ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, ETFGI reports the ETFs industry in the United States gathered net inflows of US$80 billion in February 2022, bringing year-to-date net inflows to US$99.04 billion. Due to market declines in February the assets invested in the US ETFs/ETPs industry have decreased by 0.6%, from US$6.88 trillion at the end of January, to US$6.84 trillion, according to ETFGI's February 2022 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
- ETF industry turns 32 – the Toronto 35 Index Participation Fund “TIPS” was listed in Canada on the Toronto Stock Exchange on March 9, 1990
- Assets of $6.84 Tn invested in the ETFs industry in the United States at the end of February.
- ETFs industry in the United States gathered net inflows of US$80 billion in February 2022
- YTD net inflows of $99.04 Bn are the second highest on record, after YTD net inflows in 2021 of $153.95 Bn.
- $864.87 Bn in net inflows gathered in the past 12 months.
- Assets decreased 5.1% YTD in 2022, going from $7.21 Tn at end of 2021 to $6.84 Tn.
- 30th month of consecutive net inflows.
- Majority of net inflows have gone into Equity exposure in February and year to date.
“The S&P 500 decreased by 2.99% in February as the world watches the situation in the Ukraine unfold. Developed markets excluding the US, experienced a loss of 1.34% in February. Japan (down 0.59%) and Portugal (down 0.62%) experienced the smallest losses amongst the developed markets in February, while Austria suffered the largest loss of 10.92%. Emerging markets decreased by 3.43% during February. Peru (up 7.07%) and UAE (up 6.02%) gained the most while Russia (down 50.32 %) and Hungary (down 24.63 %) witnessed the largest declines. S&P Dow Jones announced the removal of all stocks domiciled and listed in Russia due to the country’s invasion of Ukraine.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Growth in US ETF and ETP assets as of the end of February 2022
The ETFs industry in the United States had 2,878 ETFs/ETPs, assets of $6.84 Tn, from 246 providers listed on 3 exchanges at the end of February.
During February 2022, ETFs/ETPs gathered net inflows of $80.04 Bn. Equity ETFs/ETPs gathered net inflows of $54.98 Bn over February, bringing year to date net inflows to $68.51 Bn, lower than the $101.57 Bn in net inflows equity products had attracted at this point in 2021. Fixed income ETFs/ETPs had net inflows of $7.82 Bn during February, bringing net outflows for the year through February 2022 to $1.51 Bn, much lower than the $21.85 Bn in net inflows fixed income products had attracted by the end of February 2021. Commodities ETFs/ETPs reported net inflows of $3.04 Bn during February, bringing year to date net inflows to $6.03 Bn, higher than the $2.52 Bn in net outflows commodities products had reported year to date in 2021. Active ETFs/ETPs attracted net inflows of $10.57 Bn over the month, gathering net inflows for the year through February 2022 of $18.02 Bn, less than the $29.33 Bn in net inflows active products had reported in the first two months of 2021.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $55.99 Bn during February. Vanguard S&P 500 ETF (VOO US) gathered $16.07 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets February 2022: US
Name |
Ticker |
Assets |
NNA |
NNA |
Vanguard S&P 500 ETF |
VOO US |
278,098.78 |
20,470.12 |
16,067.93 |
iShares Core S&P 500 ETF |
IVV US |
313,762.90 |
7,338.99 |
8,332.09 |
Vanguard Value ETF |
VTV US |
98,717.61 |
8,304.20 |
6,059.19 |
SPDR S&P 500 ETF Trust |
SPY US |
397,666.33 |
-27,062.76 |
3,495.40 |
Schwab US Dividend Equity ETF |
SCHD US |
34,167.97 |
4,449.59 |
2,646.66 |
iShares Short Treasury Bond ETF |
SHV US |
15,779.91 |
2,625.22 |
2,406.64 |
Vanguard Intermediate-Term Corporate Bond ETF |
VCIT US |
46,450.45 |
1,678.19 |
1,741.45 |
Vanguard Total International Bond ETF |
BNDX US |
46,625.09 |
2,231.18 |
1,520.87 |
Vanguard Short-Term Corporate Bond ETF |
VCSH US |
42,273.24 |
1,507.47 |
1,443.85 |
ProShares UltraPro QQQ |
TQQQ US |
17,120.79 |
4,521.79 |
1,441.65 |
Vanguard Total Stock Market ETF |
VTI US |
276,795.45 |
5,383.26 |
1,336.27 |
VanEck Vectors Semiconductors ETF |
SMH US |
9,038.21 |
2,904.24 |
1,238.32 |
iShares Floating Rate Bond ETF |
FLOT US |
8,750.42 |
1,555.48 |
1,195.69 |
iShares Core MSCI EAFE ETF |
IEFA US |
99,831.89 |
2,909.31 |
1,134.38 |
SPDR Portfolio S&P 500 Value ETF |
SPYV US |
14,183.70 |
1,637.33 |
1,055.87 |
iShares 7-10 Year Treasury Bond ETF |
IEF US |
17,413.53 |
230.79 |
1,052.12 |
SPDR Portfolio Large Cap ETF |
SPLG US |
13,889.28 |
1,289.93 |
997.23 |
iShares iBoxx $ Investment Grade Corporate Bond ETF |
LQD US |
35,822.53 |
-883.54 |
969.46 |
PIMCO Enhanced Short Maturity Strategy Fund |
MINT US |
14,045.08 |
438.93 |
950.37 |
iShares 0-3 Month Treasury Bond ETF |
SGOV US |
1,865.42 |
1,050.19 |
900.17 |
The top 10 ETPs by net new assets collectively gathered $2.94 Bn during February. SPDR Gold Shares (GLD US) gathered $711 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets February 2022: US
Name |
Ticker |
Assets |
NNA |
NNA |
SPDR Gold Shares |
GLD US |
62,133.70 |
3,212.56 |
711.05 |
iShares Gold Trust |
IAU US |
30,588.43 |
448.41 |
483.29 |
Invesco DB Commodity Index Tracking Fund |
DBC US |
3,674.03 |
620.50 |
473.45 |
iShares Silver Trust |
SLV US |
13,291.52 |
361.38 |
280.85 |
iShares S&P GSCI Commodity-Indexed Trust |
GSG US |
1,993.55 |
244.96 |
221.73 |
Invesco DB Agriculture Fund |
DBA US |
1,310.12 |
232.06 |
221.49 |
ProShares Ultra VIX Short-Term Futures |
UVXY US |
891.36 |
-304.52 |
202.88 |
Invesco DB US Dollar Index Bullish Fund |
UUP US |
885.22 |
158.24 |
179.28 |
iPath Bloomberg Commodity Index Total Return ETN |
DJP US |
1,196.70 |
10.95 |
83.47 |
Aberdeen Physical Swiss Gold Shares |
SGOL US |
2,636.33 |
104.10 |
77.86 |
Investors have tended to invest in Equity ETFs/ETPs during February.