ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in ETFs industry in the United States reached a record of US$7.6 trillion at the end of July. During July, the ETFs industry in the United States gathered net inflows of US$56.74 billion, bringing year-to-date net inflows to US$284.67 billion. Assets have increased 16.8% YTD in 2023, going from $6.51 trillion at end of 2022 to $7.6 trillion at the end of July, according to ETFGI's July 2023 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 $7.6 Tn at the end of July
- Assets have increased 16.8% YTD in 2023, going from $6.51 Tn at end of 2022 to $7.6 Tn.
- Net inflows of $56.74 Bn in July 2023.
- YTD net inflows of $284.67 Bn are the third highest on record, while the highest recorded YTD net inflows are $523.89 Bn for 2021 and YTD net inflows of $343.03 Bn in 2022.
- 15th month of consecutive net inflows.
“The S&P 500 increased by 3.21% in July and is up 20.65% year-to-date in 2023. Developed markets excluding the US increased by 3.62% in July and are up 15.09% YTD in 2023. Norway (up 8.97%) and Israel (up 8.06%) saw the largest increases amongst the developed markets in July. Emerging markets increased by 6.15% during July and are up 11.08% YTD in 2023. Turkey (up 20.52%) and Pakistan (up 15.89%) saw the largest increases amongst emerging markets in July.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
ETFs industry in the United States asset growth as of the end of July
At the end of July, the ETFs industry in the United States had 3,180 products, assets of $7.6 Tn, from 289 providers listed on 3 exchanges.
During July, ETFs gathered net inflows of $56.74 Bn. Equity ETFs gathered net inflows of $35.65 Bn during July, bringing YTD net inflows to $119.13 Bn, significantly lower than the $166.32 Bn in net inflows YTD in 2022. Fixed income ETFs reported net inflows of $12.52 Bn during July, bringing YTD net inflows to $102.28 Bn, higher than the $92.05 Bn in net inflows YTD in 2022. Commodities ETFs/ETPs reported net outflows of $1.58 Bn during July, bringing YTD net outflows to $1.61 Bn significantly lower than the $4.19 Bn in net inflows YTD in 2022. Active ETFs attracted net inflows of $11.32 Bn over the month, gathering net inflows for the year in the US of $62.77 Bn, higher than the $58.20 Bn in net inflows active products had reported YTD in 2022.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $50.51 Bn during July. iShares Core S&P 500 ETF (IVV US) gathered $9.91 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets July 2023: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
iShares Core S&P 500 ETF |
IVV US |
352,722.75 |
10,330.69 |
9,906.51 |
|
iShares 20+ Year Treasury Bond ETF |
TLT US |
43,188.06 |
16,476.45 |
4,803.91 |
|
Vanguard S&P 500 ETF |
VOO US |
339,984.69 |
24,888.36 |
4,349.36 |
|
iShares Core S&P Mid-Cap ETF |
IJH US |
75,773.69 |
4,385.28 |
3,705.75 |
|
iShares Treasury Floating Rate Bond ETF |
TFLO US |
9,532.59 |
5,154.25 |
3,272.10 |
|
Invesco S&P 500 Equal Weight ETF |
RSP US |
44,119.11 |
8,090.18 |
3,227.76 |
|
Vanguard Total Stock Market ETF |
VTI US |
320,432.20 |
10,615.85 |
2,756.51 |
|
iShares Core U.S. Aggregate Bond ETF |
AGG US |
94,063.77 |
10,999.14 |
2,273.46 |
|
Vanguard Intermediate-Term Treasury ETF |
VGIT US |
15,434.29 |
2,292.29 |
2,037.00 |
|
Financial Select Sector SPDR Fund |
XLF US |
35,789.08 |
3,638.88 |
1,818.45 |
|
iShares MSCI EAFE Value ETF |
EFV US |
17,107.81 |
286.51 |
1,641.11 |
|
iShares S&P 500 Growth ETF |
IVW US |
35,788.99 |
985.68 |
1,560.89 |
|
Vanguard Short-Term Corporate Bond ETF |
VCSH US |
36,408.97 |
(4,569.98) |
1,493.80 |
|
Vanguard Long-Term Treasury ETF |
VGLT US |
7,377.94 |
3,467.18 |
1,327.68 |
|
Vanguard Total Bond Market ETF |
BND US |
95,278.08 |
9,919.05 |
1,219.82 |
|
Invesco QQQ Trust |
QQQ US |
210,601.59 |
2,058.04 |
1,207.97 |
|
iShares 0-3 Month Treasury Bond ETF |
SGOV US |
12,038.37 |
4,590.31 |
1,103.71 |
|
Energy Select Sector SPDR Fund |
XLE US |
36,389.02 |
(3,314.31) |
971.33 |
|
Vanguard Total International Bond ETF |
BNDX US |
50,931.74 |
5,141.03 |
940.32 |
|
VanEck Vectors Semiconductors ETF |
SMH US |
10,643.89 |
801.90 |
889.67 |
The top 10 ETPs by net assets collectively gathered $462.16 Mn during July. ProShares UltraShort DJ-UBS Crude Oil (SCO US) gathered $158.41 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets July 2023: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
ProShares UltraShort DJ-UBS Crude Oil |
SCO US |
221.16 |
(14.64) |
158.41 |
|
iPath Series B S&P 500 VIX Short-Term Futures ETN |
VXX US |
403.65 |
366.58 |
80.29 |
|
United States Natural Gas Fund LP |
UNG US |
1,124.70 |
1,077.38 |
53.59 |
|
ProShares Ultra DJ-UBS Natural Gas |
BOIL US |
1,085.55 |
1,698.67 |
46.45 |
|
ProShares UltraShort Silver |
ZSL US |
58.19 |
23.42 |
40.61 |
|
MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 |
FNGD US |
196.61 |
323.09 |
36.81 |
|
Teucrium Wheat Fund |
WEAT US |
191.90 |
(9.88) |
21.00 |
|
iPath Series B S&P 500 VIX Mid-Term Futures ETN |
VXZ US |
51.03 |
22.91 |
10.08 |
|
Teucrium Corn Fund |
CORN US |
104.62 |
(29.56) |
8.32 |
|
Invesco CurrencyShares Japanese Yen Trust |
FXY US |
235.55 |
69.75 |
6.62 |
|
