Global Actively Managed ETFs And ETPs 1

Actively Managed ETFs Reach US$111.83 Billion AUM In January 2019

ETFGI reports assets invested in actively managed ETFs and ETPs listed globally rises to US$112 billion, highest on record

Q4 hedge fund letters, conference, scoops etc

LONDONFebruary 21, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that actively managed ETFs and ETPs gathered net inflows of US$1.48 billion in January. Assets invested in actively managed ETFs/ETPs finished the month up 4.60%, from US$106.90 billion at the end of December, to US$111.83 billion, according to ETFGI’s January 2019 Active 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 Actively managed ETFs/ETPs reach US$111.83 Bn in January, the highest on record.
  • Assets invested in actively managed ETFs/ETPs rise 4.60% in January.
  • Actively managed funds in the US and Canada continue to grow in popularity.

“In January, equity markets rebounded from Q4 when global equities suffered steep declines amid persistent worries over trade and economic growth. Fed chair Powell revised his stance on where he believes the neutral rate of interest lies, easing fears of a dramatic and painful tightening cycle. Energy’s decline during the Q4 rout subdued inflation in developed economies taking hiking pressure off central banks while provided stimulus to consumers and businesses, giving stronger core metrics. The S&P 500 finished January up 8.01%, the best January since 1987, while the S&P Topix 150 gained 7.26% and the S&P Europe 350 gained 6.23%. Emerging and Frontier markets were up 7.77% and 4.61% respectively, hampered by dollar strength.” according to Deborah Fuhr, managing partner and founder of ETFGI.

At the end of January 2019, actively managed ETFs/ETPs had 640 ETFs/ETPs, from 133 providers listed on 20 exchanges in 15 countries. Following net inflows of $1.48 Bn and market moves during the month, assets invested in actively managed ETFs/ETPs increased by 4.60% from $106.90 Bn at the end of December, to $111.83 Bn.

Growth in actively managed ETF and ETP assets as of the end of January 2019

Global Actively Managed ETFs And ETPs 1

Equity focused actively managed ETFs/ETPs attracted net inflows of $426.38 Mn in January, substantially less than the $1.15 Bn in net inflows equity products had attracted by the end of January 2018. Fixed income focused, actively managed ETFs/ETPs attracted net inflows of $1.22 Bn in January, considerably less than the $1.64 Bn in net inflows fixed income products had attracted by the end of January 2018.

Substantial inflows can be attributed to the top 20 ETFs/ETPs’s by net new assets, which collectively gathered $2.47 Bn in January, the PIMCO US Dollar Short Maturity ETF (MINT LN) gathered
$735.99 Mn alone.

Top 20 actively managed ETFs/ETPs by net new assets January 2019

Name Ticker Assets
(US$ Mn)
Jan-19
NNA
(US$ Mn)
YTD 2019
NNA
(US$ Mn)
Jan-19
PIMCO US Dollar Short Maturity ETF MINT LN 3,153 736 736
First Trust Low Duration Mortgage Opportunities ETF LMBS US 2,295 250 250
JPMorgan Ultra-Short Income ETF JPST US 5,332 193 193
BMO Ultra Short-Term Bond ETF ZST CN 272 137 137
Janus Short Duration Income ETF VNLA US 960 110 110
Mirae Asset Tiger Money Market Active ETF 272580 KS 347 95 95
AGFiQ Enhanced Core Global Multi-Sector Bond Etf QGB CN 115 94 94
ARK Innovation ETF ARKK US 1,357 91 91
iShares Liquidity Income ETF ICSH US 972 90 90
iShares Interest Rate Hedged Corporate Bond ETF LQDH US 271 87 87
SPDR Blackstone/GSO Senior Loan ETF SRLN US 2,330 86 86
PIMCO Total Return Active Exchange-Traded Fund BOND US 2,095 77 77
Innovator S&P 500 Power Buffer ETF – January PJAN US 79 76 76
RBC Quant U.S. Dividend Leaders ETF RUD/U CN 92 58 58
First Trust Managed Municipal ETF FMB US 557 53 53
First Trust Enhanced Short Maturity Fund FTSM US 4,128 51 51
First Trust Tcw Unconstrained Plus Bond Etf UCON US 186 50 50
BMO Ultra Short-Term Bond ETF Acc ZST/L CN 132 47 47
First Asset Enhanced Government Bond Etf FGO CN 84 45 45
Vanguard Growth ETF Portfolio VGRO CN 435 44 44

Investors have tended to invest short duration, fixed income ETFs during January.

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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