ETFGI reports assets invested in ETFs and ETPs listed in the US reached a new high of $3.63 trillion at the end of July 2018
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Q2 hedge fund letters, conference, scoops etc
LONDON — August 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 in the US reached a new high of US$3.63 Tn in assets, following net inflows of US$28.60 Bn in July, according to ETFGI’s July 2018 US 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 in the US reached a record $3.63 Tn at the end July
- Net new assets gathered by ETFs/ETPs listed in the US were $28.60 Bn in July
- Equity products gathered the largest net inflows during July with $18.75 Bn, while commodity ETFs/ETPs experienced the largest net outflows with $1.08 Bn
“Investors favoured equities over fixed income and commodities as equity markets have performed positively in July. The S&P 500 gained 3.72%, international markets ex US were up 1.93% and emerging markets up 2.81%. Investors are still concerned about the impact of trade wars and Brexit,” according to Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of July 2018, the US ETF/ETP industry had 2,174 ETFs/ETPs, with 2,174 listings, assets of $3.63 Tn, from 140 providers listed on 3 exchanges. Due to net inflows and market moves the assets invested in ETFs/ETPs listed in the US increased by 3.09%, from $3.52 Tn in June 2018 to $3.63 Tn.
Growth in US Listed ETF and ETP assets as of the end of July 2018
Equity ETFs/ETPs listed in the US gathered net inflows of $18.75 Bn in July, bringing net inflows for 2018 to $89.77 Bn, less than the $190.11 Bn in net inflows at this point last year.
Fixed Income ETFs and ETPs listed in the US gathered net inflows of $8.10 Bn in July, growing net inflows for 2018 to $46.59 Bn which is less than the $75.64 Bn in net inflows at this point last year.
Commodity ETFs/ETPs listed in the US saw net outflow of $1.08 Bn in July, bringing net outflows for 2018 to $965 Mn, although still less than the $1.58 Bn in net outflows at this point last year.
The majority of net inflows in July can be attributed to the top 20 ETFs by net new assets, which collectively gathered $24.05 Bn. The SPDR S&P 500 ETF Trust (SPY US) gathered $6.54Bn the largest net inflows in July.
Top 20 ETFs by net new assets July 2018: US
