Global actively managed ETFs and ETPs

Global Actively Managed ETFs AUM Up 34% In 2018

ETFGI reports assets invested in actively managed ETFs and ETPs listed globally attract inflows of US$628 million during December

Q4 hedge fund letters, conference, scoops etc

LONDONJanuary 30, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that actively managed ETFs and ETPs listed globally gathered net inflows of US$628 million during December. Total assets invested in the global actively managed ETF and ETP industry fell 2.39% by the end of the month, from US$109 billion at the end of November, to US$107 Bn, according to ETFGI’s December 2018 Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)

Highlights

  • During 2018, assets invested in the Active ETF/ETP industry have increased 33.65%.
  • Net new assets gathered by actively managed ETFs and ETPs listed globally were $628 Mn in December.
  • Actively managed funds in the US and Canada continue to grow in popularity.

“The end of 2018 saw the trend in developed markets reverse, and although arguably predictable, the severity left many pundits scratching their heads. This end of year stress has widely been attributed to the disruption caused by trade disputes feeding into economic data, and the view policy makers are not going to be quite as accommodating as initially expected. The S&P 500 returned -9.03% during December, and down -4.38% for 2018. Developed markets ex-US fell -4.62% during December, led by Japan and Canada, bringing the yearly return to -13.21%. Relatively speaking, EM and FM fared the month better, returning -2.68% and -3.15%, finishing 2018 -13.53% and -11.82%, respectively” according to Deborah Fuhr, managing partner and founder of ETFGI.

At the end of December 2018, the actively managed ETF/ETP industry had 621 ETFs/ETPs, with 800 listings, assets of $107 Bn, from 128 providers listed on 20 exchanges. Following net inflows of $628 Mn and market moves during the month, assets invested in actively managed ETFs/ETPs listed globally decreased by 2.39%, from $109.40 Bn at the end of November, to $106.79 Bn.

Growth in actively managed ETF and ETP assets as of the end of December 2018

Global actively managed ETFs and ETPs

Global actively managed ETFs and ETPs

Equity focused actively managed ETFs/ETPs listed globally saw net outflows of $180 Mn in December, bringing net inflows for 2018 to $6.18 Bn, less than the $7.18 Bn in net inflows at this point last year. Fixed income focused, actively managed ETFs and ETPs listed globally saw net inflows of $757 Bn, growing net inflows for 2018 to $25.19 Bn, greater than the $17.15 Bn in net inflows at this point last year.

Substantial inflows during December can be attributed to the top 20 actively managed ETFs/ETPs by net new assets, which collectively gathered $2.91 Bn. The JPMorgan Ultra-Short Income ETF (JPST US) continued to attract the largest monthly inflows, holding its place at the top of the leader board for the 3rd consecutive month, gathering $719 Mn in December alone.

Top 20 actively managed ETFs/ETPs by net new assets December 2018

NameTickerAssets
(US$ Mn)
Dec-18
NNA
(US$ Mn)
YTD 2018
NNA
(US$ Mn)
Dec-18
JPMorgan Ultra-Short Income ETFJPST US5,1295,065719
First Trust Enhanced Short Maturity FundFTSM US4,0622,632571
iShares Short Maturity Bond ETFNEAR US5,8973,046269
Invesco Ultra Short Duration ETFGSY US2,048989246
iShares Liquidity Income ETFICSH US878736190
First Trust Low Duration Mortgage Opportunities ETFLMBS US2,0411,093132
SPDR DoubleLine Total Return Tactical ETFTOTL US2,968(497)115
PIMCO Enhanced Short Maturity Strategy FundMINT US12,1944,00099
PGIM Ultra Short Bond ETFPULS US18018061
First Trust TCW Opportunistic Fixed Income ETFFIXD US41517054
Hartford Total Return Bond ETFHTRB US50348254
First Trust North American Energy Infrastructure FundEMLP US2,09913352
SPDR SSgA Ultra Short Term Bond ETFULST US15613348
Janus Short Duration Income ETFVNLA US84464547
iShares Premium Money Market FundCMR CN25218146
WisdomTree Managed Futures Strategy FundWTMF US2589946
PIMCO Total Return Active Exchange-Traded FundBOND US1,989(118)41
Innovator S&P 500 Ultra Buffer ETFUJUL US444439
PIMCO Monthly Income FundPMIF CN58541439
Aberdeen Standard Bloomberg All Commodity Strategy K-1 Free ETFBCI US19614639

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

Article by ETFGI

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