ETFGI Reports Assets Invested In ETFs Industry In The United States Reached A New Record Of US$8.87 Trillion At The End Of Q1 2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today assets invested in ETFs industry in the United States reached a new record of US$8.87 trillion at the end of Q1 2024. The ETFs industry in the United States reported net inflows of US$103.17 billion during March, bringing year-to-date net inflows to US$232.18 billion, according to ETFGI's March 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 new record of $8.87 Tn at the end of Q1 2024 beating the previous record of $8.54 Tn at the end of February 2024.
• Assets invested in the ETFs industry in the US have increased 9.3% YTD in 2024, going from $8.11 Tn at end of 2023 to $8.87 Tn.
• Net inflows of $103.17 Bn in March.
• YTD net inflows of $232.18 Bn are the second highest on record, the highest recorded YTD net inflows were $252.22 Bn in 2021 and the third highest YTD net inflows wer $196.75 Bn in 2022.
• 23rd month of consecutive net inflows.

“The S&P 500 index increased by 3.22% in March and is up 10.56% YTD in 2024. The developed markets excluding the US index increased by 3.62% in March and is up 5.26% YTD in 2024. Spain (up 10.72%) and Italy (up 6.34%) saw the largest increases amongst the developed markets in March. The Emerging markets index increased by 1.50% during March and was up 2.08% YTD in 2024. Peru (up 10.27%) and Columbia (up 8.19%) saw the largest increases amongst emerging markets in March”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Growth in assets invested in the ETFs industry in the Unites States as of the end of Q1

At the end of March 2024, the ETFs industry in the US had 3,457 products, assets of $8.87 Tn, from 316 providers on   listed on 3 exchanges.

During March, ETFs gathered net inflows of $103.17 Bn. Equity ETFs gathered net inflows of $60.79 Bn during March, bringing YTD net inflows to $106.39 Bn, much higher than the $3.13 Bn in net inflows YTD in 2023. Fixed income ETFs reported net inflows of $9.92 Bn during March, bringing YTD net inflows to $31.70 Bn, lower than the $48.56 Bn in net inflows YTD in 2023. Commodities ETFs reported net inflows of $403.09 Bn during March, bringing YTD net outflows to $5.04 Bn, more than the $166.23 Mn in net outflows YTD in 2023. Active ETFs attracted net inflows of $25.39 Bn during the month, gathering YTD net inflows of $63.05 Bn, much higher than the $27.27 Bn in net inflows YTD in 2023.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $67.93 Bn during March SPDR S&P 500 ETF Trust (SPY US) gathered $14.07 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets March 2024: US

The top 10 ETPs by net assets collectively gathered $1.04 Bn during March. SPDR Gold Shares (GLD US) gathered $520.21 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets March 2024: US

 Investors have tended to invest in Equity ETFs during March.