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ETFGI Reports ETFs And ETPs Listed In The U.S. Gained Net Inflows Of US$10.15 Billion In February Bring Year-To-Date Net Inflows To US$52.05 Billion

Date 16/03/2020

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in US gained net inflows of US$10.15 billion during February, bringing year-to-date net inflows to US$52.05 billion which is higher than the US$21.93 billion inflows gathered at this point last year. Assets invested in the US ETFs/ETPs industry have decreased by 5.9%, from US$4.44 trillion at the end of January, to US$4.18 trillion, according to ETFGI's February 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • At the end of February 2020, ETFs/ETPs listed in US attracted $10.15 billion in net inflows with Fixed Income products dominating all other asset classes.
  • Year-to-date net inflows of $52.05 billion are higher than the $21.93 billion had gathered by end of February 2019.
  • Assets of $4.18 trillion invested in the US ETFs/ETPs industry are the 4th largest on record.

At the end of February, the S&P 500 was down 8.2% as coronavirus cases continued to spread and the potential economic impact weighed on investors and the markets.   Outside the U.S., the S&P Developed ex-U.S. BMI declined nearly 9.0%.  The S&P Emerging BMI lost 5.1% during the month. Global equities as measured by the S&P Global BMI ended down 8.1% with 49 of 50 included country indices down, while China gained 0.9%.”  According to Deborah Fuhr, managing partner, founder and owner of ETFGI.


Growth in US ETF and ETP assets as of the end of February 2020 – see the chart at www.ETFGI.com

At the end of February 2020, the US ETFs/ETPs industry had 2,350 ETFs/ETPs, from 158 providers on 3 exchanges.

At the end of February 2020, ETFs/ETPs gathered net inflows of $10.15 billion. Equity ETFs/ETPs listed in US reported net outflows of $7.49 billion during February, bringing YTD net inflows for 2020 to $12.45 billion, which is much greater than the $2.74 billion in net outflows Equity products suffered for the corresponding period in 2019.  Fixed Income ETFs/ETPs listed in US attracted net inflows of $10.71 billion during February, bringing YTD net inflows for 2020 to $24.31 billion, slightly higher than the $22.12 billion in net inflows for the corresponding period in 2019. Commodity ETFs/ETPs reported net inflows of $2.43 billion, bringing the YTD net inflows to
$4.31 billion for 2020, which is higher than the $471 million in net inflows year to date 2019.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $34.26 billion at the end of February, the iShares Core S&P 500 ETF (IVV US) gathered $6.88 billion alone.

Top 20 ETFs by net new assets February 2020: US

Name

Ticker

Assets
(US$ Mn)
 Feb-20

NNA
(US$ Mn)
 YTD-20

NNA
(US$ Mn)
 Feb-20

iShares Core S&P 500 ETF

IVV US

  190,417.60

  9,097.11

  6,882.87

Vanguard S&P 500 ETF

VOO US

  129,191.01

  5,279.51

  3,349.26

Vanguard Total Stock Market ETF

VTI US

  130,322.87

  5,368.43

  2,862.39

iShares Core U.S. Aggregate Bond ETF

AGG US

   76,410.61

  4,602.55

  2,439.28

iShares 7-10 Year Treasury Bond ETF

IEF US

   21,479.46

  2,677.01

  1,795.82

Vanguard Total Bond Market ETF

BND US

   54,284.29

  4,014.69

  1,737.60

Vanguard FTSE Developed Markets ETF

VEA US

   73,846.64

  3,414.21

  1,733.70

Invesco QQQ Trust

QQQ US

   84,631.00

     401.03

  1,395.04

Vanguard Intermediate-Term Corporate Bond ETF

VCIT US

   29,785.60

  3,210.54

  1,323.52

SPDR Bloomberg Barclays Mortgage Backed Bond ETF

SPMB US

     2,136.70

  1,356.42

  1,275.16

Consumer Staples Select Sector SPDR Fund

XLP US

   13,161.83

     773.11

  1,178.02

iShares Broad USD High Yield Corporate Bond ETF

USHY US

     4,464.68

  1,714.98

  1,152.40

Vanguard Total International Stock Index Fund ETF

VXUS US

   18,499.81

  1,730.22

  1,013.56

Vanguard Total International Bond ETF

BNDX US

   27,085.33

  2,080.56

     976.00

Energy Select Sector SPDR Fund

XLE US

     8,705.39

     279.96

     975.95

Utilities Select Sector SPDR Fund

XLU US

   11,814.18

  1,393.62

     964.40

iShares 3-7 Year Treasury Bond ETF

IEI US

     9,923.53

     (92.55)

     840.41

iShares MSCI USA Minimum Volatility ETF

USMV US

   35,816.85

     874.74

     798.44

SPDR Bloomberg Barclays Intermediate Term Treasury ETF

SPTI US

     2,040.51

     953.29

     791.68

iShares Core MSCI EAFE ETF

IEFA US

   68,800.62

  3,364.18

     778.40

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 

The top 10 ETPs by net new assets collectively gathered $3.09 billion at the end of February. The SPDR Gold Shares
(GLD US) gathered $1.6 billion alone.

Top 10 ETPs by net new assets February 2020: US

Name

Ticker

Assets
(US$ Mn)
 Feb
-20

NNA
(US$ Mn)
YTD 2020

NNA
(US$ Mn)

Feb-20

SPDR Gold Shares

GLD US

   47,209.90

  2,106.43

  1,596.86

iShares Gold Trust

IAU US

   19,551.83

     910.46

     312.97

United States Oil Fund LP

USO US

     1,362.48

     588.33

     274.67

VelocityShares 3x Long Crude Oil ETN

UWT US

        495.86

     609.78

     270.81

ProShares Ultra DJ-UBS Crude Oil

UCO US

        407.64

     308.47

     183.74

SPDR Gold MiniShares Trust

GLDM US

     1,402.80

     203.60

     108.03

iShares Silver Trust

SLV US

     6,316.55

      95.43

     107.55

Large Cap Growth Index-Linked Exchange Traded Notes due 2028

FRLG US

     1,229.45

      84.16

      84.16

Aberdeen Physical Swiss Gold Shares

SGOL US

     1,462.78

     189.66

      81.74

iShares S&P GSCI Commodity-Indexed Trust

GSG US

        715.38

      91.36

      72.39

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 Investors have tended to invest in Fixed Income ETFs.