ETFGI reports that assets invested in actively managed ETFs/ETPs reached a record high of US$141.21 billion at the end of September 2019
LONDON — October 31, 2019 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that actively managed ETFs and ETPs gathered net inflows of IUS$4.24 billion in September, bringing year-to-date net inflows to US$28.37 billion. Assets invested in actively managed ETFs/ETPs finished the month up 3.5%, from US$136.43 billion at the end of August to US$141.21 billion, according to ETFGI's September 2019 Active ETFs and ETPs 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 reached a new record of $141.21 billion
- During September 2019, actively managed ETFs/ETPs attracted $4.24 billion in net inflows.
- Fixed income based actively managed ETFs/ETPs still remain the most popular.
At the end of September 2019, the global active ETF/ETP industry had 718 ETFs/ETPs, with 938 listings, from145 providers on 23 exchanges in 58 countries. Following net inflows of $4.24 billion and market moves during the month, assets invested in the actively managed ETF/ETP industry increased by 3.5% from $136.43 billion at the end of September to $141.21 billion.
Growth in actively managed ETF and ETP assets as of the end of September 2019
Equity focused actively managed ETFs/ETPs listed globally attracted net inflows of $336 million in September, bringing net inflows for the year to September 2019 to $4.87 billion, less than the $6.03 billion in net inflows equity products had attracted for the year to September 2018. Fixed income focused actively managed ETFs/ETPs listed globally attracted net inflows of $3.57 billion in September, bringing net inflows for the year to September 2019 to $22.74 billion, greater than the $17.23 billion in net inflows fixed income products had attracted for the year to September 2018.
Substantial inflows can be attributed to the top 20 ETFs/ETPs by net new assets, which collectively gathered $3.39 billion in September, Franklin Liberty U.S. Core Bond ETF gathered $537.84 million alone.
Top 20 actively managed ETFs/ETPs by net new assets September 2019
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
Franklin Liberty U.S. Core Bond ETF |
FLCB US |
538.91 |
537.84 |
537.84 |
|
JPMorgan Ultra-Short Income ETF |
JPST US |
8,862.68 |
3,698.20 |
486.86 |
|
iShares Liquidity Income ETF |
ICSH US |
2,128.98 |
1,241.71 |
269.34 |
|
SPDR Blackstone/GSO Senior Loan ETF |
SRLN US |
2,236.77 |
(18.41) |
254.19 |
|
First Trust Preferred Securities and Income Fund |
FPE US |
4,424.79 |
1,032.07 |
211.09 |
|
First Trust Low Duration Mortgage Opportunities ETF |
LMBS US |
3,550.50 |
1,461.43 |
189.39 |
|
JPMorgan EUR Ultra-Short Income UCITS ETF |
JSET LN |
493.98 |
377.37 |
171.68 |
|
Purpose High Interest Savings ETF |
PSA CN |
1,582.33 |
509.41 |
147.43 |
|
First Trust Enhanced Short Maturity Fund |
FTSM US |
4,891.89 |
813.85 |
129.26 |
|
PIMCO Enhanced Short Maturity Strategy Fund |
MINT US |
12,787.71 |
501.03 |
128.18 |
|
BMO Low Volatility Canadian Equity ETF |
ZLB CN |
1,574.68 |
552.55 |
112.02 |
|
iShares Commodities Select Strategy ETF |
COMT US |
517.42 |
107.17 |
100.25 |
|
CI First Asset High Interest Savings ETF |
CSAV CN |
275.74 |
273.86 |
98.36 |
|
iShares Short Maturity Bond ETF |
NEAR US |
6,847.60 |
891.94 |
88.05 |
|
PGIM Ultra Short Bond ETF |
PULS US |
647.42 |
465.66 |
85.14 |
|
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF |
PDBC US |
1,540.11 |
(363.71) |
81.45 |
|
BMO Low Volatility US Equity ETF |
ZLU CN |
1,023.31 |
370.87 |
81.43 |
|
First Trust Managed Municipal ETF |
FMB US |
1,064.86 |
525.33 |
80.45 |
|
Mirae Asset TIGER USD Money Market Active ETF |
329750 KS |
129.72 |
130.46 |
68.44 |
|
First Trust Tactical High Yield ETF |
HYLS US |
1,393.65 |
155.11 |
67.53 |
Investors have tended to invest in actively managed Fixed Income ETFs/ETPs during September.
Please contact deborah.fuhr@etfgi.com if you have any questions, suggestions or would like to discuss subscribing to any of ETFGI’s research or consulting services.
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Less than a month left to Register to join the discussion with key industry leading ETF issuers, investors, traders, analysts, regulators, and lawyers – at the ETFGI Global ETFs Insights Summit on December 2nd from 8am – 4:45pm in Toronto at the St Regis Toronto hotel.
The event is designed to facilitate a discussion around the impact regulations and market structure developments are having on the ETF selection, portfolio construction, trading and product development of ETFs.
Complimentary registration is available for buyside institutional investors and financial advisors including traders, portfolio managers and fund selectors. Register here. Attendees will receive a complimentary copy of the CFA Institute's book: "A comprehensive Guide to Exchange Traded Funds (ETFs)"
Our speaker list is continuously growing. View our events page to see the current list of confirmed speakers:
Raymond Chan, Director, Investment Funds and Structured Products, Ontario Securities Commission
Michael Cooke, Senior Vice President, Head of Exchange Traded Funds, Mackenzie Investments
Carol E. Derk, Lawyer, Borden Ladner Gervais
Deborah Fuhr, Managing Partner, Founder, ETFGI
Margaret Gunawan, MD, Head of Canada Legal & Compliance, BlackRock
Steve Hawkins, President & CEO, Horizons ETFs
Ronald C. Landry, Head of Product and Canadian ETF Services, CIBC Mellon
Lisa Lake Langley, CEO & Founder, Emerge Capital Management
Jin Li, Vice President, ETF & Quantitative Research Analyst | Equity Research, BMO Capital Markets
Patrick McEntyre, Managing Director, Electronic Trading & Services, National Bank Financial
Mary Jane Young, Head of ETF Trading, Director, TD Securities
Jos Schmitt, President & CEO, Executive Director, NEO Exchange
Afternoon workshop: during the afternoon attendees will separated into small groups, participants will have the opportunity to discuss with their peers a number of topics of importance relating to ETFs, as well as raise any questions with, and obtain guidance from, outside experts.
The ETFGI Global ETFs Insights Summits 2020 schedule is:
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- Toronto – September 2020
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Episode 1 ETF TV views from industry leaders in Europe
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Episode 3 ETF TV Dan Draper of Invesco picks out the key future trends to watch in the ETF market
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Episode 9 of ETF TV features Sergey Dolomanov, Partner at WILLIAM FRY sharing his views on the value of ETFs being the delivery of better value and choice for investors and the development of active and ESG strategies with Hamish McArthur of ETF TV and Deborah Fuhr of ETFGI
Episode 10 of ETF TV features Jim Goldie, head of ETF Capital Markets (EMEA) at Invesco, sharing his views on the growth in the use of fixed income ETFs, how they can have tighter spreads than the index and provide cost efficient execution, with Hamish McArthur of ETF TV
Episode 11 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv, discussing how to define sustainable investment opportunities and the changing landscape of ESG application within the investment industry
Episode 12 of ETF TV part 2 of the Difference in US and European approaches to ESG should not inhibit growth interview with Elena Philipova, global head of ESG proposition at Refinitiv with Deborah Fuhr, Managing Partner of ETFGI and co-founder of ETF TV
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About Deborah Fuhr
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates.
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.
ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry.
Past awards for Ms Fuhr include the ETF.com’s 2018’s Lifetime Achievement Award, the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.
Deborah Fuhr is a founder and board member of Women in ETFs “WE” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 5,300 members, including women and men, in chapters in major financial centers around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy, and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com
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