ETFGI reports that assets invested in ETFs and ETPs listed globally broke through the $7 trillion milestone at the end of August.
By Deborah Fuhr, Managing Partner at ETFGI
ETFGI reports assets invested in ETFs and ETPs listed globally broke through the $7 trillion milestone at the end of August 2020
During the month ETFs and ETPs listed globally gathered net inflows of US$55.18 billion, bringing year-to-date net inflows to US$428.25 billion which is significantly higher than the US$272.62 billion gathered at this point last year. Assets invested in the global ETFs/ETPs industry have increased by 5.1%, from US$6.66 trillion at the end of July 2020, to US$7 trillion at the end of August, according to ETFGI’s August 2020 Global ETFs and ETPs industry landscape insights report. (All dollar values in USD unless otherwise noted.)
Assets invested in ETFs and ETPs listed globally broke through the $7 trillion milestone at the end of August
August marks the 15th month of net inflows
During August ETFs and ETPs listed globally gathered net inflows of $55.18 billion
year-to-date net inflows are $428.25 million which is significantly higher than the US$272.62
Equity products attracted $24.82 billion the majority net inflows during August.
“The S&P 500 enjoyed its best August since 1986, gaining 7.2% in the month and up 9.7% year to date. The 24 developed ex-U.S. markets were all up for the month with the index up 5.5% – Norway (up 8.9%) and Japan (up 7.9%) gained most, while Iberian countries Spain (up 1.9%) and Portugal (up 0.2%) gained least. Emerging markets gained 2.7% in August, with the U.S. dollar weakness and virus responses impacting performance.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Global ETF and ETP assets as of the end of August 2020
At the end of August 2020, the Global ETF/ETP industry had 8,287 ETFs/ETPs, with 16,495 listings, assets of $7 trillion, from 474 providers listed on 73 exchanges in 59 countries.
During August 2020, ETFs/ETPs gathered net inflows of $55.19 billion. Equity ETFs/ETPs listed globally reported net inflows of $24.82 billion during August, bringing net inflows for 2020 to $137.74 billion, significantly more than the
$87.63 billion in net inflows equity products had attracted YTD in 2019. Fixed income ETFs/ETPs listed globally gathered net inflows of $19.99 billion at the end of month, bringing net inflows for 2020 to $160.61 billion, higher than the $147.99 billion in net inflows fixed income products had attracted YTD in 2019. Active ETFs/ETPs reported $7.82 billion in net inflows bringing net inflows for 2020 to $43.24 billion, which is much greater than the $24.62 billion in net inflows reported through August 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $25.56 billion at the end of August, the iShares Core MSCI EAFE ETF (IEFA US) gathered $2.18 billion alone.
Top 20 ETFs by net new inflows August 2020: Global
iShares Core MSCI EAFE ETF
Vanguard Total Bond Market ETF
Invesco QQQ Trust
Vanguard Total Stock Market ETF
Vanguard Short-Term Corporate Bond ETF
TOPIX Exchange Traded Fund
iShares TIPS Bond ETF
iShares Russell 2000 ETF
ARK Innovation ETF – Acc
Vanguard Intermediate-Term Corporate Bond ETF
Xtrackers USD High Yield Corporate Bond ETF
iShares Edge MSCI USA Value Factor ETF
Financial Select Sector SPDR Fund
Vanguard Total International Stock Index Fund ETF
Listed Index Fund TOPIX
Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF – Acc
Vanguard Short-Term Bond ETF
Utilities Select Sector SPDR Fund
Industrial Select Sector SPDR Fund
The top 10 ETPs by net new assets collectively gathered $3.40 billion in August. The iShares Gold Trust – Acc (IAU US) gathered $897.02 million alone.
Top 10 ETPs by net new inflows August 2020: Global
iShares Gold Trust – Acc
SPDR Gold Shares – Acc
Invesco Physical Gold ETC – Acc
SPDR Gold MiniShares Trust – Acc
ProShares Ultra VIX Short-Term Futures
Xtrackers Physical Silver ETC (EUR) – Acc
iPath Series B S&P 500 VIX Short-Term Futures ETN – Acc
Aberdeen Physical Swiss Gold Shares – Acc
Invesco DB Agriculture Fund – Acc
iShares Silver Trust – Acc
Investors have tended to invest in Equity ETFs/ETPs during August.