ETFGI reports net inflows into ETFs and ETPs listed in the US at the end of Q3 are US$299.86 billion significantly more than the US$196.54 billion gathered at the end of Q3 2019
LONDON — October 14, 2020 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in US gained net inflows of US$35.54 billion during September, bringing year-to-date net inflows through the end of Q3 to US$299.86 billion which is significantly more than the US$196.54 billion net inflows gathered at the end of Q3 2019. Assets invested in the US ETFs/ETPs industry have decreased by 2.5%, from US$4.85 trillion at the end of August, to US$4.73 trillion, according to ETFGI's September 2020 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
• During September 2020, ETFs and ETPs listed in US attracted $35.54 billion in net inflows with Equity products being the most attractive among all asset classes.
• Year-to-date through end of Q3 net inflows of $299.86 billion are much higher than the $196.54 billion gathered at the end of Q3 2019.
• Assets of $4.73 trillion invested in ETFs and ETPs listed in US at the end of September are the 2nd highest on record.
“The S&P 500 declined 3.8% in September, with concerns over back-to-school (and resulting COVID cases), U.S. elections and stimulus talks. Strong prior month gains boosted the index higher to close up 8.9% for Q3. Global equities declined 3.1% in September, as measured by the S&P Global BMI. Despite the monthly decline, the global benchmark managed to finish Q3 up 8.1% Q3 and up 0.7% YTD. Emerging markets, declined 2.2% in September but closed up 9.0% for Q3.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Growth in US ETF and ETP assets as of the end of September 2020
The US ETF/ETP industry had 2,371 ETFs and ETPs, assets of $4.73 trillion, from 165 providers listed on 3 exchanges at the end of Q3 2020.
During September 2020, ETFs/ETPs gathered net inflows of $35.54 billion. Equity ETFs/ETPs listed in US reported net inflows of $18.09 billion over September, bringing YTD net inflows for 2020 to $76.36 billion, more than the $74.85 billion in net inflows Equity products had attracted for the corresponding period to Q3 2019. Fixed income ETFs/ETPs listed in US reported net inflows of $10.11 billion over September, bringing YTD net inflows for 2020 to $130.39 billion, more than the $96.34 billion in net inflows Fixed income products had attracted for the corresponding period to Q3 2019. Commodity ETFs/ETPs gathered $1.43 billion in September bring YTD inflows to $44.56 billion which is significantly more than he $9.43 billion gathered in Q3 2019. Active ETFs/ETPs gathered net inflows of $5.45 billion, bringing the YTD net inflows to $36.14 billion for 2020, which is higher than the $17.02 billion in net inflows for the corresponding period to September 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $32.72 billion during September. The iShares Core S&P 500 ETF (IVV US) gathered 3.89 billion alone.
Top 20 ETFs by net new assets September 2020: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
iShares Core S&P 500 ETF |
IVV US |
211,987.51 |
7,259.01 |
3,894.75 |
|
Invesco QQQ Trust |
QQQ US |
135,714.21 |
18,431.77 |
3,769.45 |
|
Vanguard Total Stock Market ETF |
VTI US |
161,857.54 |
17,941.48 |
3,752.93 |
|
Vanguard Total International Stock Index Fund ETF |
VXUS US |
26,218.79 |
8,458.48 |
2,291.43 |
|
Vanguard Total Bond Market ETF |
BND US |
62,278.25 |
11,223.25 |
1,962.22 |
|
iShares Core U.S. Aggregate Bond ETF |
AGG US |
80,896.61 |
8,086.85 |
1,938.47 |
|
Vanguard Total International Bond ETF |
BNDX US |
32,425.99 |
7,151.14 |
1,834.18 |
|
ProShares UltraPro QQQ |
TQQQ US |
8,775.46 |
937.60 |
1,684.25 |
|
Vanguard S&P 500 ETF |
VOO US |
160,023.80 |
17,934.37 |
1,610.89 |
|
KraneShares CSI China Internet ETF |
KWEB US |
2,832.83 |
2,195.00 |
1,167.10 |
|
SPDR S&P 500 ETF Trust |
SPY US |
293,891.30 |
(29,615.04) |
1,118.81 |
|
Vanguard Short-Term Corporate Bond ETF |
VCSH US |
32,706.31 |
6,207.37 |
1,053.62 |
|
Vanguard Value ETF |
VTV US |
51,050.59 |
2,411.52 |
1,022.27 |
|
iShares 20+ Year Treasury Bond ETF |
TLT US |
19,094.45 |
(1,633.48) |
1,018.97 |
|
iShares Core MSCI EAFE ETF |
IEFA US |
71,276.18 |
3,426.50 |
942.31 |
|
Industrial Select Sector SPDR Fund |
XLI US |
12,179.73 |
2,521.19 |
830.48 |
|
Vanguard Intermediate-Term Bond ETF |
BIV US |
14,905.76 |
512.75 |
757.24 |
|
JPMorgan Ultra-Short Income ETF |
JPST US |
14,599.47 |
4,310.91 |
710.83 |
|
Vanguard Dividend Appreciation ETF |
VIG US |
47,268.92 |
3,781.38 |
690.36 |
|
ARK Innovation ETF |
ARKK US |
8,871.34 |
4,208.00 |
674.31 |
The top 10 ETPs by net new assets collectively gathered $2.95 billion during September. The SPDR Gold Shares (GLD US) gathered $1.12 billion alone.
Top 10 ETPs by net new assets September 2020: US
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
SPDR Gold Shares |
GLD US |
75,827.44 |
21,165.19 |
1,117.39 |
|
iShares Gold Trust |
IAU US |
31,430.00 |
9,073.29 |
809.41 |
|
Invesco DB US Dollar Index Bullish Fund |
UUP US |
740.61 |
551.85 |
335.96 |
|
MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 |
FNGU US |
862.55 |
236.21 |
236.21 |
|
SPDR Gold MiniShares Trust |
GLDM US |
3,561.27 |
2,010.65 |
169.39 |
|
ProShares Ultra Silver |
AGQ US |
625.13 |
296.47 |
69.13 |
|
iPath Series B S&P 500 VIX Short-Term Futures ETN |
VXX US |
1,037.02 |
(643.87) |
65.41 |
|
Aberdeen Standard Physical Platinum Shares ETF |
PPLT US |
1,089.77 |
428.02 |
54.88 |
|
Teucrium Soybean Fund |
SOYB US |
128.51 |
92.68 |
47.50 |
|
MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 |
FNGD US |
88.23 |
128.54 |
46.87 |
Investors have tended to invest in Equity ETFs/ETPs during September.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
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