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Portfolio > Economy & Markets > Fixed Income

Fixed Income, Commodity ETFs Gathered Record Net Inflows in April

By Michael S. Fischer

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Assets invested in U.S.-listed exchange-traded funds and products rose to more than $2.2 trillion in April, a record, ETFGI reported Wednesday.

At the end of April, the U.S. sector had 1,884 ETFs/ETPs from 97 providers listed on three exchanges.

ETFs/ETPs listed globally on 65 exchanges in 51 countries also set a record last month, with invested assets slightly exceeding $3.1 trillion.

“Following a strong market performance in March, the S&P 500 index was up just 0.39% in April,” ETFGI managing partner Deborah Fuhr noted in a statement.  

Developed markets ex-U.S. were up 3.2%, while emerging markets ended up 1.1% and the S&P GSCI commodity index was up 10.1%.  

“There is still a significant amount of uncertainty in the markets due to the upcoming Brexit vote, the U.S. election, the efficacy and future of QE programs around the world.” Fuhr said.

In April, U.S.-listed ETFs/ETPs had net inflows of $11.2 billion.  Equity funds accounted for the largest net inflows, with $8.2 billion, followed by fixed income funds with $2.8 billion.

Commodity ETFs/ETPs experienced net outflows of $916 million.

Year to date through April, U.S.-listed products have attracted net inflows of $45.3 billion, including record net new assets of $33.7 billion gathered by fixed income ETFs/ETPs and $8.1 billion by commodity funds.

Vanguard topped the asset gathering in April with $5.9 billion net inflows, followed by iShares with $3.6 billion and ProShares with $1.2 billion.

Through April this year, Vanguard has had net inflows of $22.3 billion. Close behind is iShares with $20.1 billion, followed by SPDR ETFs with $8.1.billion.

Global Flows

ETFs/ETPs listed outside the U.S. also reached record levels of assets in April:

  • Canada: $77.4 billion
  • Europe: $533.3 billion
  • Japan: $145.9 billion
  • Asia/Pacific ex-Japan: $125.2 billion

In April, ETFs/ETPs listed globally gathered net inflows of $10.1 billion, marking the 27th consecutive month of net inflows. Year to date, they have experienced net inflows of $79.4 billion.

Fixed income ETFs/ETPs set a record for net new assets, $48.7 billion. Commodity funds pulled in $14.4 billion, leveraged inverse ETFs/ETPs $4.7 billion and inverse ETFs/ETPs $2.4 billion.

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