ETFGI reports the ETFs industry in the United States gathered US$120.58 billion in net inflows in October
Press Release
LONDON — November 14, 2024 — ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research and events on trends in the global ETFs industry, reported today the ETFs industry in the United States gathered US$120.58 billion in net inflows in October, bringing year-to-date net inflows to a record US$861.39 billion, according to ETFGI's October 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 of $9.98 Tn invested in the ETFs industry in the United States at the end of October.
• Assets have increased 23.0% YTD in 2024, going from $8.11 Tn at end of 2023 to $9.98 Tn.
• Net inflows of $120.58 Bn in October 2024.
• YTD net inflows of $861.39 Bn are the highest on record, followed by YTD net inflows of $732.73 Bn for 2021 and the third highest recorded YTD net inflows are of $502.74 Bn in 2022.
• 30th month of consecutive net inflows.
“The S&P 500 index decreased by 0.91% in October but is up 20.97% YTD in 2024. The developed markets index excluding the US decreased by 5.22% in October but is up 6.65% YTD in 2024. Netherlands (down 10.20%) and Portugal (down 8.24%) saw the largest decreases amongst the developed markets in October. The emerging markets index decreased by 3.78% during October but is up 14.93% YTD in 2024. Greece (down 8.66%) and Poland (down 8.18%) saw the largest decreases amongst emerging markets in October.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Growth in assets invested in the ETFs industry in the United States at the end of October
At the end of October, the ETFs industry in the United States had 3,826 products, assets of US$9.98 Tn, from 348 providers listed on 3 exchanges.
During October, ETFs gathered net inflows of $120.58 Bn. Equity ETFs gathered net inflows of $62.36 Bn over October, bringing YTD net inflows to $400.24 Bn, much higher than the $150.83 Bn in net inflows YTD in 2023. Fixed income ETFs had net inflows of $16.59 Bn during October, bringing YTD net inflows to $161.74 Bn, higher than the $129.48 Bn in YTD net inflows in 2023. Commodities ETFs reported net inflows of $3.52 Bn during October, bringing YTD net inflows to $3.51 Bn, higher than the $9.21 Bn in net outflows YTD in 2023. Active ETFs attracted net inflows of $32.70 Bn during the month, gathering YTD net inflows $239.37 Bn, much higher than the $101.33 Bn in net inflows YTD in 2023.
Substantial inflows can be attributed to the top 20 ETF‘s by net new assets, which collectively gathered $66.34 Bn in October. Vanguard S&P 500 ETF (VOO US) gathered $14.44 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets October 2024: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
VOO US |
537,625.57 |
85,637.62 |
14,444.01 |
|
|
iShares Core S&P 500 ETF |
IVV US |
538,432.59 |
55,889.15 |
10,520.17 |
|
iShares China Large-Cap ETF |
FXI US |
9,838.26 |
4,772.87 |
5,089.40 |
|
iShares Bitcoin Trust |
IBIT US |
30,533.13 |
26,148.62 |
4,640.62 |
|
Schwab US Large-Cap ETF |
SCHX US |
49,408.49 |
5,367.09 |
3,333.79 |
|
iShares 20+ Year Treasury Bond ETF |
TLT US |
60,449.62 |
12,202.05 |
3,186.35 |
|
Fidelity Total Bond ETF |
FBND US |
15,192.76 |
8,555.92 |
3,054.60 |
|
Vanguard Total Bond Market ETF |
BND US |
117,791.77 |
14,014.94 |
2,271.90 |
|
Invesco S&P 500 Equal Weight ETF |
RSP US |
65,825.47 |
9,999.47 |
2,124.14 |
|
SPDR Portfolio S&P 500 ETF |
SPLG US |
48,073.34 |
15,987.56 |
1,955.55 |
|
iShares Core U.S. Aggregate Bond ETF |
AGG US |
118,639.83 |
17,936.09 |
1,796.42 |
|
SPDR Gold Shares |
GLD US |
78,367.36 |
2,076.66 |
1,737.41 |
|
iShares US Treasury Bond ETF |
GOVT US |
28,768.55 |
6,286.08 |
1,722.81 |
|
Vanguard Growth ETF |
VUG US |
141,498.53 |
11,792.78 |
1,621.57 |
|
Schwab US Dividend Equity ETF |
SCHD US |
63,514.80 |
5,577.10 |
1,588.52 |
|
Xtrackers Harvest CSI 300 China A-Shares ETF |
ASHR US |
3,457.44 |
1,534.48 |
1,553.47 |
|
iShares 0-3 Month Treasury Bond ETF |
SGOV US |
26,757.44 |
9,132.17 |
1,541.35 |
|
Financial Select Sector SPDR Fund |
XLF US |
44,629.86 |
2,219.66 |
1,433.15 |
|
iShares Core MSCI EAFE ETF |
IEFA US |
121,002.04 |
9,336.92 |
1,376.33 |
|
Janus Henderson AAA CLO ETF |
JAAA US |
13,914.71 |
8,477.14 |
1,345.14 |
The top 10 ETPs by net assets collectively gathered $320.47 Mn during October. ProShares Ultra DJ-UBS Natural Gas (BOIL US) gathered $104.92 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets October 2024: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
ProShares Ultra DJ-UBS Natural Gas |
BOIL US |
555.91 |
400.97 |
104.92 |
|
iPath Series B S&P 500 VIX Short-Term Futures ETN |
VXX US |
372.25 |
182.99 |
67.35 |
|
VanEck Merk Gold ETF |
OUNZ US |
1,241.71 |
188.63 |
40.57 |
|
UBS AG ETRACS Silver Shares Covered Call ETN |
SLVO US |
189.50 |
61.05 |
37.33 |
|
FPA Global Equity ETF |
FPAG US |
168.14 |
188.95 |
16.29 |
|
UBS AG ETRACS Gold Shares Covered Call ETN |
GLDI US |
110.81 |
28.34 |
15.86 |
|
MicroSectors Gold Miners -3X Inverse Leveraged ETN |
GDXD US |
46.40 |
43.87 |
15.14 |
|
MicroSectors Energy 3X Leveraged ETN |
WTIU US |
20.03 |
22.28 |
7.82 |
|
iPath Bloomberg Commodity Index Total Return ETN |
DJP US |
525.16 |
(78.93) |
7.66 |
|
Invesco DB US Dollar Index Bearish Fund |
UDN US |
68.82 |
4.31 |
7.54 |
Investors have tended to invest in Equity 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.
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