ETFGI reports the ETFs industry in the United States gathered US$90.66 billion in net inflows in October 2022
LONDON — November 22, 2022 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that the ETFs industry in the United States gathered net inflows of US$90.66 billion during October, bringing year-to-date net inflows to US$502.72 billion. During the month, assets invested in US ETF/ETP industry increased by 7.2%, from US$5.91 trillion at the end of September to US$6.33 trillion in October 2022, according to ETFGI's October 2022 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
- ETFs industry in the United States gathered Net inflows of $90.66 Bn in October.
- YTD net inflows of $502.72 Bn in 2022 are the second highest on record, after YTD net inflows of $732.73 Bn in 2021.
- 6th month of consecutive net inflows.
- Assets of $6.33 Tn invested in ETFs industry in the United States at the end of October.
- Assets decreased 12.2% YTD in 2022, going from $7.21 Tn at end of 2021 to $6.33 Tn.
“The S&P 500 increased by 8.10 % in October but is down by 17.70% YTD in 2022. Developed markets excluding the US increased by 5.33% in October but are down 23.78% YTD in 2022. Norway (up 11.51%) and Ireland (up 10.52 %) saw the largest increases amongst the developed markets in October. Emerging markets decreased by 3.54% during October and are down 26.60% YTD in 2022. China (down 14.74%) saw the largest decrease amongst emerging markets in October.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Growth in US ETF and ETP assets as of the end of October 2022
The ETFs industry in the United States had 3,046 products, assets of US$6.332 trillion, from 266 providers listed on 3 exchanges at the end of October.
During October, ETFs/ETPs gathered net inflows of $90.66 Bn. Equity ETFs/ETPs gathered net inflows of $58.07 Bn during October, bringing YTD net inflows to $259.50 Bn, lower than the $499.47 Bn in net inflows equity products had attracted at this point in 2021. Fixed income ETFs/ETPs reported net inflows of $28.77 Bn during October, bringing net inflows for the year through October 2022 to $147.94 Bn, higher than the $143.34 Bn in net inflows fixed income products had attracted by the end of October 2021. Commodities ETFs/ETPs reported net outflows of $2.61 Bn during October, bringing YTD net outflows to $4.89 Bn, which is less than the $10.52 Bn in net outflows commodities products reported year to date in 2021. Active ETFs/ETPs attracted net inflows of $6.69 Bn over the month, gathering net inflows for the year in the US of $75.89 Bn, lower than the $89.99 Bn in net inflows active products had reported by the end of October 2021.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $42.58 Bn during October. SPDR S&P 500 ETF Trust (SPY US) gathered $14.55 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets October 2022: US
Name |
Ticker |
Assets |
NNA |
NNA |
SPDR S&P 500 ETF Trust |
SPY US |
372,030.26 |
(8,688.48) |
14,546.60 |
iShares Core S&P 500 ETF |
IVV US |
291,353.35 |
21,207.96 |
4,443.99 |
Vanguard S&P 500 ETF |
VOO US |
264,891.29 |
40,282.25 |
3,773.37 |
iShares iBoxx $ Investment Grade Corporate Bond ETF |
LQD US |
34,812.22 |
5,054.12 |
3,389.28 |
Vanguard Tax-Exempt Bond Index ETF |
VTEB US |
20,758.63 |
8,008.39 |
3,354.87 |
SPDR Bloomberg Barclays High Yield Bond ETF |
JNK US |
8,577.05 |
316.10 |
3,267.92 |
Vanguard Total Stock Market ETF |
VTI US |
259,193.21 |
21,945.54 |
2,728.58 |
iShares MBS ETF |
MBB US |
21,890.88 |
88.71 |
2,247.62 |
iShares 0-5 Year High Yield Corporate Bond ETF |
SHYG US |
6,977.10 |
1,998.89 |
2,135.78 |
WisdomTree Floating Rate Treasury Fund |
USFR US |
11,866.03 |
10,026.50 |
2,127.28 |
iShares U.S. Technology ETF |
IYW US |
8,014.40 |
1,037.19 |
2,024.73 |
iShares Edge MSCI USA Momentum Factor ETF |
MTUM US |
12,257.28 |
26.05 |
1,982.09 |
iShares National Muni Bond ETF |
MUB US |
28,919.00 |
7,160.32 |
1,812.16 |
iShares 20+ Year Treasury Bond ETF |
TLT US |
24,303.65 |
13,796.14 |
1,660.41 |
iShares Core Total USD Bond Market ETF |
IUSB US |
18,170.40 |
4,795.91 |
1,579.97 |
iShares iBoxx $ High Yield Corporate Bond ETF |
HYG US |
14,228.91 |
(4,988.80) |
1,389.75 |
Schwab US Dividend Equity ETF |
SCHD US |
40,703.47 |
12,224.66 |
1,257.38 |
iShares Core S&P Mid-Cap ETF |
IJH US |
61,951.77 |
3,668.12 |
1,195.20 |
JPMorgan Equity Premium Income ETF |
JEPI US |
14,548.44 |
9,928.83 |
1,077.07 |
iShares MSCI Emerging Markets Min Vol Factor ETF |
EEMV US |
7,507.44 |
4,877.79 |
1,060.46 |
The top 10 ETPs by net assets collectively gathered $946.75 Mn during October. iShares Silver Trust (SLV US) gathered $294.12 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets October2022: US
Name |
Ticker |
Assets |
NNA |
NNA Oct-22 |
ProShares Ultra DJ-UBS Natural Gas |
BOIL US |
510.81 |
250.01 |
269.93 |
Invesco DB US Dollar Index Bullish Fund |
UUP US |
2,295.89 |
1,354.69 |
252.40 |
SPDR Gold MiniShares Trust |
GLDM US |
4,694.39 |
912.82 |
147.76 |
United States Natural Gas Fund LP |
UNG US |
551.99 |
(25.10) |
138.69 |
MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 |
FNGU US |
487.56 |
369.93 |
56.29 |
MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs |
NRGD US |
92.72 |
173.61 |
52.85 |
iShares Silver Trust |
SLV US |
9,258.66 |
(705.61) |
40.94 |
United States Brent Oil Fund LP |
BNO US |
257.45 |
(73.25) |
36.66 |
ProShares UltraShort DJ-UBS Crude Oil |
SCO US |
335.31 |
314.78 |
33.90 |
Invesco CurrencyShares Swiss Franc Trust |
FXF US |
218.56 |
(4.85) |
22.53 |
Investors have tended to invest in Equity ETFs/ETPs 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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Additional Speakers announced for the 4th Annual ETFGI Global ETFs Insights Summit, Canada, in person in Toronto on Nov 30th & Dec 1st virtual. Register Now
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This event will bring together leaders from across the ETF industry, including ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and other market participants.
DAY 1 Agenda, Wednesday, November 30th
*Please note that all times listed are Eastern Time
8:30am – 9:00am Registration & Welcome Coffee
9:00am - 9:05am Welcoming Remarks
9:05am – 9:50am How Regulations are Impacting Market Structure and ETF Trading
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Rizwan Awan, President Equity Trading and Head of TMX Markets Products & Services, TMX Group
Kevin Gopaul, Global Head of ETFs, BMO Global Asset Management
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Jos Schmitt, President & CEO, NEO Group
9:50am – 10:15am Global Macro Outlook
10:15am – 10:40am What You Need to Know About Covered Call ETFs
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Trevor Cummings, CIMA, Vice President, ETF Distribution, TD Asset Management Inc.
10:40am – 11am Networking Break
11am – 11:30am How Regulatory Changes are Impacting ETFs in Canada
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Raymond Chan, Director of the Investment Funds and Structured Products Branch (IFSP), Ontario Securities Commission
Roma Lotay, Partner, Borden Ladner Gervais LLP
11:30am – 11:50am Tax Update for Investors in Canada
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Joseph Micallef, FCPA, FCA, Partner, Tax – National Tax Leader Financial Services & Asset Management, KPMG
Grace Pereira, Partner, Borden Ladner Gervais LLP
11:50am – 12:25pm ETF Trading Trends
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Alex Perel, CFA, Head of ETF Services, Scotiabank
Kevin Law, Head of Canadian ETF Trading, Virtu ITG Canada Corp.
12:25pm – 1:10pm Lunch and Panel Discussion
Women in ETFs – Managing Career Transitions
Moderator: Pat Dunwoody, Executive Director, Canadian ETF Association
1:10pm – 1:35pm Trends in the ETF industry ETFGI Research
Deborah Fuhr, Managing Partner, Founder, ETFGI
1:35pm – 2:05pm How Are Institutions and Financial Advisors Using ETFs
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Roger Chandhok, Director, Global Equity Derivatives, ETF Sales & Trading, National Bank Financial Markets
Megan France, Director, ETF Business Development, CIBC Capital Markets
Greg Walker, Director, ETF Capital Markets & Strategic Partnerships, BMO Global Asset Management
2:05pm – 2:35pm Update on the Canadian ETF Market Landscape
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Raj Lala, CEO, Evolve ETFs
Ronald Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Daniel Straus, Ph.D., M.Fin., Director of ETF Research, National Bank of Canada Financial Markets
2:35pm – 3:20pm ETF Industry Outlook / Future Trends
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Mark Noble, Executive Vice President, ETF Strategy, Horizons ETFs (Canada) Inc.
Som Seif, CEO, Purpose Unlimited
3:20pm – 3:45pm Advantage of Transparency and Advocacy (ESG)
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Laura Tase, Director BMO ETFs, BMO Global Asset Management
3:35pm – 4:05pm Networking Break
4:05pm – 4:35pm The Gender Gap in Wealth Management
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Lisa Langley, CEO, Emerge Canada
4:35pm – 5:05pm Now is the Time for Fixed Income ETFs
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Sandy Liang, Head of Fixed Income, Purpose Investments
Mark Raes, MD, Head of Product, BMO Global Asset Management
Mary Jane Young, Director, Head of ETF Trading, TD Securities
5:05pm – 5:35pm Trade Ideas for Income and Equities: Ideas for a Recession or Recovery
Moderator: Deborah Fuhr, Managing Partner, Founder, ETFGI
Daniela Fajardo Garcia, Associate, ETF Services Team, Scotiabank
Hussein Rashid, Director, ETF Institutional Sales, TD Securities
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5:40pm – 6:45pm Networking Drinks Reception
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