ETFs/ETPs listed in the US gathered record inflows of US$42 billion and assets reached a new high of US$2.641 trillion
ETFGI reports ETFs/ETPs listed in the United States gathered record inflows of 42 billion US dollars and assets reached a new high of 2.641 trillion US dollars at the end of January 2017
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: “ETFs” are typically open-end index funds that provide daily portfolio transparency, are listed and traded on exchanges like stocks on a secondary basis as well as utilising a unique creation and redemption process for primary transactions. “ETPs” refers to other products that have similarities to ETFs in the way they trade and settle but they do not use a mutual fund structure. The use of other structures including grantor trusts, partnerships, notes and depositary receipts by ETPs can create different tax and regulatory implications for investors when compared to ETFs which are funds.
LONDON — February 22, 2017 — ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today assets invested in ETFs/ETPs listed in the United States reached a new record high of US$2.641 trillion at the end January 2017 surpassing the prior record of US$2.640 trillion set at the end of December 2016.
ETFs/ETPs listed in the United States gathered US$41.84 Bn of net new assets in January marking the 11th consecutive month of net inflows, according to data from ETFGI’s January 2017 global ETF and ETP industry insights report.
Record levels of assets under management were reached at the end of January for ETFs/ETPs listed globally at US$3.689 trillion, in the United States at US$2.641 trillion, in Europe at US$598.76 billion, in Asia Pacific ex-Japan at US$132.87 billion, and in Canada at US$88.84 billion.
At the end of January 2017, the US ETF/ETP industry had 1,984 ETFs/ETPs, with assets of US$2.641 trillion, from 107 providers listed on 3 exchanges.
“Investors favour equities over commodities and fixed income during January as equity markets had a good start to 2017. Developed markets outside the US and emerging markets showed strong performance in January up 3.2% and 5.1% respectively while the S&P 500 index was up 1.9% and the DJIA index was up 0.6% in January,” according to Deborah Fuhr, managing partner and co-founder of ETFGI.
ETFs and ETPs listed in the United States gathered net inflows of US$41.84 Bn in January, which is much greater than at this point last year when there were net outflows of US$468 Mn.
Equity ETFs/ETPs gathered net inflows of US$28.50 Bn in January, which is much greater than the net outflows of US$16.36 Bn over the same period last year.
Fixed income ETFs and ETPs experienced net inflows of US$12.57 Bn in January, which is greater than the same period last year which saw net inflows of US$11.98 Bn.
Commodity ETFs/ETPs accumulated net inflows of US$168 Mn in January, which is significantly less then the net inflows of US$2.34 Bn over the same period last year.
iShares gathered the largest net ETF/ETP inflows in January with US$15.82 Bn, followed by Vanguard with US$14.77 Bn and Schwab ETFs with US$2.20 Bn net inflows.
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ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem. Launched in 2012 by Deborah Fuhr and partners in London the firm offers paid for research subscription services: the ETFGI annual research service provides monthly reports on trends in the global ETF and ETP industry, access to the ETFGI database of all ETFs/ETPs listed globally with factsheets which are updated monthly, ETFGI annual review of institutions and mutual funds that use ETFs and ETPs, the Active ETF landscape report and the Smart Beta ETF Landscape report.
Deborah Fuhr is the managing partner and co-founder of ETFGI, she previously served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. Fuhr 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.
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