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Portfolio > ETFs

ETFs Gather Record Assets in Q3: ETFGI

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Assets invested in exchange-traded funds and products listed in the U.S. and globally hit new highs at the end of the third quarter, ETFGI reported Wednesday.

U.S.-listed ETFs/ETPs took in a net $13.6 billion in September, marking the seventh consecutive month of net inflows and putting total assets at a record $2.4 trillion. Assets invested in ETFs/ETPs listed globally set a new record high of $3.4 trillion, with $25.2 billion in assets gathered in September, the 32nd consecutive month of net inflows.

Record asset levels were also reached at the end of the third quarter in Europe, $566.7 billion, and in Asia/Pacific ex-Japan, at $131.9 billion.

At the end of September, the global ETF/ETP industry had 6,526 ETFs/ETPs, with 12,386 listings from 284 providers listed on 65 exchanges in 53 countries. 

“Although there was a rally after the FOMC’s vote to leave interest rates unchanged in September, the S&P 500 ended the month flat and the DJIA with a moderate decline of 0.4%,” Deborah Fuhr, co-founder and managing partner at ETFGI, said in a statement. “Developed markets ex-U.S. and emerging markets were up 1.5% and 1.2%, respectively.”

U.S. Haul

Year to date through September, U.S.-listed ETFs/ETPs have gathered a record $152.5 billion in net inflows, surpassing the previous record of $146.6 billion set in the first nine months of 2015. Following is a breakdown of year-to-date ETF/ETP flows:

  • Fixed income: $68 billion, up from the same-period 2015 record of $39 billion
  • Equity: $53 billion, way off the same-period 2013 record of $125 billion
  • Commodity: $23 billion, way ahead of the same-period 2012 record of $10 billion

The top three ETF/ETP providers, out of 97, accounted for 81.7% of U.S. ETF/ETP assets. iShares was the biggest provider in terms of assets with $938 billion and a 38.8% market share, followed by Vanguard with $578 billion and 23.9% market share and SPDR ETFs with $458 billion and 19% market share.

Year to date, iShares had net ETF/ETP inflows of $62.6 billion, Vanguard $57.8 billion and SPDR ETFs $17.7 billion.

The same three providers had the largest net ETF/ETP inflows globally for the year to date:  iShares $88.4 billion, Vanguard $63.5 billion and SPDR ETFs $22.6 billion.


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