ETFGI report assets invested in the ETFs industry in the United States reached a new record high of 10 trillion US Dollars at the end of September

Press Release

LONDON — October 16, 2024 — ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reported today assets invested in the ETFs industry in the United States reached a new record high of US$10 trillion at the end of September. During September the ETFs industry in the United States gathered net inflows of US$97.29 billion, bringing year-to-date net inflows to a record US$740.81 billion, according to ETFGI's September 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 record of $10 Tn at the end of September beating the previous record of $9.74 Tn at the end of August 2024.
  • Assets have increased 23.2% YTD in 2024, going from $8.11 Tn at end of 2023 to $10 Tn.
  • Net inflows of $97.29 Bn in September 2024.
  • YTD net inflows of $740.81 Bn are the highest on record, followed by YTD net inflows of $650.04 Bn for 2021 and the third highest recorded YTD net inflows are of $412.07 Bn in 2022.
  • 29th month of consecutive net inflows.

“The S&P 500 index increased by 2.14% in September and is up by 22.08% year-to-date in 2024. The developed market index excluding the US increased by 1.26% in September and is up 12.53% YTD in 2024.  Hong Kong (up 16.51%) and Singapore (up 7.43%) saw the largest increases amongst the developed markets in September. The emerging market index increased by 7.72% during September and is up 19.45% YTD in 2024. China (up 23.89%) and Thailand (up 12.43%) saw the largest increases amongst emerging markets in September.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

 

Growth in assets invested in the ETFs industry in the United States as of the end of September

 

 

The ETFs industry in the United States had 3,775 products, assets of US$10.00 trillion, from 341 providers listed on 3 exchanges.

During September, ETFs gathered net inflows of $97.29 Bn. Equity ETFs gathered net inflows of $49.24 Bn during September, bringing YTD net inflows to $337.90 Bn, much higher than the $141.78 Bn in YTD net inflows in 2023. Fixed income ETFs had net inflows of $15.61 Bn during September, bringing YTD net inflows to $145.15 Bn, higher than the $116.99 Bn in YTD net inflows in 2023. Commodities ETFs reported net inflows of $1.52 Bn during September, bringing YTD net outflows to $9.17 Mn, higher than the $7.78 Bn in YTD net outflows in 2023. Active ETFs attracted net inflows of $26.49 Bn during the month, gathering YTD net inflows of $206.66 Bn, much higher than the $86.10 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 $61.63 Bn in September. SPDR S&P 500 ETF Trust (SPY US) gathered $17.89 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets September 2024: US

Name

Ticker

Assets
($ Mn)
 Sep-24

NNA
($ Mn)
 YTD-24

NNA
($ Mn)
Sep-24

SPDR S&P 500 ETF Trust

SPY US

    588,640.89

               (726.22)

        17,885.40

Vanguard S&P 500 ETF

VOO US

    528,169.74

            71,193.61

        10,220.51

iShares MSCI EAFE Value ETF

EFV US

      19,856.38

                840.73

          4,230.67

Vanguard Total Bond Market ETF

BND US

    118,754.15

            11,743.04

          2,952.82

iShares Core Total USD Bond Market ETF

IUSB US

      33,213.01

             8,679.27

          2,814.43

Vanguard Total Stock Market ETF

VTI US

    437,999.88

            23,822.98

          2,745.29

iShares Broad USD High Yield Corporate Bond ETF

USHY US

      19,577.53

             6,879.77

          2,070.59

iShares Core S&P 500 ETF

IVV US

    526,832.84

            45,368.97

          2,045.81

iShares 7-10 Year Treasury Bond ETF

IEF US

      33,998.77

             5,736.45

          1,829.49

Invesco S&P 500 Equal Weight ETF

RSP US

      64,794.45

             7,875.33

          1,642.05

Blackrock Flexible Income ETF

BINC US

        5,692.48

             5,102.51

          1,584.14

iShares Core MSCI EAFE ETF

IEFA US

    126,780.88

             7,960.59

          1,514.17

Vanguard Russell 2000

VTWO US

      11,745.45

             2,977.89

          1,443.62

SPDR Portfolio S&P 500 ETF

SPLG US

      46,387.15

            14,032.01

          1,377.13

iShares Core U.S. Aggregate Bond ETF

AGG US

    120,186.35

            16,139.67

          1,366.64

Vanguard Total International Stock Index Fund ETF

VXUS US

      79,791.28

             8,488.63

          1,301.76

SPDR Portfolio S&P 500 Value ETF

SPYV US

      24,853.27

             2,065.76

          1,197.90

Invesco Nasdaq 100 ETF

QQQM US

      33,847.36

            10,902.58

          1,170.16

Schwab US Dividend Equity ETF

SCHD US

      61,857.83

             3,988.58

          1,137.60

Vanguard Long-Term Corporate Bond ETF

VCLT US

      14,419.90

             7,126.38

          1,099.49

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The top 10 ETPs by net assets collectively gathered $193.22 Mn during September. ProShares UltraShort DJ-UBS Natural Gas (KOLD US) gathered $81.95 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets September 2024: US

Name

Ticker

Assets
($ Mn)
Sep-24

NNA
($ Mn)
YTD-24

NNA
($ Mn)
Sep-24

ProShares UltraShort DJ-UBS Natural Gas

KOLD US

           131.64

                 (88.08)

              81.95

VanEck Merk Gold ETF

OUNZ US

        1,150.65

                148.06

              30.34

ProShares VIX Short-Term Futures ETF

VIXY US

           163.40

                  (3.38)

              22.04

United States Brent Oil Fund LP

BNO US

           216.35

                  84.61

              12.46

ProShares VIX Mid-Term Futures ETF

VIXM US

            38.98

                    8.40

              11.91

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL US

            27.78

                    9.22

                9.22

Invesco DB US Dollar Index Bearish Fund

UDN US

            63.38

                  (3.23)

                7.53

iPath Bloomberg Commodity Index Total Return ETN

DJP US

           529.43

                 (86.60)

                6.05

ProShares UltraShort Gold

GLL US

            18.06

                  12.04

                5.96

MicroSectors Gold Miners -3X Inverse Leveraged ETN

GDXD US

            32.25

                  28.74

                5.73


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 Investors have tended to invest in Equity ETFs during September.

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: Secure your spot to attend the 5th Annual ETFGI Global ETFs Insights Summits – U.S. at The Yale Club in New York City on October 29th.

The summit is designed to provide the opportunity for traders, portfolio managers, and advisors at buyside institutional investor and financial advisors to examine how ETFs are being used, selected and traded and hear about the most current regulatory, index, product trends: active, bitcoin, crypto, thematic and trading developments that are impacting investors. 

Limited tickets are available, so we encourage you to register now to join us at this exclusive gathering to network and connect with key industry leaders.


SPEAKERS WILL INCLUDE (check our website for updates):

  • Scott Acheychek, COO, REX Financial 
  • Luis Berruga, Founder & Managing Partner, LBS Capital 
  • Eric Biegeleisen, CFA, Partner, Deputy CIO, 3EDGE Asset Management  
  • Jessica Clancy, ETF Strategist, Jane Street 
  • Naomi DePina, ETF Sales Trader, GTS    
  • Deborah Fuhr, Managing Partner, ETFGI and a founder and board member of Women in ETFs and co-president Women in ETFs EMEA 
  • Sandy Kaul, Head of Digital Asset and Industry Advisory Services, Franklin Templeton 
  • Barry Pershkow, Partner, Chapman and Cutler LLP 
  • Anita Rausch, Global Head of ETF Capital Market, AllianceBernstein 
  • Rick Redding, CEO, Index Industry Association 
  • Bruce Saltzman, CFA, Managing Director, Head of Americas ETF Capital Markets, State Street Global Advisors  
  • Peter Shea, Partner, K&L Gates 
  • Ophelia Snyder, Co-Founder and President, 21Shares 
  • Kim Tilley, Managing Director, Head of Investment Solutions, Lazard Asset Management 
  • Jim Toes, President & CEO, Security Traders Association  
  • Richard Vagnoni, Senior Economist, FINRA 
  • Morrison Warren, Co-Chair Investment Management Group, Chapman and Cutler LLP 

TOPICS WILL INCLUDE (check our website for updates):

  • Fireside Chat with Luis Berruga, Industry Veteran 
  • Understanding Market Trends and User Behavior in ETFs
  • The Evolution and Future of Active ETFs 
  • Trends and Insights on FINRA’s Role in Shaping ETFs and Their Use
  • Hot Regulatory Topics - SEC and the Future of ETFs
  • What’s Next for Digital Assets Tokenization
  • Emerging Trends in Model Portfolios and Future Opportunities 
  • International ETF Markets: Regional Insights 
  • Future Perspectives: Insights from Industry Leaders 
  • Future of ETFs: Trends and Analysis by ETFGI 


ADDITIONAL HIGHLIGHTS:


🆓 Free Registration: For CFA members, buy-side institutional investors, and financial advisors.
📚 CPD Credits: Earn educational credits for your professional development.
🎧 On-Demand Access: All sessions will be recorded and accessible after the event.
🌐 Industry Leaders: Engage with ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and more.
🥂 Exclusive In-Person Networking: Networking lunch and a networking drinks reception sponsored by Waystone


You can also register for our 6th Annual ETFGI Global ETFs Insights Summits - #Canada – November 27th in Toronto. Register before October 18th for an early bird discount https://bit.ly/4bu7Mv8

If you are interested in sponsoring or speaking at any of our upcoming events or have any questions, please contact us deborah.fuhr@etfgi.com and margareta.hricova@etfgi.com.