Global ETFs And ETPs

Global ETFs And ETPs Hit $5 Trillion Mark

ETFGI reports assets invested in ETFs and ETPs listed globally rise above 5 trillion US dollars at the end of November 2018

Q3 hedge fund letters, conference, scoops etc

LONDONDecember 12, 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$60.55 Bn during November. Following October trends, all regions but the Middle East and Africa continued to see positive net flows. Total assets invested in the global ETF and ETP industry rose 2.33% by the end of November, from US$4.95 Tn at the end of October, to US$5.06 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 increase 2.33% to $5.06 Tn in November.
  • Net new assets gathered by ETFs/ETPs listed globally were $60.55 Bn in November.
  • 58th consecutive months of net inflows into ETFs/ETPs listed globally.

“While trade talks continue to make noise in the headlines, the very real prospect of slowing global growth appears to be filtering into market sentiment. A seemingly more reposed approach to monetary policy along with the China-US trade truce provided enough of a tailwind to lift US markets to finish in the green by the end of November, with the S&P 500 gaining 2.04% over the month bringing the year-to-date gain to 5.11%. Apart from the Eurozone, where various domestic issues continue to dominate, most developed markets closed the month with marginal gains, the S&P developed ex-US BMI was up 0.17% in November with year-to-date declines of 9.66%. EM and Frontier markets bounced back from the October fall, finishing up 4.61% and 1.94% respectively, softening year-to-date declines to 11.15% and 8.95%”  according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of November 2018, the Global ETF/ETP industry had 7,636 ETFs/ETPs, with 14,913 listings, assets of $5.06 Tn, from 395 providers listed on 71 exchanges in 57 countries. Following net inflows of $60.55 Bn and market moves during the month, assets invested in ETFs/ETPs listed globally increased by 2.33%, from $4.95 Tn at the end of October 2018, to $5.06 Tn.

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

Global ETFs And ETPs

Equity ETFs/ETPs listed globally attracted net inflows of $41.05 Bn in November, growing net inflows for 2018 to $312 Bn, less than the $418 Bn in net inflows at this point last year. Fixed Income ETFs and ETPs listed globally saw net inflows of $14.23 Bn in November,  bringing net inflows for 2018 to $86.4 Bn, considerably less than the $140 Bn in net inflows at this point last year.

November marked the 58th consecutive month of net inflows into ETFs/ETPs listed globally, Year-to-date in 2018 there have been net inflows of $439 Bn, less than the $599 Bn in net inflows at this point last year.

Substantial inflows during November can be attributed to the top 20 ETFs by net new assets, which collectively gathered $29.7 Bn.  The SPDR S&P 500 ETF Trust (SPY US) gathered $3.73 Bn, the largest net inflow in November.

Top 20 ETFs by net new assets November 2018: Global

Name Ticker Assets
(US$ Mn)
Nov-18
ADV
(US$ Mn)
Nov-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Nov-18
SPDR S&P 500 ETF Trust SPY US 265,666 26,191 (12,760) 3,727
iShares Core MSCI Emerging Markets ETF IEMG US 50,187 1,033 14,596 3,502
TOPIX Exchange Traded Fund 1306 JP 74,308 33 20,122 2,233
iShares 1-3 Year Treasury Bond ETF SHY US 17,170 226 5,931 2,043
iShares Short Treasury Bond ETF SHV US 17,372 263 9,332 1,733
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF BIL US 6,984 207 5,028 1,661
iShares Russell 1000 Value ETF IWD US 39,203 334 (1,964) 1,517
Vanguard FTSE Developed Markets ETF VEA US 67,376 595 7,559 1,216
iShares MSCI USA Minimum Volatility ETF USMV US 18,844 191 2,584 1,147
iShares Core S&P 500 UCITS ETF CSSPX SW 31,810 8 4,788 1,123
JPMorgan Ultra-Short Income ETF JPST US 4,412 90 4,346 1,094
Vanguard Short-Term Treasury ETF VGSH US 4,644 74 2,738 1,043
Vanguard Total Stock Market ETF VTI US 101,581 429 7,860 1,039
First Trust Health Care AlphaDEX Fund FXH US 2,353 88 1,231 1,027
Vanguard S&P 500 ETF VOO US 102,423 714 15,510 1,004
Vanguard Dividend Appreciation ETF VIG US 31,201 127 2,263 986
Vanguard Total World Stock ETF VT US 12,529 161 2,439 960
iShares Core S&P 500 ETF IVV US 160,546 1,319 16,123 918
iShares Core U.S. Aggregate Bond ETF AGG US 53,652 448 2,891 885
iShares National Muni Bond ETF MUB US 10,565 141 1,220 848

Similarly, the top 10 ETPs by net new assets collectively gathered $2.92 Bn by the end of November 2018.

Top 10 ETPs by net new assets November 2018: Global

Name        Ticker Assets
(US$ Mn)
Nov-18
ADV
(US$ Mn)
Nov-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Nov-18
SPDR Gold Shares DGAZ US 362 297 916 534
iShares Gold Trust 530060 KS 454 0 454 454
Invesco Gold ETC USO US 1,570 476 (348) 368
ETFS Physical Gold UWT US 307 147 291 311
VelocityShares 3x Long Crude Oil ETN GLD US 28,938 1,024 (2,872) 309
Xtrackers Physical Gold Euro Hedged ETC SGLN LN 3,516 3 535 208
Xtrackers Physical Gold ETC (EUR) BRNT LN 246 2 129 199
Large Cap Growth Index-Linked ETNs due 2028 UCO US 348 100 (137) 187
VelocityShares Daily 3x Inverse Natural Gas ETN 550056 KS 181 0 181 181
ETFS Nickel CRUD LN 580 11 (72) 173

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

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

Article by ETFGI


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