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ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that the ETFs industry in the United States gathered net inflows of US$45.46 billion during December, bringing year-to-date net inflows to US$607.23 billion. During the month, assets invested in the ETFs industry in the US decreased by 3.0%, from US$6.71 trillion at the end of November to US$6.51 trillion in December 2022, according to ETFGI's December 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
- Assets of $6.51 Tn invested in ETFs industry in the United States at end of December 2022.
- Assets decreased 9.8% YTD in 2022, going from $7.21 Tn at end of 2021 to $6.51 Tn at end of 2022.
- Net inflows of $45.46 Bn in December 2022.
- YTD net inflows of $607.23 Bn in 2022 are the second highest on record, after YTD net inflows of $919.78 Bn in 2021.
- $607.23 Bn in net inflows gathered in the past 12 months.
- 8th month of consecutive net inflows.
- Equity ETFs and ETPs listed in the US gathered YTD net inflows of $305.72 Bn, the third highest on record, after YTD net inflows of $641.66 Bn in 2021 and YTD net inflows of $331.35 Bn in 2017.
“The S&P 500 decreased by 5.76 % in December and was down 18.11% in 2022. Developed markets excluding the US decreased by 0.46% in December and were down 16.06% in 2022. Israel (down 6.05%) and US (down 17.45%) saw the largest decreases amongst the developed markets in December. Emerging markets decreased by 1.07% during December and were down 17.75% in 2022. Qatar (down 10.21%) and Peru (down 7%) saw the largest increases amongst emerging markets in December.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Growth in US ETF and ETP assets as of the end of December 2022
At the end of December 2022, the ETFs industry in the United States had 3,092 products, assets of $6.507 Tr, from 276 providers listed on 3 exchanges.
During December, ETFs/ETPs gathered net inflows of $45.46 Bn. Equity ETFs/ETPs gathered net inflows of $21.91 Bn during December, net inflows for 2022 were $305.72 Bn, lower than the $641.66 Bn in net inflows in 2021. Fixed income ETFs/ETPs attracted net inflows of $11.13 Bn during December, bringing net inflows for 2022 to $184.13Bn, higher than the $174.72 Bn in net inflows fixed income products had attracted in 2021. Commodities ETFs/ETPs reported net outflows of $1.08 Bn during December, bringing YTD net outflows to $7.18 Bn, less than the $11.35 Bn in net outflows commodities products had in 2021. Active ETFs/ETPs attracted net inflows of $11.87 Bn in December, and gathered net inflows of $98.00 Bn in 2022, lower than the $101.60 Bn in net inflows active products gathered in 2021.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $28.38 Bn during December. iShares Core U.S. Aggregate Bond ETF (AGG US) gathered $2.78 Bn, the largest individual net inflow.Top 20 ETFs by net new assets December 2022: US
|
Name |
Ticker |
Assets($ Mn) Dec-22 |
NNA($ Mn) YTD-22 |
NNA($ Mn)Dec-22 |
|
iShares Core U.S. Aggregate Bond ETF |
AGG US |
82,470.60 |
4,294.21 |
2,778.33 |
|
Vanguard Total Stock Market ETF |
VTI US |
259,599.47 |
25,730.84 |
2,528.08 |
|
Vanguard Total Bond Market ETF |
BND US |
85,171.39 |
14,358.04 |
2,279.88 |
|
iShares Russell 1000 Growth ETF |
IWF US |
59,365.00 |
3,565.52 |
1,773.78 |
|
iShares 0-3 Month Treasury Bond ETF |
SGOV US |
7,399.24 |
6,580.29 |
1,640.88 |
|
Schwab US Dividend Equity ETF |
SCHD US |
44,725.95 |
15,564.87 |
1,638.99 |
|
JPMorgan Ultra-Short Income ETF |
JPST US |
23,868.55 |
5,554.27 |
1,566.92 |
|
Vanguard Value ETF |
VTV US |
99,491.11 |
11,121.26 |
1,474.55 |
|
ProShares UltraPro QQQ |
TQQQ US |
10,559.55 |
11,374.57 |
1,474.17 |
|
JPMorgan Equity Premium Income ETF |
JEPI US |
17,484.99 |
12,924.74 |
1,445.71 |
|
iShares 7-10 Year Treasury Bond ETF |
IEF US |
22,829.26 |
8,825.29 |
1,243.47 |
|
Vanguard FTSE Developed Markets ETF |
VEA US |
101,056.65 |
10,277.75 |
1,097.08 |
|
iShares Short-Term National Muni Bond ETF |
SUB US |
11,027.08 |
4,426.18 |
1,055.70 |
|
SPDR Portfolio S&P 500 Value ETF |
SPYV US |
15,167.15 |
3,294.93 |
1,028.36 |
|
iShares Russell 1000 Value ETF |
IWD US |
54,276.68 |
(155.73) |
999.89 |
|
Vanguard S&P 500 ETF |
VOO US |
262,911.85 |
40,100.74 |
935.72 |
|
Goldman Sachs TreasuryAccess 0-1 Year ETF |
GBIL US |
5,164.86 |
3,361.75 |
930.03 |
|
Vanguard Dividend Appreciation ETF |
VIG US |
65,686.39 |
3,712.54 |
853.87 |
|
iShares Core High Dividend ETF |
HDV US |
13,125.59 |
5,568.24 |
834.20 |
|
Vanguard Short-Term Treasury ETF |
VGSH US |
18,376.06 |
5,240.95 |
797.19 |
The top 10 ETPs by net assets collectively gathered $1.35 Bn duringDecember. SPDR Gold Shares (GLD US) gathered $567.97 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets December 2022: US
|
Name |
Ticker |
Assets($ Mn)Dec-22 |
NNA ($ Mn) YTD-22 |
NNA ($ Mn) Dec-22 |
|
SPDR Gold Shares |
GLD US |
52,560.44 |
(2,361.92) |
567.97 |
|
ProShares Ultra DJ-UBS Natural Gas |
BOIL US |
574.08 |
618.75 |
498.05 |
|
United States Natural Gas Fund LP |
UNG US |
425.61 |
(1.97) |
91.08 |
|
abrdn Physical Gold Shares ETF |
SGOL US |
2,442.78 |
68.94 |
67.35 |
|
iPath Bloomberg Commodity Index Total Return ETN |
DJP US |
788.89 |
(423.39) |
46.55 |
|
Aberdeen Standard Physical Silver Shares |
SIVR US |
1,118.82 |
117.95 |
19.61 |
|
Aberdeen Standard Physical Palladium Shares ETF |
PALL US |
295.49 |
(2.00) |
15.75 |
|
SPDR Gold MiniShares Trust |
GLDM US |
5,150.49 |
876.14 |
15.50 |
|
iPath Series B S&P 500 VIX Short-Term Futures ETN |
VXX US |
357.07 |
(475.02) |
14.67 |
|
ProShares UltraShort Silver |
ZSL US |
30.95 |
7.39 |
14.13 |
Investors have tended to invest in Equity ETFs/ETPs during December.
