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
LONDON — April 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
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 |
NNA |
NNA |
|
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 |
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 |
NNA |
NNA |
|
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 |
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):
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- 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:
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- Regulations and Listings in Mexico
- “UCITS ETFs in Latin America – the growth story so far and future challenges and opportunities"
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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
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