ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in US gathered net inflows of US$49.72 billion in September, bringing year-to-date net inflows to US$196.13 billion. Assets invested in the US ETF/ETP industry have increased by 2.2%, from US$3.96 trillion at the end of August, to US$4.05 trillion, according to ETFGI's September 2019 US ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
- Assets invested in the US ETF/ETP industry stood at a record $4.05 trillion.
- Asset invested in the US ETF/ETP industry increased 2.2% in September.
- September 2019, ETFs/ETPs listed in US gathered $49.72 billion in net inflows.
“The S&P 500 gained 1.9% during September despite slowing economic growth, ongoing trade disputes and a presidential impeachment inquiry. Shifting the focus to the S&P Developed ex-U.S. BMI, the index was up 3.0%, as 23 of 25 countries gained during the month; the highest gainer in the month was Korea (up 6.4%), while Hong Kong continued to decline (down 0.8%). From an Emerging Markets standpoint, the S&P Emerging BMI gained 1.4%, with 15 of the 23 reporting gains. Globally, equities reclaimed prior month losses, gaining 2.1%, as measured by the S&P Global BMI (38 out of 50 countries reporting gains).” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
At the end of September 2019, the US ETF/ETP industry had 2,303 ETFs/ETPs, with 2,303 listings, assets of $4.045 trillion, from 149 providers on 3 exchanges.
In September 2019, ETFs/ETPs gathered net inflows of $49.72 billion. Equity ETFs/ETPs listed in US gathered the largest net inflows of $31.88 billion in September, bringing YTD net inflows for 2019 to $74.57 billion, considerably less than the $137.93 billion in net inflows Equity products had attracted for the corresponding period to September 2018. Fixed Income ETFs/ETPs listed in US attracted net inflows of $12.44 billion in September, bringing YTD net inflows for 2019 to $96.39 billion, substantially more than the $56.16 billion in net inflows for the corresponding period to September 2018. Commodity ETFs/ETPs gathered $2.88 billion, bringing the YTD net inflows to $9.44 billion for 2019, which is significantly greater than the $3.83 billion in net outflows for the corresponding period to September 2018.
Substantial inflows can be attributed to the top 20 ETF's by net new assets, which collectively gathered $35.86 billion in September, the SPDR S&P 500 ETF Trust gathered $8.62 billion alone.
Top 20 ETFs by net new assets September 2019: US
Name |
Ticker |
Assets |
NNA |
NNA |
SPDR S&P 500 ETF Trust |
SPY US |
274,225.69 |
(9,941.31) |
8,617.45 |
iShares Russell 2000 ETF |
IWM US |
43,639.24 |
(1,163.78) |
3,700.26 |
Vanguard Total Stock Market ETF |
VTI US |
121,199.19 |
10,126.96 |
2,984.41 |
Vanguard Total International Bond ETF |
BNDX US |
22,988.08 |
8,458.41 |
2,711.82 |
iShares Core S&P 500 ETF |
IVV US |
184,344.59 |
9,347.17 |
1,954.66 |
iShares 20+ Year Treasury Bond ETF |
TLT US |
18,404.23 |
7,378.45 |
1,885.52 |
iShares MSCI USA Minimum Volatility ETF |
USMV US |
35,135.99 |
11,191.79 |
1,615.68 |
iShares 3-7 Year Treasury Bond ETF |
IEI US |
9,125.28 |
716.02 |
1,391.32 |
iShares iBoxx $ High Yield Corporate Bond ETF |
HYG US |
18,177.39 |
3,989.12 |
1,209.84 |
iShares Intermediate-Term Corporate Bond ETF |
IGIB US |
8,326.08 |
2,473.21 |
1,172.98 |
Vanguard Intermediate-Term Corporate Bond ETF |
VCIT US |
25,024.07 |
4,695.52 |
1,141.44 |
SPDR Bloomberg Barclays High Yield Bond ETF |
JNK US |
10,428.16 |
3,119.88 |
1,108.31 |
Invesco QQQ Trust |
QQQ US |
74,717.03 |
175.48 |
879.28 |
First Trust Financial AlphaDEX Fund |
FXO US |
1,796.14 |
769.17 |
864.82 |
Vanguard Total Bond Market ETF |
BND US |
45,465.17 |
6,495.70 |
851.96 |
iShares Trust iShares ESG MSCI USA ETF |
ESGU US |
1,151.22 |
986.75 |
848.55 |
Vanguard Dividend Appreciation ETF |
VIG US |
38,544.01 |
2,933.49 |
831.56 |
iShares Floating Rate Bond ETF |
FLOT US |
9,900.79 |
(1,527.53) |
732.09 |
Vanguard Total International Stock Index Fund ETF |
VXUS US |
15,078.40 |
4,001.81 |
704.21 |
VanEck Vectors Gold Miners ETF |
GDX US |
11,147.62 |
(1,717.11) |
657.88 |
The top 10 ETP's by net new assets collectively gathered $4.28 billion in September. The SPDR Gold Shares gathered $2.11 billion alone.
Top 10 ETPs by net new assets September 2019:US
Name |
Ticker |
Assets |
NNA |
NNA |
SPDR Gold Shares |
GLD US |
42,926.80 |
6,544.67 |
2,106.57 |
iShares Gold Trust |
IAU US |
16,352.83 |
2,951.11 |
789.09 |
iPath Series B S&P 500 VIX Short-Term Futures ETN |
VXX US |
989.89 |
1,025.63 |
385.78 |
VelocityShares Daily 2x VIX Short Term ETN |
TVIX US |
1,117.69 |
1,454.71 |
288.99 |
ProShares Ultra VIX Short-Term Futures |
UVXY US |
597.09 |
727.45 |
192.19 |
United States Oil Fund LP |
USO US |
1,426.84 |
(343.60) |
188.82 |
SPDR Gold MiniShares Trust |
GLDM US |
1,050.70 |
546.47 |
122.18 |
ProShares VIX Short-Term Futures ETF |
VIXY US |
299.36 |
250.61 |
92.72 |
VelocityShares 3x Inverse Crude Oil ETN |
DWT US |
251.38 |
213.38 |
69.90 |
VelocityShares Daily 3x Inverse Natural Gas ETN |
DGAZ US |
232.51 |
(269.70) |
38.50 |
Investors have tended to invest in Equity, Fixed Income, Active, and Gold ETFs and ETPs.