ETFGI reports ETFs industry in the United States gathered US$39.51 billion in January 2023

LONDON — February 16, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that ETFs industry in the United States gathered net inflows of US$39.51 billion during January. During the month, assets invested in ETFs industry in the United States increased by 6.5%, from US$6.51 trillion at the end of December to US$6.93 trillion in January 2023, according to ETFGI's January 2023 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

  • ETFs industry in the United States gathered net inflows of $39.51 Bn in January.
  • 9th month of consecutive net inflows.
  • Assets of $6.93 Tn ETFs industry in the United States at the end of January.
  • During January assets increased 6.5%, going from $6.51 Tn at end of 2022 to $6.93 Tn.

“The S&P 500 increased by 6.28 % in January. Developed markets excluding the US increased by 8.27% in January. Italy (up 14.52%) and the Netherlands (up 14.47%) saw the largest increases amongst the developed markets in January. Emerging markets increased by 6.66% during January. Mexico (up 16.53%) and Czech Republic (up 16.46%) saw the largest increases amongst emerging markets in January.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

Growth in US ETF and ETP assets as of the end of January 2023

The ETFs industry in the United States had 3,102 products, assets of $6.93 trillion, from 275 providers listed on 3 exchanges at the end of January.

During January, ETFs industry in the United States gathered net inflows of $39.51 Bn. Equity ETFs gathered net inflows of $10.85 Bn during January, lower than the $14.10 Bn in net inflows gathered in January 2022. Fixed income ETFs gathered net inflows of $18.50 Bn during January, higher than the $9.31 Bn in net outflows fixed income products suffered in January 2022. Commodities ETFs/ETPs reported net inflows of $799 Mn during January, lower than the $2.99 Bn in net inflows reported in January 2022. Active ETFs attracted net inflows of $8.59 Bn during the month, higher than the $6.86 Bn in net inflows active products reported in January 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $39.38 Bn during January. iShares Core MSCI Emerging Markets ETF (IEMG US) gathered $3.63 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets January 2023: US

Name

Ticker

Assets
($ Mn)
 Jan-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Jan-23

iShares Core MSCI Emerging Markets ETF

IEMG US

72,233.68

3,625.93

3,625.93

JPMorgan BetaBuilders Europe ETF

BBEU US

7,061.22

3,609.91

3,609.91

Vanguard Value ETF

VTV US

104,790.04

2,654.76

2,654.76

Schwab Short-Term US Treasury ETF

SCHO US

12,906.21

2,574.24

2,574.24

iShares iBoxx $ Investment Grade Corporate Bond ETF

LQD US

39,596.83

2,493.12

2,493.12

iShares J.P. Morgan USD Emerging Markets Bond ETF

EMB US

17,512.89

2,447.20

2,447.20

JPMorgan Equity Premium Income ETF

JEPI US

20,240.52

2,442.61

2,442.61

SPDR S&P 500 ETF Trust

SPY US

379,160.88

2,283.30

2,283.30

iShares 20+ Year Treasury Bond ETF

TLT US

31,054.62

1,991.98

1,991.98

ProShares UltraPro Short QQQ

SQQQ US

4,865.57

1,900.77

1,900.77

Schwab US Dividend Equity ETF

SCHD US

47,189.85

1,532.43

1,532.43

iShares iBoxx $ High Yield Corporate Bond ETF

HYG US

18,009.11

1,448.19

1,448.19

Vanguard Total Stock Market ETF

VTI US

278,513.86

1,423.34

1,423.34

Vanguard Total International Bond ETF

BNDX US

46,999.85

1,419.69

1,419.69

iShares MSCI Emerging Markets ETF

EEM US

25,688.65

1,407.16

1,407.16

iShares Core U.S. Aggregate Bond ETF

AGG US

86,604.55

1,313.02

1,313.02

iShares MBS ETF

MBB US

25,461.87

1,258.56

1,258.56

Invesco S&P 500 Equal Weight ETF

RSP US

36,368.70

1,242.78

1,242.78

Direxion Daily Semiconductors Bear 3x Shares

SOXS US

1,661.30

1,170.14

1,170.14

iShares 7-10 Year Treasury Bond ETF

IEF US

24,783.60

1,143.04

1,143.04

The top 10 ETPs by net assets collectively gathered $2.48 Bn during January. ProShares Ultra DJ-UBS Natural Gas (BOIL US) gathered $772.80 Mn, the largest individual net inflow. 

Top 10 ETPs by net new assets January 2023: US

Name

Ticker

Assets
($ Mn)
Jan-23

NNA
($ Mn)
YTD-23

NNA
($ Mn)

Jan-23

ProShares Ultra DJ-UBS Natural Gas

BOIL US

832.91

772.80

772.80

United States Natural Gas Fund LP

UNG US

756.64

553.21

553.21

SPDR Gold MiniShares Trust

GLDM US

5,860.41

385.76

385.76

iShares Silver Trust

SLV US

10,975.97

238.27

238.27

iShares Gold Trust

IAU US

27,937.82

183.27

183.27

ProShares Ultra VIX Short-Term Futures

UVXY US

594.58

153.17

153.17

Invesco CurrencyShares Japanese Yen Trust

FXY US

258.12

67.61

67.61

MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038

FNGU US

903.68

49.90

49.90

iPath Series B S&P 500 VIX Short-Term Futures ETN

VXX US

325.73

41.63

41.63

ProShares VIX Short-Term Futures ETF

VIXY US

242.89

29.43

29.43

Investors have tended to invest in Equity ETFs and ETPs during January.


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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