ETFGI reports today that Leveraged and Inverse ETFs and ETPs listed globally suffered net outflows of US$138 million during November 2019
LONDON— December 30, 2019 —ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that Leveraged and Inverse ETFs and ETPs suffered net outflows of US$138 million during November. Total assets invested in leveraged and inverse ETFs and ETPs decreased from US$77.5 billion at the end of October to $77.2 billion, according to ETFGI’s November 2019 Leveraged and Inverse ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
- Assets invested in leveraged and inverse ETFs/ETPs decreased by 0.4% during November 2019 to $77.2 billion.
- During November, leveraged and inverse ETFs/ETPs listed globally saw net outflows of $138 million.
- The majority of assets were invested in Leverage ETFs/ETPs with $48.9 billion, followed by Leveraged/Inverse products with assets of $15.8 billion, then Inverse with $12.5 billion.
“During November the S&P 500 gained 3.6% as global markets were resistant to fears of inflation and showed optimism on the trade talks. Global equities as measured by the S&P Global BMI were up 2.5% and the S&P Emerging BMI gained 0.1%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
At the end of November 2019, the Global leveraged/inverse ETF/ETP industry had 852 ETFs/ETPs. Of these 852 ETFs/ETPs, 435 were leveraged products, while 202 were inverse listings, and 215 were leveraged inverse. The largest market for leveraged and inverse ETFs/ETPs was in the United States, which, at the end of November 2019, had assets of $48.1 billion invested in 281 ETFs/ETPs.
Global leveraged/inverse ETF and ETP asset growth as at the of end of November 2019
During November, globally listed leveraged and inverse ETFs/ETPs suffered net outflows of $138 million and net outflows year-to-date reached $2.90 billion. The top 20 leveraged and inverse ETFs/ETPs by Year-to-Date net new assets collectively gathered $15.91 billion year-to-date to November. TheNEXT FUNDS Nikkei 225 Double Inverse Index Exchange Traded Fund (1357 JP) gathered $2.43 billion alone, the largest net inflow year-to-date to November.
Top 20 ETFs/ETPs by YTD net new assets November 2019: Leveraged and Inverse
Name |
Country Listed |
Ticker |
Assets (US$ Mn) |
ADV (US$ Mn) Nov-19 |
NNA |
Leverage |
NEXT FUNDS Nikkei 225 Double Inverse Index Exchange Traded Fund |
Japan |
1357 JP |
2,428.47 |
160.21 |
2,209.10 |
Leveraged Inverse |
VelocityShares Daily 2x VIX Short Term ETN |
US |
TVIX US |
891.77 |
240.93 |
2,004.69 |
Leveraged |
ProShares UltraPro Short QQQ |
US |
SQQQ US |
1,222.63 |
264.20 |
1,493.33 |
Leveraged Inverse |
VelocityShares Daily 3x Long Natural Gas ETN |
US |
UGAZ US |
923.70 |
419.32 |
1,316.83 |
Leveraged |
iPath Series B S&P 500 VIX Short-Term Futures ETN |
US |
VXX US |
928.17 |
475.93 |
1,264.57 |
Leveraged |
ProShares Ultra VIX Short-Term Futures |
US |
UVXY US |
579.45 |
205.19 |
1,001.86 |
Leveraged |
ProShares UltraShort S&P500 |
US |
SDS US |
1,080.97 |
117.92 |
654.13 |
Leveraged Inverse |
Daiwa ETF Japan Nikkei225 Inverse Index |
Japan |
1456 JP |
595.00 |
0.14 |
642.92 |
Inverse |
ProShares UltraPro Short S&P 500 |
US |
SPXU US |
612.36 |
98.98 |
551.27 |
Leveraged Inverse |
ProShares Short S&P500 |
US |
SH US |
1,930.97 |
79.48 |
494.66 |
Inverse |
Direxion Daily S&P 500 Bear 3X Shares |
US |
SPXS US |
501.04 |
84.56 |
480.22 |
Leveraged Inverse |
CSOP Hang Seng Index Daily -2x Inverse Product |
Hong Kong |
7500 HK |
484.25 |
56.04 |
468.70 |
Leveraged Inverse |
Samsung KODEX 200 Futures Inverse 2X ETF |
South Korea |
252670 KS |
674.13 |
117.05 |
408.90 |
Leveraged Inverse |
Direxion Daily Semiconductors Bear 3x Shares |
US |
SOXS US |
239.21 |
81.96 |
385.92 |
Leveraged Inverse |
Direxion Daily Gold Miners Bear 3x Shares |
US |
DUST US |
339.89 |
91.10 |
382.79 |
Leveraged Inverse |
Lyxor UCITS ETF CAC 40 DAILY DOUBLE SHORT |
France |
BX4 FP |
328.98 |
23.32 |
325.37 |
Leveraged Inverse |
Xtrackers ShortDAX Daily UCITS ETF - 1C |
Germany |
XSDX GY |
579.17 |
5.97 |
303.26 |
Inverse |
Simplex - Nikkei Average Bear Double Exchange Trade Fund |
Japan |
1360 JP |
381.23 |
21.43 |
292.81 |
Leveraged Inverse |
NEXT NOTES Nikkei TOCOM Leveraged Crude Oil ETN |
Japan |
2038 JP |
304.62 |
3.49 |
260.40 |
Leveraged |
ProShares UltraShort QQQ |
US |
QID US |
323.06 |
46.52 |
249.97 |
Leveraged Inverse |
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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About Deborah Fuhr
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.
ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.
Past awards for Ms Fuhr include the ETF.com’s 2018’s Lifetime Achievement Award, the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.
Deborah Fuhr is a founder and board member of Women in ETFsthe first women’s group for the ETF ecosystem. Founded in January 2014, WE inc is a 501(c)(3) non-profit organization that brings together members, including women and men, in 7 WE inc chapters across the United States and works with Women in ETFs entities in Canada, EMEA (7 chapters) and Asia Pacific to: 1) CONNECT: Create opportunities for professional advancement of women by expanding connections among women and men in the ETF industry; 2) SUPPORT: Offer guidance for the current and next generation of women in ETFs and 3) INSPIRE: WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.comto learn more, join, or sponsor. Follow us on Twitter: @WomeninETFsand on Linkedin: Women in ETFs
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