42,790.80

             2,559.11

          3,883.54

Blackrock US Equity Factor Rotation ETF

DYNF US

        7,175.19

             6,798.25

          3,574.83

Fidelity Wise Origin Bitcoin Fund

FBTC US

       10,242.66

             7,597.86

          2,797.75

iShares US Treasury Bond ETF

GOVT US

       25,522.04

             3,163.29

          2,751.70

iShares Core U.S. Aggregate Bond ETF

AGG US

     104,838.50

             4,737.98

          2,641.45

Vanguard Total Stock Market ETF

VTI US

     386,770.99

             7,989.85

          2,568.75

Invesco QQQ Trust

QQQ US

     259,868.88

             9,643.74

          2,357.52

iShares Currency Hedged MSCI EAFE ETF

HEFA US

        6,418.48

             2,127.44

          2,018.03

Invesco S&P 500 Equal Weight ETF

RSP US

       54,660.73

             1,208.47

          1,986.37

iShares Core MSCI EAFE ETF

IEFA US

     115,057.87

             2,585.75

          1,887.55

Eagle Capital Select Equity ETF

EAGL US

        1,796.98

             1,788.55

          1,788.55

iShares MSCI Emerging Markets ex China ETF

EMXC US

       12,957.81

             3,729.25

          1,752.90

Vanguard FTSE Developed Markets ETF

VEA US

     131,315.34

             3,162.63

          1,398.98

Technology Select Sector SPDR Fund

XLK US

       65,350.28

             2,032.98

          1,203.28

iShares Core Total USD Bond Market ETF

IUSB US

       27,947.31

             4,411.78

          1,164.07

Vanguard Long-Term Corporate Bond ETF

VCLT US

        8,127.66

             1,364.05

          1,141.82

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

 

 

 

The top 10 ETPs by net assets collectively gathered $1.04 Bn during March. SPDR Gold Shares (GLD US) gathered $520.21 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets March 2024: US

Name

Ticker

Assets
($ Mn)
Mar-24

NNA
($ Mn)
YTD-24

NNA
($ Mn)
Mar-24

SPDR Gold Shares

GLD US

       59,081.83

            (3,111.23)

             520.21

SPDR Gold MiniShares Trust

GLDM US

        6,987.63

                151.19

              95.75

ProShares Ultra DJ-UBS Natural Gas

BOIL US

           527.50

                167.76

              79.92

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

VXX US

           335.81

                116.95

              58.78

iShares S&P GSCI Commodity-Indexed Trust

GSG US

        1,034.55

                 (25.97)

              56.88

ProShares VIX Mid-Term Futures ETF

VIXM US

             84.60

                  49.68

              51.63

United States Natural Gas Fund LP

UNG US

           820.96

                  38.58

              50.27

Invesco CurrencyShares Japanese Yen Trust

FXY US

           342.63

                  52.62

              46.18

ProShares Ultra VIX Short-Term Futures

UVXY US

           274.47

                    2.73

              43.48

MicroSectors Gold Miners 3X Leveraged ETN - Acc

GDXU US

           263.95

                  73.93

              37.50


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


 Investors have tended to invest in Equity ETFs during March.

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 at our 5th Annual ETFGI Global ETFs Insights Summits Latin America - on May 28th at Bolsa Mexicana de Valores in Mexico City from 10:30am - 6:30pm including a drinks reception in partnership with CFA Society Mexico, Mujeres en Finanzas and Women in ETFs, and virtual sessions on May 29th.

 

Speakers will include (check our website for updates):   

  • Pablo Bernal - Head of Wealth Sales Latam, Vanguard
  • Luis Berruga, previously the CEO, Global X
  • Reginald M. Browne, Principal, Global Trading Systems "GTS" 
  • Felipe Cousino, Partner, Alessandri Attorneys at Law 
  • Deborah Fuhr, Managing Partner, Founder, ETFGI 
  • Luis Garcia, Head of Mexico Wealth, BlackRock
  • Eduardo Flores Herrera, Partner, White & Case LLP  
  • Laura Herrera, CFA. Portfolio Manager, La Firma Capital
  • Juan Hernandez, Head of Latin America, Vanguard  
  • Ethan Johnson, Partner, Morgan Lewis
  • Ximena Sánchez Kehr, Head of the International Quotation System, Bolsa Mexicana de Valores
  • Omar Morales, CFA. CIO, Tec de Monterrey Endowment
  • Luis Gabriel Morcillo, Partner, Brigard Urrutia Abogados  
  • Mohamed M'Rabti, Chief Commercial Officer FMCs, Euroclear
  • Sebastian Rey Ortega, Head Trader, GBM
  • Guillermina Pagaza, Executive Director, CFA Society Mexico
  • Adriana Rangel, Head of Institutional Business Development, Vanguard International – LATAM, WE, Women in Finance
  • Fernando Rodríguez, CFA. Director de Inversiones, Afore Profuturo
  • Miguel Ruiz, ETF Sales and Trading, Jane Street

 

Topics will include:   
In person:

  • Regulations and Listings in Mexico
  • “UCITS ETFs in Latin America – the growth story so far and future challenges and opportunities"
  • Trading of ETFs – best practices when trading local, US, UCITS ETFs 
  • ETFs Update on the use of ETFs in Chile, Columbia and Peru 
  • Trends in the Use of ETFs in Mexico
  • Fireside Chat 
  • Key trends in the global ETF industry from ETFGI’s research

Virtual:

  • How Investors are Using ETFs in Peru 
  • How investors are using ETFs in Colombia
  • Trends in the ETFs and Mutual Fund Industry in Brazil
  • How investors are using ETFs in Argentina
  • How Offshore US investors are using ETFs
  • Assessing the Opportunity for ETFs in Uruguay

 

The Summit is designed to facilitate a substantive and in-depth discussion on the market structure, regulatory, trading, and technological developments impacting the use of and opportunity for local, US domiciled and UCITS ETFs by various types of investors in Latin America.  Panels will discuss the current and future use of ETFs by various types of investors and the regulatory requirements for local ETFs, US domiciled and UCITS ETFs to be marketed, sold and bought in Mexico, Brazil, Chile, Colombia, Peru, Uruguay and Argentina.

The event is designed for financial advisors, institutional investors, brokerage firms and people that work in the ETF ecosystem locally and globally.

 

?   May 28th - at Bolsa Mexicana de Valores in Mexico City from 10:30am - 6:30pm including a drinks reception in partnership with CFA Society Mexico, Mujeres en Finanzas and Women in ETFs
?   May 29th - Virtual panel discussions
?   Free registration for buy side institutional investors and financial advisors Register now ?   All sessions are recorded, you will receive links to all sessions after the event  ?   CPD educational credits 

     

 

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

 

You can also register to attend our upcoming events:

  • 5th Annual ETFGI Global ETFs Insights Summit - Latin America – May 28th at Bolsa Mexicana de Valores in Mexico City and virtual on May 29th Register
  • 5th Annual ETFGI Global ETFs Insights Summit - Asia Pacific – September 11th at Centricity – Concentric in Hong Kong and virtual on September 12th 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

ETFGI (www.ETFGI.com) has for over 12 years published monthly research reports covering trends in the global ETFs ecosystem, created factsheets for every ETF, 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.

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

Connect on:
Deborah Fuhr Twitter | LinkedIn 
ETFGI Twitter | LinkedIn | Website
ETFs Network LinkedIn 
ETF TV Twitter | LinkedIn | Website
Women in ETFs, Board member and founder  
Women in ETFs Twitter | LinkedIn | Website





Disclaimer  
This message is intended solely for the addressee and may contain confidential information.  If you have received this message in error, please send it back to us, and immediately and permanently delete it. Do not use, copy or disclose the information contained in this message or in any attachment.
ETFGI LLP is a limited liability partnership registered in England and Wales with registered number OC372221. Registered address is 130 Jermyn Street, 6th Floor, St James’s, London SW1Y 4UR. 
 
ETFGI LLP has taken every reasonable precaution to ensure that any attachment to this e-mail has been swept for viruses. However, we cannot accept liability for any damage sustained as a result of software viruses and would advise that you carry out your own virus checks before opening any attachment.