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 |
NNA |
NNA |
|
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 |
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 |
NNA |
NNA |
|
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 |
Investors have tended to invest in Equity ETFs during September.
