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ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the US gathered US$31.58 Bn net inflows during May 2018.
Year-to-date net inflows into US listed ETFs/ETPs reached US$124.80 Bn at the end of May which is significantly less than the US$200.81 Bn compared to this point last year. (All dollar values in USD unless otherwise noted.)
Highlights
- ETFs and ETPs listed in the US gathered $31.58 Bn net inflows during May 2018 after suffering net outflows in the second and third month of the year
- US-listed Equity ETFs/ETPs gathered $23.90 Bn net inflows during May 2018, followed by Fixed Income with $5.67 Bn and Active ETFs/ETPs with $2.43 Bn
- In May 2018, 13 new ETFs/ETPs were launched by 11 providers while 3 ETFs/ETPs were closed compared to 59 in April 2018
At the end of May 2018, the US ETF industry had 1,889 ETFs, assets of $3.462 Tn, from 120 providers on 3 exchanges. At the end of May 2018, the US ETF/ETP industry had 2,146 ETFs/ETPs, assets of $3.553 Tn, from 139 providers on 3 exchanges.
Overall the assets invested in ETFs/ETPs listed in the US increased by 2.12% during May 2018. The increase of 2.12%, from $3.480 Tn at the end of April 2018 to $3.553 Tn at the end of May, also represents the highest monthly growth in assets since January 2018, which saw a monthly increase of 6.38% from $3.423 Tn to $3.642 Tn.
US ETF and ETP asset growth as at the end of May 2018
May 2018 marked the 2nd consecutive month of net inflows in ETFs/ETPs listed in the US, which saw $31.58 Bn in net inflows. At this point last year, year-to-date net inflows were 37.85% higher, with $200.81 Bn gathered during the first five months of 2017.
The majority of these flows can be attributed to the top 20 ETFs by net inflows, which collectively have gathered $83.53 Bn during 2018.
The iShares Core MSCI EAFE ETF (IEFA US) on its own accounted for net inflows of $17.14 Bn.
Top 20 ETFs by net YTD net inflows: US
| Name | Ticker | Assets (US$ Mn) May-18 |
ADV (US$ Mn) May-18 |
NNA (US$ Mn) YTD 2018 |
| iShares Core MSCI EAFE ETF | IEFA US | 58,374 | 370.0 | 17,137 |
| iShares Core S&P 500 ETF | IVV US | 149,515 | 833.3 | 8,100 |
| iShares Core MSCI Emerging Markets ETF | IEMG US | 49,240 | 633.3 | 7,971 |
| iShares Short Treasury Bond ETF | SHV US | 14,196 | 161.9 | 6,165 |
| Vanguard S&P 500 ETF | VOO US | 90,345 | 519.1 | 5,247 |
| Vanguard FTSE Developed Markets ETF | VEA US | 71,760 | 330.0 | 4,535 |
| iShares Core U.S. Aggregate Bond ETF | AGG US | 55,512 | 314.3 | 3,798 |
| PowerShares QQQ | QQQ US | 66,189 | 5,476.2 | 3,195 |
| iShares Edge MSCI USA Momentum Factor ETF | MTUM US | 8,999 | 115.5 | 3,168 |
| iShares Floating Rate Bond ETF | FLOT US | 9,718 | 110.5 | 3,100 |
| Vanguard Total Stock Market ETF | VTI US | 95,797 | 237.6 | 2,937 |
| iShares 1-3 Year Treasury Bond ETF | SHY US | 13,941 | 188.6 | 2,661 |
| iShares Core S&P Small-Cap ETF | IJR US | 41,265 | 251.0 | 2,324 |
| Schwab International Equity ETF | SCHF US | 15,497 | 68.1 | 2,244 |
| Vanguard Total International Bond ETF | BNDX US | 11,583 | 90.0 | 2,213 |
| iShares Russell 2000 ETF | IWM US | 46,980 | 2,976.2 | 2,018 |
| Schwab US TIPS ETF | SCHP US | 4,793 | 75.2 | 1,932 |
| iShares Core MSCI Total International Stock ETF | IXUS US | 9,944 | 28.7 | 1,752 |
| First Trust Dow Jones Internet Index Fund | FDN US | 8,314 | 70.0 | 1,518 |
| iShares Core S&P Mid-Cap ETF | IJH US | 46,845 | 204.3 | 1,515 |
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house.Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.
Similarly, the top 10 ETPs by net inflows collectively gathered $7.62 Bn during 2018.
Top 10 ETPs by YTD net inflows: US
| Name | Ticker | Assets (US$ Mn) May-18 |
ADV (US$ Mn) May-18 |
NNA (US$ Mn) YTD 2018 |
| iShares Gold Trust | IAU US | 12,003 | 178.1 | 1,845 |
| Barclays ETN+ FI Enhanced Global High Yield ETN Series B | FIYY US | 1,489 | 1.3 | 1,308 |
| ProShares Short VIX Short-Term Futures | SVXY US | 582 | 122.4 | 1,238 |
| PowerShares DB Commodity Index Tracking Fund | DBC US | 3,285 | 45.0 | 801 |
| VelocityShares Daily Inverse VIX Short Term ETN | XIV US | - | - | 654 |
| Barclays ETN+ FI Enhanced Europe 50 ETN Series C | FFEU US | 470 | 2.1 | 479 |
| SPDR Gold Shares | GLD US | 34,507 | 804.8 | 456 |
| Credit Suisse FI Enhanced Europe 50 ETNs | FEUL US | 287 | (27.5) | 310 |
| VelocityShares Daily 2x VIX Short Term ETN | TVIX US | 523 | 253.3 | 297 |
| iPath Bloomberg Commodity Index Total Return ETN | DJP US | 1,207 | 5.3 | 231 |
Equity ETFs/ETPs listed in the US saw net inflows of $23.90 Bn during May, bringing net inflows for 2018 to $77.61 Bn, which is less than the $140.25 Bn in net inflows at this point last year.
Fixed income ETFs and ETPs gathered net inflows of $5.67 Bn, growing net inflows for 2018 to $32.03 Bn, which is less than the $51.05 Bn in net inflows at this point last year.
During May investors chose to move from Commodities ETFs to Equity products.
