According to ETFGI, the global ETF industry hit a record US$17.85 trillion in assets under management as of August month-end
Press Release
LONDON — September 17, 2025 — ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today that assets invested in the ETFs industry globally reached a new record of US$17.85 trillion at the end of August. During August, the ETFs industry globally gathered net inflows of US$183.04 billion, bringing year-to-date net inflows to a record US$1.27 trillion, according to ETFGI's August 2025 Global ETFs 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)
Global ETF Industry Highlights – August Month-End
- Record AUM: Assets invested in ETFs globally reached a new all-time high of US$17.85 trillion at the end of August, surpassing the previous record of US$17.34 trillion set in July 2025.
- Strong YTD Growth: Assets have grown 20.2% year-to-date, rising from US$14.85 trillion at the end of 2024.
- Robust Inflows: August saw US$183.04 billion in net inflows.
- Historic YTD Inflows: Year-to-date net inflows of US$1.27 trillion mark the highest on record, exceeding the previous highs of US$1.07 trillion in 2024 and US$833.40 billion in 2021.
- 12-Month Momentum: Over the past 12 months, ETFs have gathered US$2.08 trillion in net inflows.
- Consistent Growth: August marked the 75th consecutive month of net inflows.
- The Global ETFs industry has 14,662 products, with 29,050 listings, assets of $17.85 Tn, from 896 providers on 81 exchanges in 63 countries.
- iShares remains the largest ETF provider globally, with US$5.06 trillion in assets under management, representing a 28.3% market share. Vanguard ranks second with US$3.87 trillion and a 21.7% share. SPDR ETFs follows in third place with US$1.82 trillion, accounting for 10.2% of the market. Together, these top three providers—out of a total of 896—control 60.2% of global ETF assets. The remaining 893 providers each hold less than 5% market share individually.
“The S&P 500 index rose 2.03% in August, bringing its year-to-date gain to 10.79%. Developed markets excluding the US index advanced 4.29% during the month, and are now up 24.56% year-to-date. Among developed markets, Denmark (+6.37%) and Japan (+6.24%) experienced the largest declines in August. Emerging markets index posted a 2.48% gain in August, with year-to-date performance reaching +16.04%. Chile (+9.63%) and Brazil (+8.46%) led the gains among emerging markets during the month,” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Growth in assets in the Global ETFs industry as of the end of August
Global ETFs industry Net Asset Flows – end of August 2025
Total Net Inflows: ETFs globally gathered US$183.04 billion in net inflows during August.
Equity ETFs: Attracted US$75.25 billion in net inflows for the month, bringing year-to-date (YTD) inflows to US$553.06 billion—slightly below the US$590.37 billion recorded by this point in 2024.
Fixed Income ETFs: Reported US$48.43 billion in August inflows, pushing YTD inflows to US$264.87 billion, ahead of the US$221.89 billion gathered by the end of August 2024.
Commodities ETFs: Saw US$7.68 billion in net inflows during August, with YTD inflows reaching US$52.64 billion, a sharp reversal from the US$1.29 billion in net outflows reported YTD in 2024.
Active ETFs: Drew US$53.39 billion in net inflows in August, bringing YTD inflows to US$377.13 billion, significantly higher than the US$212.63 billion recorded YTD in 2024.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $58.27 Bn during August. Vanguard S&P 500 ETF (VOO US) gathered $9.17 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets August 2025: Global
|
Name |
|
Ticker |
Assets |
NNA |
NNA |
|
Vanguard S&P 500 ETF |
|
VOO US |
734,246.24 |
81,044.84 |
9,172.44 |
|
iShares Core S&P 500 ETF |
|
IVV US |
652,636.25 |
16,626.22 |
4,763.14 |
|
Vanguard Short-Term Corporate Bond ETF |
|
VCSH US |
39,349.38 |
3,860.81 |
4,150.07 |
|
iShares iBoxx $ Investment Grade Corporate Bond ETF |
|
LQD US |
30,241.75 |
459.65 |
3,549.68 |
|
iShares 0-3 Month Treasury Bond ETF |
|
SGOV US |
55,317.64 |
25,368.09 |
3,534.47 |
|
iShares Ethereum Trust |
|
ETHA US |
16,418.72 |
9,600.06 |
3,382.44 |
|
SPDR Portfolio S&P 500 ETF |
|
SPLG US |
83,856.10 |
22,856.97 |
3,042.64 |
|
Vanguard Intermediate-Term Corporate Bond ETF |
|
VCIT US |
57,273.69 |
6,577.19 |
2,921.48 |
|
SPDR Gold Shares |
|
GLD US |
105,640.32 |
10,949.00 |
2,577.33 |
|
Bosera CSI Convertible Bond and Exchangeable Bond ETF |
|
511380 CH |
8,975.02 |
2,828.02 |
2,374.86 |
|
Invesco Nasdaq 100 ETF |
|
QQQM US |
58,797.73 |
13,934.24 |
2,217.33 |
|
Vanguard Total Bond Market ETF |
|
BND US |
135,819.57 |
11,521.02 |
2,119.14 |
|
Vanguard Total Stock Market ETF |
|
VTI US |
523,580.36 |
23,944.58 |
2,013.10 |
|
Vanguard FTSE Developed Markets ETF |
|
VEA US |
172,363.19 |
8,169.02 |
1,996.59 |
|
Capital Group Municipal High-Income ETF |
|
CGHM US |
2,109.61 |
2,023.36 |
1,870.13 |
|
Janus Henderson AAA CLO ETF |
|
JAAA US |
25,049.18 |
8,407.83 |
1,815.24 |
|
Fullgoal CSI Hong Kong Connect Internet ETF |
|
159792 CH |
10,605.15 |
5,808.86 |
1,755.36 |
|
iShares Core MSCI EAFE ETF |
|
IEFA US |
149,481.18 |
6,077.28 |
1,749.16 |
|
Vanguard Growth ETF |
|
VUG US |
186,428.40 |
10,447.94 |
1,666.90 |
|
iShares Core U.S. Aggregate Bond ETF |
|
AGG US |
130,617.52 |
7,595.85 |
1,595.49 |
The top 10 ETPs by net new assets collectively gathered $3.30 Bn over August. iShares Physical Gold ETC (SGLN LN) gathered $877.21 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets August 2025: Global
|
Name |
|
Ticker |
Asset |
NNA |
NNA |
|
|
SGLN LN |
25,227.93 |
3,032.61 |
877.21 |
|
|
Invesco Physical Gold ETC - Acc |
|
SGLD LN |
23,666.18 |
1,482.35 |
632.10 |
|
Fidelity Ethereum Fund |
|
FETH US |
3,416.36 |
1,177.21 |
493.44 |
|
iPath Series B S&P 500 VIX Short-Term Futures ETN |
|
VXX US |
824.61 |
705.07 |
349.27 |
|
WisdomTree Copper |
|
COPA LN |
1,044.69 |
(295.56) |
236.50 |
|
Grayscale Ethereum Mini Trust ETF |
|
ETH US |
3,057.88 |
794.87 |
198.62 |
|
AMUNDI PHYSICAL GOLD ETC (C) - Acc |
|
GOLD FP |
8,577.75 |
1,295.79 |
152.63 |
|
Xtrackers IE Physical Gold ETC Securities |
|
XGDU LN |
6,318.09 |
(752.71) |
147.63 |
|
ProShares Ultra DJ-UBS Natural Gas |
|
BOIL US |
535.63 |
195.22 |
114.15 |
|
WisdomTree Physical Gold - GBP Daily Hedged |
|
GBSP LN |
2,485.37 |
296.31 |
101.74 |
Investors have tended to invest in Equity ETFs during August.
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 to join us at our 6th Annual ETFGI Global ETFs Insights Summit - Middle East/ GCC on October 7th in Abu Dhabi at ADGM.
The summit is designed to be an educational event fostering discussions will address key trends shaping the wealth, private banking, and asset management landscape in the Middle East region including looking at the Exchange Traded Funds “ETFs”. We will discuss best practices in the due diligence, selection, and trading of local, US and UCITS ETFs by financial advisors and institutional investors in the GCC – with a specific focus on the UAE, Saudi Arabia and Qatar. Hear from industry leaders from ETF issuers, regulators, investors, exchanges, and trading firms who will share insights on product development, regulations, trading practices, and technological advancements shaping ETF innovation and usage.
Topics will include:
- Trends in the ETFs Industry - ETFGI Research
- Saudi-HK Connect Cross-Border ETF Innovation, Reshaping Regional Investment
- Regulatory Framework for ETFs & Funds in the UAE and GCC
- Navigating a Successful Career in the UAE – Insights from Senior Women Leaders
- Investor Trends in the UAE – GCC
- Best Practices When Selecting and Investing in ETFs
- How Investors are Using ETFs in the UAE - GCC
- Understanding ETF Trading and Liquidity
- Accessing India
- Future Outlook for Asset Management and ETFs in a UAE – GCC
- Networking Drinks Reception
Speakers will include:
- Haitham Fahad Alrashed, Director, Head of Corporate Development and Strategy, Albilad Capital
- Aniruddha Chatterjee, CEO, Indices and Data, NSE
- Mohamed Dagher, Director - Relationship Manager, Euroclear
- Biswajit Dasgupta, Chief Investment Officer, Asas Capital
- Rocio Echague, Head of Securities Services, MENA ex. Saudi, Markets & Securities Services, HSBC Bank Middle East
- Houda Ennebati, Head of Xtrackers ETF Sales - France & MENA, DWS Group
- Silvia Flesia, Chief Investment Officer, Enspire
- Farah Foustok, Founding Partner, ALARA Partners
- Deborah Fuhr, Managing Partner, Founder, ETFGI
- Geoffroy Hermanns, Partner, Norton Rose Fulbright
- Akber Khan, Acting Chief Executive Officer, AL Rayan Investment
- Frank Koudelka, Senior Vice President – ETF Product Solutions, State Street
- Laurent Lepoivre , ETF & Cross Asset Solutions, Tradition
- Daniela Mandacaru, Director - Wealth & Asset Management Consulting Business Leader, EY
- Ibrahim Masood, Senior Vice President, Sr. Director, Equity Portfolio Management, Mashreq Capital
- Mohsin Mujtaba, Director, Product and Market Development, Qatar Stock Exchange
- Luca Pagni, Head of ETF fixed income - Portfolio Manager, BNP Paribas Asset Management
- Rachel Pether CFA, Head of MENA, 3iQ
- Hemal Purohit, Managing Director, Cross Asset Sales, Clear Street
- Sherif Salem, Partner & Head of Public Markets, Lunate
- Talal Samhouri, CFA, Executive Director - Asset Management, Aventicum Capital Management
- Annie Shum, Managing Director, Head of Business Strategy & International Sales, CSOP Asset Management Limited
- Ameni Takouri, Institutional Sales & Trading, Jane Street
- Aymen Triki, Acting Chief Capital Market Officer/ Director (Sales & Relationship Management), Abu Dhabi Securities Exchange
Don’t miss this opportunity to explore key trends and network with experts driving the future of ETFs. Register now to join us!
📅Event Date: October 7th
📍Location: ADGM, Abu Dhabi
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📋View the agenda, speakers, and topics from last year's successful ETFGI Global ETFs Insights Summit - Middle East: https://bit.ly/3ZDwyoU
Upcoming 2025 ETFGI Global ETFs Insights Summits schedule:
- 6th Annual - United States in New York on November 5 at The Yale Club. Register now.
- 7th Annual - Canada - Join us to Celebrate 35 Years of ETFs in Canada at Borden Ladner Gervais LLP (BLG)’s office on Dec 9th in Toronto! Register now.
ETFGI (www.ETFGI.com) is a leading independent firm which has for over 13 years provided subscription research services providing monthly reports covering trends in the global ETFs ecosystem, factsheets on all ETFs and ETPs listed globally, consulting services, ETF TV (www.ETFtv.net) and our Annual ETFGI Global ETFs Insights Summit educational events.
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