Global ETFs And ETPs

ETF Assets Decline Below $5 Trillion In October

ETFGI reports ETFs and ETPs listed globally gather net inflows of US$28.1 Bn during  October 2018

LONDONNovember 13, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed globally gathered net inflows of US$28.1 Bn during October, with all but the Middle east and Africa seeing positive net flows.

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Following a turbulent month for financial markets, total assets invested in the global ETF and ETP industry fell 5.99% during October, from US$5.25 Tn at the end of September, to US$4.94 Tn, according to ETFGI’s October 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 decline 5.99% to $4.94 Tn in October.
  • Net new assets gathered by ETFs/ETPs listed globally were $28.06 Bn in October.
  • 57th consecutive months of net inflows into ETFs/ETPs listed globally.

“Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US. Developed and developing markets saw similar declines during the month. Aside from the US, where strong year-to-date performance cushioned the fall, October pushed many indices deeper into negative territory for the year. The S&P 500 fell 6.84% over the month, retaining a 3.1% gain year-to-date, while European markets fell 7.82%, bringing year-to-date decline to 9.56%. EM markets down 7.60% and Frontier markets down 3.36%, bringing year to date declines to 15.07% and 10.68%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of October 2018, the Global ETF/ETP industry had 7,616 ETFs/ETPs, with 14,802 listings, assets of $4.94 Tn, from 392 providers listed on 71 exchanges in 57 countries. Following net inflows of $28.06 Tn and market moves during the month, assets invested in ETFs/ETPs listed globally decreased by 5.99%, from $5.25 Tn at the end of September 2018, to $4.94 Tn.

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

Global ETFs And ETPs

Equity ETFs/ETPs listed globally attracted net inflows of $19.9 Bn in October, growing net inflows for 2018 to $271.18 Bn, less than the $371.58 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally saw net outflows of $2.10 Bn in October, bringing net inflows for 2018 to $72.0210 Bn, considerably less than the $131.56 Bn in net inflows at this point last year.

October marked the 57th consecutive month of net inflows into ETFs/ETPs listed globally, Year-to-date in 2018 there have been net inflows of $379 Bn, less than the $539 Bn in net inflows at this point last year.

Substantial inflows during October can be attributed to the top 20 ETFs by net new assets, which collectively gathered $32.1 Bn.  The iShares Core S&P 500 ETF (IVV US) gathered $4.64 Bn, the largest net inflow in October.

Top 20 ETFs by net new assets October 2018: Global

Name Ticker Assets
(US$ Mn)
Oct-18
ADV
(US$ Mn)
Oct-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Oct-18
iShares Core S&P 500 ETF IVV US 156,359 1,703 15,205 4,643
NEXT FUNDS Nikkei 225 Leveraged Index ETF 1570 JP 5,266 2,074 3,153 3,567
Vanguard S&P 500 ETF VOO US 99,362 1,124 14,506 2,071
Communication Services Select Sector SPDR Fund XLC US 3,707 258 3,879 1,848
iShares Core Nikkei 225 ETF 1329 JP 6,049 7 2,311 1,845
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF BIL US 5,320 214 3,367 1,776
iShares Core MSCI Total International Stock ETF IXUS US 11,782 112 4,851 1,762
iShares MSCI Japan ETF EWJ US 16,746 878 (536) 1,721
iShares 1-3 Year Treasury Bond ETF SHY US 15,098 275 3,889 1,345
ChinaAMC China 50 ETF 510050 CH 6,895 399 2,159 1,317
Huatai-Pinebridge CSI 300 ETF 510300 CH 4,955 212 2,931 1,315
ProShares UltraPro QQQ TQQQ US 4,184 1,251 1,414 1,295
JPMorgan Ultra-Short Income ETF JPST US 3,361 73 3,252 928
iShares Short Treasury Bond ETF SHV US 15,635 195 7,599 916
iShares Russell 1000 Value ETF IWD US 36,585 393 (3,481) 896
TOPIX Exchange Traded Fund 1306 JP 71,524 47 17,890 857
Vanguard FTSE Developed Markets ETF VEA US 65,974 698 6,343 849
Vanguard Total Stock Market ETF VTI US 98,508 703 6,822 848
MAXIS TOPIX ETF 1348 JP 9,947 3 2,645 816
iShares MSCI USA Minimum Volatility ETF USMV US 17,037 230 1,437 787

Similarly, the top 10 ETPs by net new assets collectively gathered $1.56 Bn by the end of October 2018.

Top 10 ETPs by net new assets October 2018: Global

Name        Ticker Assets
(US$ Mn)
Oct-18
ADV
(US$ Mn)
Oct-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Oct-18
SPDR Gold Shares GLD US 28,570 1,248 (3,181) 475
iShares Gold Trust IAU US 10,645 195 1,284 198
Invesco Gold ETC SGLD LN 4,413 7 30 167
ETFS Physical Gold PHAU LN 5,992 5 201 120
VelocityShares 3x Long Crude Oil ETN UWT US 215 111 (21) 107
Xtrackers Physical Gold Euro Hedged ETC XAD1 GY 1,753 2 341 97
Xtrackers Physical Gold ETC (EUR) XAD5 GY 2,254 1 1,729 94
Large Cap Growth Index-Linked ETNs due 2028 FRLG US 378 5 415 85
VelocityShares Daily 3x Inverse Natural Gas ETN DGAZ US 451 198 382 75
ETFS Nickel NICK LN 430 0 369 70

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


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