ETFGI reports Active ETFs Smash Records: Assets Top US$2 Trillion on Highest‑Ever Monthly Inflows
Press Release
LONDON — February 26, 2026 — ETFGI reported today that assets invested in the actively managed ETFs industry globally reached a new record of US$2.04 trillion at the end of January. During January the actively managed ETFs industry globally gathered record monthly net inflows of US$76.43 billion, according to ETFGI's January 2026 Active ETF industry landscape insights report, an annual paid-for research subscription service. ETFGI is a 14 year old leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends (All dollar values in USD unless otherwise noted.)
- Assets invested in actively managed ETFs globally reached a record US$2.04 trillion at the end of January, exceeding the previous record of US$1.92 trillion set at the end of December 2025.
- Assets rose 5.8% year‑to‑date in 2026, increasing from US$1.92 trillion to US$2.04 trillion.
- January net inflows totaled US$76.43 billion, the highest on record, surpassing January 2025 (US$51.71 billion) and January 2024 (US$24.71 billion).
- January marked the 70th consecutive month of net inflows into the actively managed ETFs industry.
- Actively managed equity ETFs and ETPs gathered US$42.81 billion in net inflows during January.
“The S&P 500 rose 1.45% in January. Developed markets excluding the US gained 6.15% in, with Korea (+26.73%) and Luxembourg (+18.64%) posting the strongest increases among developed markets. Emerging markets climbed 5.50% in January, led by Peru (+26.23%) and Colombia (+23.24%)”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
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Growth in assets in the actively managed ETFs industry as of end of January
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.
The actively managed ETFs industry globally has 4,747 ETFs, with 6,342 listings, assets of $2.04 Tn, from 674 providers listed on 46 exchanges in 36 countries at the end of January.
Dimensional is the largest provider of actively managed ETFs globally, with US$272.31 billion in assets under management, representing a 13.4% market share. J.P. Morgan Asset Management ranks second with US$259.78 billion in assets and a 12.8% market share, followed by iShares with US$122.65 billion and a 6.0% market share. Collectively, the top three providers account for 32.1% of global actively managed ETF assets, highlighting a moderate level of industry concentration. The remaining 671 providers, out of 674 globally, each hold less than 6% market share.
Net flows
- Investor demand for actively managed ETFs remained robust across asset classes in January
Equity‑focused actively managed ETFs/ETPs listed globally attracted US$42.81 billion in net inflows during January, well above the US$26.38 billion recorded in January 2025.
- Fixed income‑focused actively managed ETFs/ETPs reported US$28.50 billion in net inflows, higher than the US$21.20 billion gathered in January 2025.
Substantial inflows can be attributed to the top 20 active ETFs by net new assets, which collectively gathered $23.02 Bn during January. BNY Mellon Municipal Opportunities ETF (BMOP US) gathered $1.86 Bn, the largest individual net inflow.
Top 20 actively managed ETFs by net new assets January
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available
Investors have tended to invest in Equity actively managed ETFs during January.
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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