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ETFGI reports that assets of US$8.17 billion invested in ETFs and ETPs listed in US at the end of February 2023

LONDONMarch 21, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that the ETFs industry in the United States gathered net inflows of US$8.17 billion during February, bringing year-to-date net inflows to US$47.69 billion. During the month, assets invested in ETFs industry in the United States decreased by 1.9%, from US$6.88 trillion at the end of January to US$6.75 trillion in February 2023, according to ETFGI's February 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 $8.17 Bn in February.
  • YTD net inflows of $47.69 Bn are the sixth highest on record, while the highest recorded YTD net inflows are of $153.95 Bn for 2021 followed by YTD net inflows of $99.04 Bn in 2022.
  • 10th month of consecutive net inflows.
  • Assets of $6.76 Tn invested in ETFs industry in the United States at the end of February.
  • Assets increased 3.8% YTD in 2023, going from $6.51 Tn at end of 2022 to $6.75 Tn.

“The S&P 500 decreased by 2.44 % in February but is up by 3.69% YTD in 2023. Developed markets excluding the US decreased by 2.59% in February but are up 5.47% YTD in 2023. Israel (down 6.97%) and Hong Kong (down 6.94%) saw the largest decreases amongst the developed markets in February. Emerging markets decreased by 5.57% during February but are up 0.72% YTD in 2023. Colombia (down 11.62%) and Thailand (down 9.38%) saw the largest decreases amongst emerging markets in February.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

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

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The ETFs industry in the United States had 3,119 products, assets of $6.755 Tn, from 276 providers listed on 3 exchanges at the end of February.

The ETFs industry in the United States had 3,119 products, assets of $6.755 Tn, from 276 providers listed on 3 exchanges at the end of February.

During February, the ETFs industry in the United States gathered net inflows of $8.17 Bn. Equity ETFs suffered net outflows of $3.59 Bn during February, bringing YTD net inflows to $7.26 Bn, significantly lower than the $69.15 Bn in net inflows YTD in 2022. Fixed income ETFs reported net inflows of $831 Mn during February, bringing YTD net inflows to $19.33 Bn, higher than the $1.59 Bn in net outflows YTD in 2022. Commodities ETFs/ETPs reported net outflows of $313 Mn during February, bringing YTD net inflows to $486 Mn, significantly lower than the $6.03 Bn in net outflows reported YTD in 2022. Active ETFs attracted net inflows of $10.77 Bn over the month, gathering YTD net inflows of $19.37 Bn, slightly higher than the $17.46 Bn in net inflows active products had reported YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $29.02 Bn during February. iShares Short Treasury Bond ETF (SHV US) gathered $4.55 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets February 2023: US

Name

Ticker

Assets
($ Mn)
 Feb-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Feb-23

iShares Short Treasury Bond ETF

SHV US

23,742.60

3,691.46

4,546.47

JPMorgan BetaBuilders Europe ETF

BBEU US

8,957.34

5,669.33

2,059.42

JPMorgan Equity Premium Income ETF

JEPI US

21,482.06

4,298.76

1,856.15

Vanguard Total Bond Market ETF

BND US

87,558.62

2,517.97

1,712.18

iShares 0-3 Month Treasury Bond ETF

SGOV US

8,122.90

703.38

1,695.50

iShares Core U.S. Aggregate Bond ETF

AGG US

85,719.06

2,879.52

1,566.50

SPDR Portfolio Short Term Treasury ETF

SPTS US

5,412.76

1,569.47

1,421.56

Vanguard Total Stock Market ETF

VTI US

274,226.57

2,798.25

1,374.91

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

BIL US

26,347.55

(415.49)

1,352.82

Vanguard S&P 500 ETF

VOO US

274,851.96

1,788.85

1,304.18

BNY Mellon US Large Cap Core Equity ETF

BKLC US

1,649.56

1,260.48

1,194.91

Schwab US Dividend Equity ETF

SCHD US

46,803.48

2,711.79

1,179.36

iShares 10-20 Year Treasury Bond ETF

TLH US

8,277.81

2,262.50

1,169.52

WisdomTree Voya Yield Enhanced USD Universal Bond Fund

UNIY US

1,079.40

1,101.79

1,101.79

First Trust Financial AlphaDEX Fund

FXO US

2,226.66

1,049.89

1,064.52

iShares 20+ Year Treasury Bond ETF

TLT US

30,364.60

2,913.35

921.37

JPMorgan Ultra-Short Income ETF

JPST US

25,144.46

1,182.39

919.44

Vanguard Value ETF

VTV US

102,767.67

3,554.72

899.96

Pacer US Cash Cows 100 ETF

COWZ US

12,547.50

1,995.05

853.92

Invesco QQQ Trust

QQQ US

156,342.65

(3,549.90)

826.25

The top 10 ETPs by net assets collectively gathered $1.38 Bn during February. ProShares Ultra DJ-UBS Natural Gas (BOIL US) gathered $595.75 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets February 2023: US

Name

Ticker

Assets
($ Mn)
Feb-23

NNA
($ Mn)
YTD-23

NNA
($ Mn)

Feb-23

ProShares Ultra DJ-UBS Natural Gas

BOIL US

1,498.67

1,368.55

595.75

United States Natural Gas Fund LP

UNG US

1,259.34

1,002.12

448.91

SPDR Gold MiniShares Trust

GLDM US

5,629.93

459.35

73.59

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

FNGD US

167.38

89.65

71.86

X-Links Crude Oil Shares Covered Call ETN

USOI US

388.85

39.66

42.91

Invesco DB Base Metals Fund

DBB US

268.27

37.47

38.90

iShares Silver Trust

SLV US

9,819.48

273.21

34.95

ProShares Ultra DJ-UBS Crude Oil

UCO US

776.62

(33.78)

29.78

United States Brent Oil Fund LP

BNO US

251.52

24.05

26.09

Aberdeen Standard Physical Palladium Shares ETF

PALL US

270.90

38.09

19.26


 

Investors have tended to invest in Active ETFs/ETPs during February.

 

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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