ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed globally reached a new high of US$5.12 trillion, following net inflows of US$41.13 billion in July. This marks the largest monthly net inflows since January, when the global ETF/ETP industry experienced net inflows of US$105.73 Bn, according to ETFGI’s July 2018 Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
- Total Assets in ETFs and ETPs listed globally reached a record $5.12 Tn at the end of July
- Net new assets gathered by ETFs/ETPs listed globally were $41.1 Bn in July
- 4 ½ years or 54 consecutive months of net inflows into ETFs/ETPs listed globally
At the end of July 2018, the Global ETF/ETP industry had 7,487 ETFs/ETPs, with 14,427 listings, assets of $5.12 Tn, from 375 providers listed on 70 exchanges in 57 countries. Due to net inflows and market moves the assets invested in ETFs/ETPs listed globally increased by 2.69%, from $4.99 Tn in June 2018 to $5.12 Tn.
Growth in Global ETF and ETP assets as of the end of July 2018
Equity ETFs/ETPs listed globally gathered net inflows of $27.37 Bn in July, bringing net inflows for 2018 to $177.31 Bn, less than the $272.21 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally gathered net inflows of $12.98 Bn in July, growing net inflows for 2018 to $59.40 Bn which is less than the $96.15 Bn in net inflows at this point last year.
July marked the 54th consecutive month of net inflows into ETFs/ETPs listed globally, Year-to-date in 2018 there have been net inflows of $264 Bn, which are less than the $391.23 Bn in net inflows at this point last year.
The majority of net inflows in July can be attributed to the top 20 ETFs by net new assets, which collectively gathered $25.86 Bn during 2018. The SPDR S&P 500 ETF Trust (SPY US) gathered $6.54Bn the largest net inflows in July.
Top 20 ETFs by net new assets July 2018: Global
Name | Ticker | Assets (US$ Mn) Jul-18 |
ADV (US$ Mn) Jul-18 |
NNA (US$ Mn) YTD 2018 |
NNA (US$ Mn) Jul-18 |
SPDR S&P 500 ETF Trust | SPY US | 273,611 | 17,676 | (9,906) | 6,540 |
JPMorgan BetaBuilders Japan ETF | BBJP US | 1,746 | 85 | 1,726 | 1,716 |
TOPIX Exchange Traded Fund | 1306 JP | 71,947 | 41 | 13,624 | 1,607 |
Vanguard Value ETF | VTV US | 42,083 | 209 | 4,618 | 1,540 |
iShares iBoxx $ High Yield Corporate Bond ETF | HYG US | 15,706 | 970 | (1,764) | 1,513 |
iShares Core MSCI Emerging Markets ETF | IEMG US | 49,112 | 721 | 9,383 | 1,411 |
Schwab US Large-Cap ETF | SCHX US | 14,216 | 106 | 2,080 | 1,075 |
Vanguard Total Stock Market ETF | VTI US | 100,785 | 316 | 4,401 | 1,057 |
Health Care Select Sector SPDR Fund | XLV US | 17,015 | 577 | (716) | 942 |
iShares J.P. Morgan USD EM Bond ETF | EMB US | 13,662 | 302 | 2,158 | 933 |
Daiwa ETF TOPIX | 1305 JP | 34,763 | 4 | 7,297 | 904 |
iShares iBoxx $ Investment Grade Corp Bond ETF | LQD US | 34,347 | 583 | (2,983) | 873 |
Vanguard Real Estate ETF | VNQ US | 32,204 | 440 | (1,903) | 813 |
CCB Cash TianYi Traded Money Market Fund | 511660 CH | 3,446 | 164 | 1,107 | 802 |
Industrial Select Sector SPDR Fund | XLI US | 13,400 | 929 | 781 | 769 |
iShares Core S&P Mid-Cap ETF | IJH US | 48,297 | 246 | 2,154 | 727 |
iShares Core U.S. Aggregate Bond ETF | AGG US | 55,904 | 352 | 4,499 | 700 |
Listed Index Fund TOPIX | 1308 JP | 31,819 | 5 | 5,071 | 648 |
iShares Core S&P Small-Cap ETF | IJR US | 44,869 | 341 | 4,275 | 648 |
Vanguard S&P 500 ETF | VOO US | 94,799 | 585 | 5,973 | 644 |
Similarly, the top 10 ETPs by net new assets collectively gathered $1.86 Bn by the end of July 2018.
Top 10 ETPs by net new assets July 2018: Global
Name | Ticker | Assets (US$ Mn) Jul-18 |
ADV (US$ Mn) Jul-18 |
NNA (US$ Mn) YTD 2018 |
NNA (US$ Mn) Jul-18 |
|
iShares Physical Gold ETC | SGLN LN | 3,676.93 | 4.06 | 674.29 | 725.56 | |
ProShares Ultra VIX Short-Term Futures | UVXY US | 632.34 | 275.53 | 119.65 | 398.86 | |
VelocityShares Daily 3x Long Natural Gas ETN | UGAZ US | 456.31 | 123.39 | -576.55 | 179.47 | |
iPath S&P 500 VIX Short-Term Futures ETN | VXX US | 811.60 | 1,026.15 | -581.80 | 121.89 | |
iShares Silver Trust | SLV US | 5,080.97 | 122.51 | 139.40 | 111.83 | |
Invesco DB Oil Fund | DBO US | 459.27 | 13.14 | 44.66 | 80.66 | |
United States Natural Gas Fund LP | UNG US | 394.53 | 42.91 | -299.61 | 70.21 | |
SPDR Gold MiniShares Trust | GLDM US | 87.89 | 4.55 | 64.68 | 62.18 | |
VelocityShares 3x Silver ETN | USLV US | 361.72 | 32.94 | 144.63 | 58.36 | |
ETFS Physical Platinum Shares | PPLT US | 477.51 | 10.26 | -38.92 | 51.70 |
Investors have tended to invest in core, market cap and lower cost ETFs in July.