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ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in the US increased by $219 Bn or 6.40% in January 2018 to reach a record high of US$3.64 trillion, this represents the greatest monthly growth in assets since October 2015, when assets increased by $150 Bn. (All dollar values in USD unless otherwise noted.)
According to ETFGI’s January 2018 US ETF and ETP industry insights report, an annual paid-for research subscription service, the US ETF industry had 2,157 ETFs and ETPs, assets of US$3.64 Tn, from 132 providers listed on 4 exchanges.
Highlights
- Assets invested in ETFs/ETPs listed in the US increased by a record $219 billion during January to reach a new high of $3.64 trillion
- In January 2018, ETFs and ETPs listed in the US gathered net inflows of $78.8 billion
- Assets in Equity ETFs/ETPs increased by 7.45% in January, which is significantly more than the 1.01% increase in Fixed Income ETFs/ETPs
This record was achieved on the eve of another milestone for the ETF industry: the 25th anniversary of the listing of the first ETF in the US, the venerable SPDR S&P 500 ETF (SPY US), on 22nd January 1993. At the end of January 2018, SPY on its own accounted for assets of $307 Bn.
January 2018 marked the 24th consecutive month of net inflows into ETFs/ETPs listed in the US, with $78.8 Bn gathered during the month; 88.3% more than net inflows at this point last year.
The majority of these flows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $60.9 Bn in January 2018. The SPDR S&P 500 ETF Trust (SPY US) on its own accounted for net inflows of $19.8 Bn.
Top 20 ETFs by net new assets: US
Similarly, the top 10 ETPs by net new assets collectively gathered $3.54 Bn during January 2018.
Top 10 ETPs by net new assets: US
Equity ETFs/ETPs listed in the US saw net inflows of $64.8 Bn in January and Fixed Income ETFs and ETPs gathered net inflows of $8.78 Bn. Investors have tended to invest in core, market cap and lower cost ETFs in January 2018.
