ETFGI reports that assets of US$8.17 billion invested in ETFs and ETPs listed in US at the end of February 2023
LONDON — March 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
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 |
NNA |
NNA |
iShares Short Treasury Bond ETF |
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 |
NNA |
NNA 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.
##
Register your interest in attending our upcoming 2023 ETFGI Global ETFs Insights Summits:
4th Annual Latin America, April 19-20 Virtual Register Here
4th Annual Europe & MEA, June 14 In person in London & June 15 Virtual Register Here
4th Annual USA, Sep 20 In person in New York & Sep 21 Virtual Register Here
4th Annual Asia Pacific, October 24-25 Virtual Register Here
5th Annual Canada, Nov 29 In person in Toronto & Nov 30 Virtual Register Here
Please contact Deborah Fuhr deborah.fuhr@etfgi.com and Margareta Hricova margareta.hricova@etfgi.com if you are interested in speaking, sponsoring or have any questions about any of our upcoming events.
? Session recordings - Register to watch the session recordings from our 2022 events.
2022 ETFGI Global ETFs Insights Summits:
2nd ESG & Active ETFs Trends, March 23th & 24th Watch the session recordings
3rd Annual Latin America, April 27th & 28th Watch the session recordings
3rd Annual Europe & MEA, September 14-16 Watch the session recordings
3rd Annual Asia Pacific, October 12 - 13 Watch the session recordings
3rd Annual USA, November 15 - 16 Watch the session recordings
4th Annual Canada, November 30 - December 1 Watch the session recordings
ETF TV episode #129 – A special episode to pay tribute to Kathleen H. Moriarty (aka “spdrwoman”), the lawyer instrumental to developing the SPDR S&P 500 ETF (SPY), who passed away in December. We are sharing with our viewers a video tribute made by Emily Meyer, Co-president of Women in ETFs US.https://bit.ly/3SFu2Jx
ETFGI is supporting Jobs in ETFs, the first website for careers and recruitment in the ETF industry.
Contact:
Deborah Fuhr
Managing Partner, Founder
ETFGI
Mobile: +44 777 5823 111
Email: deborah.fuhr@etfgi.com
Web: www.etfgi.com
Connect on:
Deborah Fuhr Twitter | LinkedIn
ETFGI Twitter | LinkedIn | Website
ETFs Network LinkedIn
ETF TV Twitter | LinkedIn | Website
Women in ETFs, Board member and founder
Women in ETFs Twitter | LinkedIn | Website
Disclaimer
This message is intended solely for the addressee and may contain confidential information. If you have received this message in error, please send it back to us, and immediately and permanently delete it. Do not use, copy or disclose the information contained in this message or in any attachment.
ETFGI LLP is a limited liability partnership registered in England and Wales with registered number OC372221. Registered address is 130 Jermyn Street, 6th Floor, St James’s, London SW1Y 4UR.
ETFGI LLP has taken every reasonable precaution to ensure that any attachment to this e-mail has been swept for viruses. However, we cannot accept liability for any damage sustained as a result of software viruses and would advise that you carry out your own virus checks before opening any attachment.