Global ETFs/ETPs Hit Record $5.25 Trillion In Q3 2018 – ValueWalk Premium
Global ETFs

Global ETFs/ETPs Hit Record $5.25 Trillion In Q3 2018

ETFGI reports assets invested in ETFs and ETPs listed globally reached a record of US$5.25 trillion at the end of September 2018

Q3 hedge fund letters, conference, scoops etc

LONDONOctober 15, 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$5.25 trillion, following net inflows of US$52.18 billion and market moves during September. The trend towards products providing exposure to the US continued, with equity based products tracking the core US indices seeing substantial inflows, according to ETFGI’s September 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 $5.25 Tn in September.
  • Net new assets gathered by ETFs/ETPs listed globally were $52.18 Bn in September.
  • 56th consecutive months of net inflows into ETFs/ETPs listed globally.

“Developed markets were broadly up during September following positive economic data from the US, Japan and Eurozone, despite the US-China trade dispute and on-going political tension in Europe. Developed Markets ex-US gained 0.68% during the month while the S&P 500’s winning streak tapered off, gaining only 0.57%, with mid to small cap US equities closing down. Developing markets downward trend continued, with EM markets down 1.37% and Frontier markets down 0.18%, bringing year to date declines to 8.08% and 7.56%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of September 2018, the Global ETF/ETP industry had 7,553 ETFs/ETPs, with 14,643 listings, assets of $5.25 Tn, from 386 providers listed on 69 exchanges in 57 countries. Following net inflows of $52.18 and market moves during the month, assets invested in ETFs/ETPs listed globally increased by 0.44%, from $5.23 Tn in August 2018 to $5.25 Tn.

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

Global ETFs

Equity ETFs/ETPs listed globally attracted net inflows of $45.04 Bn in September,  bringing net inflows for 2018 to $251.28 Bn, less than the $327.30 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally gathered net inflows of $7.24 Bn in September,  growing net inflows for 2018 to $74.10 Bn, considerably less than the $121.83 Bn in net inflows at this point last year.

September marked the 56th consecutive month of net inflows into ETFs/ETPs listed globally, Year-to-date in 2018 there have been net inflows of $351 Bn, less than the $483 Bn in net inflows at this point last year.

Substantial inflows during September can be attributed to the top 20 ETFs by net new assets, which collectively gathered $30.1 Bn.  The SPDR S&P 500 ETF (SPY US) gathered $5.01 Bn, the largest net inflow in September.

Top 20 ETFs by net new assets September 2018: Global

Name Ticker Assets
(US$ Mn)
Sep-18
ADV
(US$ Mn)
Sep-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Sep-18
SPDR S&P 500 ETF Trust SPY US 279,360 16,975 (13,065) 5,009
Vanguard S&P 500 ETF VOO US 104,429 619 12,435 4,543
iShares Russell 2000 ETF IWM US 49,840 2,664 3,172 2,490
TOPIX Exchange Traded Fund 1306 JP 77,349 32 17,033 2,472
iShares 20+ Year Treasury Bond ETF TLT US 9,182 891 2,639 1,652
Communication Services Select Sector SPDR Fund XLC US 2,035 103 2,031 1,526
iShares Core MSCI EAFE ETF IEFA US 59,977 399 19,911 1,202
Listed Index Fund TOPIX 1308 JP 34,144 6 6,521 1,201
Nikkei 225 Exchange Traded Fund 1321 JP 55,934 70 5,543 1,194
Vanguard Total Stock Market ETF VTI US 105,500 297 5,974 1,147
Daiwa ETF TOPIX 1305 JP 36,915 4 8,507 1,072
Health Care Select Sector SPDR Fund XLV US 19,632 577 672 861
Vanguard FTSE Developed Markets ETF VEA US 71,267 299 5,494 823
First Trust NYSE Arca Biotechnology Index Fund FBT US 3,122 85 1,519 782
iShares J.P. Morgan USD EM Bond ETF EMB US 14,522 347 3,185 772
ChinaAMC China 50 ETF 510050 CH 6,014 234 842 709
Vanguard Mid-Cap ETF VO US 25,308 54 1,990 682
iShares Broad USD Investment Grade Corp Bond ETF USIG US 2,171 36 708 670
iShares iBoxx $ Investment Grade Corp Bond ETF LQD US 33,955 675 (3,146) 666
Listed Index Fund 225 1330 JP 28,266 21 1,811 628

Similarly, the top 10 ETPs by net new assets collectively gathered $1.16 Bn by the end of September 2018.

Top 10 ETPs by net new assets September 2018: Global

Name        Ticker Assets
(US$ Mn)
Sep-18
ADV
(US$ Mn)
Sep-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Sep-18
VelocityShares Daily 3x Inverse Natural Gas ETN DGAZ US 504 142 308 224
iPath S&P 500 VIX Short-Term Futures ETN VXX US 1,067 799 (188) 167
iShares Gold Trust IAU US 10,212 130 1,086 159
Invesco Gold ETC SGLD LN 4,149 4 (137) 140
SPDR Gold MiniShares Trust GLDM US 229 13 210 117
VelocityShares 3x Inverse Crude Oil ETN DWT US 220 50 171 90
Shinhan Investment K200 Enhanced Condor 4/10% ETN 39 500039 KS 90 0 89 89
BNP Paribas RICI Enhanced BRENT Oil (TR) ETC BNQC GY 96 0 80 80
iShares Silver Trust SLV US 4,762 114 193 47
FI Enhanced Global High Yield ETN FIHD US 1,530 3 377 46

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


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