Global ETFs Aug 2018

ETFs Hit $5.23 Trillion AUM

ETFGI reports assets invested in ETFs and ETPs listed globally reached a new high of $5.23 Tn at the end of August 2018

[REITs]

Q2 hedge fund letters, conference, scoops etc

LONDONSeptember 12, 2018 — 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$5.23 trillion, following net inflows of US$35.59 billion and market moves during August. Strong inflows during the month were primarily gathered by ETFs providing exposure to US equities, according to ETFGI’s August 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 $5.23 Tn in August.
  • Net new assets gathered by ETFs/ETPs listed globally were $35.59 Bn in August.
  • 55th consecutive months of net inflows into ETFs/ETPs listed globally.

“On August 22, 2018 the S&P 500 marked its longest bull market –  3,453 days, without a bear market – a 20% drop from the index’s 52-week high. August was a strong month for U.S. equities with economic strength and strong corporate earnings pushing the S&P 500 to reach record highs and gain 3.26% during the month and up 9.94% year to date.  Most non-US markets suffered declines during August due to investors’ concerns over trade tensions, Brexit, currency crises and a fear of contagion.  Developed markets ex US declined 1.44% in August while up 0.46% YTD, EM markets were down 3.51% and are down 0.81% YTD and Frontier markets were down 4.50% and are down 1.66% YTD.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of August 2018, the Global ETF/ETP industry had 7,505 ETFs/ETPs, with 14,512 listings, assets of $5.23 Tn, from 382 providers listed on 69 exchanges in 57 countries. Following net inflows of $35.59 and market moves during the month, assets invested in ETFs/ETPs listed globally increased by 2.15%, from $5.12 Tn in July 2018 to $5.23 Tn.

Growth in Global ETF and ETP assets as of the end of August 2018

Global ETFs Aug 2018

Equity ETFs/ETPs listed globally gathered record net inflows of $29.10 Bn in August, bringing net inflows for 2018 to $206.24 Bn, less than the $290.64 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally gathered net inflows of $7.47 Bn in August, growing net inflows for 2018 to $66.86 Bn which is less than the $111.14 Bn in net inflows at this point last year.
August marked the 55th consecutive month of net inflows into ETFs/ETPs listed globally, Year-to-date in 2018 there have been net inflows of $299 Bn, which are less than the $434 Bn in net inflows at this point last year.

Substantial inflows during August can be attributed to the top 20 ETFs by net new assets, which collectively gathered $27.13 Bn.  The iShares Core S&P 500 ETF (IVV US) gathered $6.59 Bn, the largest net inflows in August.

Top 20 ETFs by net new assets August 2018: Global

Name Ticker Assets
(US$ Mn)
Aug-18
ADV
(US$ Mn)
Aug-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Aug-18
iShares Core S&P 500 ETF IVV US 161,885 1,058 9,981 6,587
Invesco QQQ Trust QQQ US 73,959 6,054 4,565 3,935
Vanguard S&P 500 ETF VOO US 99,863 651 7,892 1,919
JPMorgan BetaBuilders Canada ETF BBCA US 1,479 2 1,477 1,477
iShares iBoxx $ High Yield Corporate Bond ETF HYG US 17,229 983 (288) 1,476
iShares Core MSCI Emerging Markets ETF IEMG US 49,082 724 10,690 1,307
Consumer Discretionary Select Sector SPDR Fund XLY US 15,905 584 608 1,195
TOPIX Exchange Traded Fund 1306 JP 73,246 27 14,561 937
JPMorgan BetaBuilders Europe ETF BBEU US 1,338 49 1,325 925
Vanguard Value ETF VTV US 43,764 139 5,439 821
VanEck Vectors Gold Miners ETF GDX US 8,176 1,089 2,426 708
iShares FTSE China Large-Cap ETF IZZ AU 83 1 688 684
iShares China Large-Cap ETF FXI US 4,645 1,348 1,138 678
Vanguard S&P 500 UCITS ETF VUSA LN 25,924 9 2,334 678
iShares $ Floating Rate Bond UCITS ETF Acc FLOA LN 936 2 935 655
iShares S&P Small-Cap ETF IJR AU 148 1 676 647
iShares Core S&P Mid-Cap ETF IJH US 50,461 277 2,797 643
iShares Core MSCI EAFE ETF IEFA US 58,382 452 18,708 640
JPMorgan BetaBuilders Developed Asia EX-Japan ETF BBAX US 620 615 621 621
iShares Core S&P 500 UCITS ETF CSSPX SW 31,247 8 2,793 600

Similarly, the top 10 ETPs by net new assets collectively gathered $1.09 Bn by the end of August 2018.

Top 10 ETPs by net new assets August 2018: Global

Name        Ticker Assets
(US$ Mn)
Aug-18
ADV
(US$ Mn)
Aug-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Aug-18
iPath S&P 500 VIX Short-Term Futures ETN VXX US 980 1,158 (355) 227
VelocityShares Daily 2x VIX Short Term ETN TVIX US 531 345 537 174
VelocityShares Daily 3x Inverse Natural Gas ETN DGAZ US 311 128 84 137
Xtrackers Physical Gold Euro Hedged ETC XAD1 GY 1,724 1 231 132
ETFS Nickel NICK LN 388 0 278 87
ETFS Physical Gold PHAU LN 5,826 9 90 80
MicroSectors FANG+ Index 3X Lev ETNs due January 8, 2038 FNGU US 158 6 135 77
ETFS Agriculture DJ-UBSCISM AIGA LN 341 0 109 63
Invesco Gold ETC SGLD LN 4,063 4 (276) 63
MicroSectors FANG Index 2X Leveraged ETN FNGO US 56 0 53 53

Investors have tended to invest in core, market cap and lower cost ETFs in August.

Please contact deborah.fuhr@etfgi.com if you would like to discuss subscribing to any of ETFGI’s research or consulting services.

###

Featured Events

Registration is open for the 2018 ETFs Global Markets Roundtable conference in Hong Kong 

Date: October 9th

Time: 8:30am – 5pm

Location: Ernst & Young Group Limited, 22/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong
Click here to register

The conference is designed to provide the opportunity for institutional investors and financial advisors, as well as other market participants, to hear from the regulator, leading ETF issuers, major brokers, stock exchanges, law firms and others about regulatory, liquidity, pricing, trading, and technological developments impacting the use and trading of ETFs, and the impact that ETFs have on the markets and market structure.

Early bird registration rate of US$400.00 is available until Sept. 14, 2018. Free registration is available for investment advisors, as well as institutional buyside traders, portfolio managers and fund selectors. To register and view the current program at http://bit.ly/2MkpLfz

The ETFs Global Markets Roundtable events are a series of conferences organised by ETFGI and Capital Markets Strategies. Our first event took place in June 2017 in New York City. In 2018 ETFs Global Markets Roundtable conferences were held in London on April 19 (covering EMEA), New York on May 15 (covering USA/Latin America), and Toronto on May 31 (covering Canada).  The events offer an opportunity for a substantive and in-depth discussion about the liquidity, trading, technological and regulatory developments impacting ETFs in the respective jurisdictions.

To view the agendas, speakers and sponsors for our prior events in 2018 please click on the city name below:

London      April 19, 2018

New York  May 15, 2018

Toronto      May 31, 2018

If you are interested in sponsorship or participation at the conference, please contact Deborah Fuhr at deborah.fuhr@etfgi.com


Attribution Policy

The information contained herein is proprietary. The media is welcome to use our information and ideas, provided that the following sourcing is included: ETFGI is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com.

About ETFGI

ETFGI is an independent research and consultancy firm launched in London offering consulting services and paid for research subscription services. Deborah Fuhr is the Managing Partner and a founder of ETFGI.  Our services are unique in their breadth and depth of coverage in  monthly reports covering each region of the world where ETFs, ETPs are listed, a monthly directory and monthly fact sheets along with a database covering all global products plus you receive insights from us. Visit www.etfgi.com to learn more.

ETFGI SERVICES

ETFGI currently offers the following subscription services:

  • ETFGI Basic Global ETFs and ETPs research service 
  • ETFGI Global Institutional Users of ETFs and ETPs Landscape report 
  • ETFGI Global Active ETF ETFs and ETPs Landscape report 
  • ETFGI Global Smart Beta Equity ETF ETFs and ETPs Landscape report 
  • ETFGI Global Currency Hedged ETFs and ETPs Landscape report 
  • ETFGI Global Leverage and Inverse ETFs and ETPs Landscape report 
  • ETFGI Global EM and FM ETFs and ETPs Landscape report 
  • ETFGI China ETFs and ETPs Landscape report 
  • ETFGI Trends in ETF Adoption by fund platforms in the UK report 
  • Custom reports and analysis 
  • ETFGI Weekly Newsletter – Premium 
  • ETFGI Weekly Newsletter (free subscription – register at www.etfgi.com
  • ETFs Global Markets Roundtable events 2018 

ETFGI is supporting Jobs in ETFs, the first website for careers and recruitment in the ETF industry. 
Please contact us at deborah.fuhr@etfgi.com if you would like further information on our services.

About Deborah Fuhr 

Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.

She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.

ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.

Past awards for Ms Fuhr include she was the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.

Deborah Fuhr is a founder and board member of Women in ETFs “WE” a not for profit organization to connect, support and inspire Women and Men in the ETF ecosystem. WE has over 4,200 members in chapters around the world.  www.womeninetfs.com

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