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ETFGI Reports Assets Invested In ETFs and ETPs Listed In The US Reached A New High Of $3.71 Trillion At The End Of August 2018

Date 14/09/2018

ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the US reached a new high of US$3.71 Tn in assets, following net inflows of US$24.71 Bn in August, according to ETFGI’s August 2018 US ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)

Highlights

  • Total Assets in ETFs and ETPs listed in the US reached a record $3.71 Tn at the end August.
  • Net new assets gathered by ETFs/ETPs listed in the US were $24.71 Bn in August.
  • Equity products gathered the largest net inflows during August with $19.67 Bn, while commodity ETFs/ETPs experienced the largest net outflows with $2.59 Bn.


“On August 22, 2018 the S&P 500 marked its longest bull market -  3,453 days, without a bear market - a 20% drop from the index’s 52-week high. August was a strong month for U.S. equities with economic strength and strong corporate earnings pushing the S&P 500 to reach record highs and gain 3.26% during the month and up 9.94% year to date.  Most non-US markets suffered declines during August due to investors’ concerns over trade tensions, Brexit, currency crises and a fear of contagion.  Developed markets ex US declined 1.44% in August while up 0.46% YTD, EM markets were down 3.51% and are down 0.81% YTD and Frontier markets were down 4.50% and are down 1.66% YTD.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of August 2018, the US ETF/ETP industry had 2,173 ETFs/ETPs, assets of $3.71 Tn, from 143 providers listed on 3 exchanges. Due to net inflows and market moves the assets invested in ETFs/ETPs listed in the US increased by 2.11%, from $3.63 Tn in July 2018 to $3.71 Tn.
.

Growth in US Listed ETF and ETP assets as of the end of August 2018


 

Equity ETFs/ETPs listed in the US gathered net inflows of $19.67 Bn in August, bringing net inflows for 2018 to $109.44 Bn, less than the $200.41 Bn in net inflows at this point last year.

Fixed Income ETFs and ETPs listed in the US gathered net inflows of $4.90 Bn in August, growing net inflows for 2018 to $51.50 Bn, less than the $84.34 Bn in net inflows at this point last year.  

Commodity ETFs/ETPs listed in the US saw net outflow of $2.59 Bn in August, bringing net outflows for 2018 to $3.55 Bn, greater than the $265 Mn in net outflows at this point last year.

A large proportion of net inflows in August can be attributed to the top 20 ETFs by net new assets, which collectively gathered $26.30 Bn. The iShares Core S&P 500 ETF (IVV US) gathered $6.59 Bn the largest net inflows in August. 

Top 20 ETFs by net new assets August 2018: US

Name Ticker Assets
(US$ Mn)
 Aug-18
ADV
(US$ Mn)
Aug-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Aug-18
iShares Core S&P 500 ETF IVV US  161,885  1,058  9,981  6,587
Invesco QQQ Trust QQQ US  73,959  6,054  4,565  3,935
Vanguard S&P 500 ETF VOO US  99,863  651  7,892  1,919
JPMorgan BetaBuilders Canada ETF BBCA US  1,479  (211)  1,477  1,477
iShares iBoxx $ High Yield Corporate Bond ETF HYG US  17,229  983  (288)  1,476
iShares Core MSCI Emerging Markets ETF IEMG US  49,082  724  10,690  1,307
Consumer Discretionary Select Sector SPDR Fund XLY US  15,905  584  608  1,195
JPMorgan BetaBuilders Europe ETF BBEU US  1,338  49  1,325  925
Vanguard Value ETF VTV US  43,764  139  5,439  821
VanEck Vectors Gold Miners ETF GDX US  8,173  1,089  2,426  708
iShares China Large-Cap ETF FXI US  4,642  1,348  1,138  678
iShares Core S&P Mid-Cap ETF IJH US  50,459  277  2,797  643
iShares Core MSCI EAFE ETF IEFA US  58,382  452  18,708  640
JPMorgan BetaBuilders Developed Asia EX-Japan ETF BBAX US  620  (312)  621  621
iShares Core S&P Small-Cap ETF IJR US  47,643  343  4,874  599
iShares Edge MSCI USA Momentum Factor ETF MTUM US  10,320  97  3,830  573
JPMorgan Ultra-Short Income ETF JPST US  2,267  53  2,155  572
iShares MSCI USA Minimum Volatility ETF USMV US  16,236  92  80  572
Health Care Select Sector SPDR Fund XLV US  18,297  587  (189)  527
iShares 1-3 Year Treasury Bond ETF SHY US  13,739  156  2,486  524


The top 10 ETPs by net new assets collectively gathered $899 Mn by the end of August 2018. 

Top 10 ETPs by net new assets August 2018: US

Name        Ticker Assets
(US$ Mn)
 Aug-18
ADV
(US$ Mn)
Aug-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Aug-18
iPath S&P 500 VIX Short-Term Futures VXX US  980  1,158  (355)  227
VelocityShares Daily 2x VIX Short Term TVIX US  531  345  537  174
VelocityShares Daily 3x Inverse Natural Gas DGAZ US  311  128  84  137
MicroSectors FANG+ Index 3X Leveraged due January 8, 2038 FNGU US  158  6  135  77
MicroSectors FANG Index 2X Leveraged FNGO US  56  (0)  53  53
iShares Gold Trust IAU US  10,185  147  927  53
MicroSectors FANG Index Inverse GNAF US  47  (0)  49  49
MicroSectors FANG Index 2X Inverse Leveraged FNGZ US  44  (0)  47  47
Large Cap Growth Index-Linked ETNs due 2028 FRLG US  322  4  286  43
Invesco DB US Dollar Index Bullish Fund UUP US  550  24  (11)  41




Investors have tended to invest in core, market cap and lower cost ETFs in August.