Markets

Assets Invested In Actively Managed ETFs/ETPs Listed Globally Reach $106 Billion By Sept. '18

LONDONOctober 30, 2018 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that assets invested in actively managed ETFs and ETPs listed globally reached a new high of US$106 billion, following net inflows of US$2.96 billion and market moves during September. August trends continued, with actively managed ETFs/ETPs in North America attracting net inflows, while actively managed ETFs/ETPs in Europe saw net outflows, according to ETFGI’s September 2018 Global Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.)

Highlights

  • Total Assets in actively managed ETFs and ETPs listed globally reached a record $106 Bn in September.
  • Net new assets gathered by actively managed ETFs/ETPs listed globally were $2.96 Bn in September.
  • 44th consecutive months of net inflows into actively managed ETFs/ETPs listed globally.

“Developed markets were broadly up during September following positive economic data from the US, Japan and Eurozone, despite the US-China trade dispute and on-going political tension in Europe. Developed Markets ex-US gained 0.68% during the month while the S&P 500’s winning streak tapered off, gaining only 0.57%, with mid to small cap US equities closing down. Developing markets downward trend continued, with EM markets down 1.37% and Frontier markets down 0.18%, bringing year to date declines to 8.08% and 7.56%, respectively.” according to Deborah Fuhr, managing partner and a founder of ETFGI.

At the end of September 2018, the Global Active ETF/ETP industry had 583 ETFs/ETPs, with 728 listings, assets of $106 Bn, from 122 providers listed on 20 exchanges. Following net inflows of $2.96 and market moves during the month, assets invested in actively managed ETFs/ETPs listed globally increased by 1.40%, from $104 Bn in August 2018 to $106 Bn.

Growth in Global Actively managed ETF and ETP assets as of the end of September 2018

Actively managed Fixed Income ETFs and ETPs listed globally gathered net inflows of $1.97 Bn in September, growing net inflows for 2018 to $17.40 Bn, greater than the $13.59 Bn in net inflows at this point last year.  Actively managed Equity ETFs/ETPs listed globally gathered net inflows of $475 Mn in September, bringing net inflows for 2018 to $6.02 Bn, greater than the $4.67 Bn in net inflows at this point last year.

September marked the 44th consecutive month of net inflows into actively managed ETFs/ETPs listed globally. Year-to-date in 2018 actively managed products have seen net inflows of $27.02 Bn, greater than the $18.81 Bn in net inflows at this point last year.

A large proportion of net inflows during September can be attributed to the top 20 actively managed ETFs by net new assets, which collectively gathered $2.49 Bn. The PIMCO Enhanced Short Maturity Strategy Fund (MINT US) gathered $497 Mn, the largest net inflow in September, followed by the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC US) which gathered $423 Mn.

Top 20 ETFs by net new assets September 2018: Global

PIMCO Enhanced Short Maturity Strategy Fund MINT US 10629.85 82 2,580 497
Invesco Optimum Yield Diversified Comm Strat K-1 ETF PDBC US 2654.29 47 1,810 423
iShares Short Maturity Bond ETF NEAR US 4607.2 30 1,726 173
JPMorgan Ultra-Short Income ETF JPST US 2433.9 37 2,323 168
First Trust Enhanced Short Maturity Fund FTSM US 2658 23 1,218 156
Hartford Total Return Bond ETF HTRB US 196.27 0 177 151
Purpose High Interest Savings ETF PSA CN 706.58 39 268 117
First Trust Tcw Unconstrained Plus Bond Etf UCON US 110.7 5 110 85
First Trust Senior Loan ETF FTSL US 1842.82 9 506 74
SPDR Blackstone/GSO Senior Loan ETF SRLN US 3438.31 22 1,066 68
First Trust Low Duration Mortgage Opportunities ETF LMBS US 1657.77 10 712 66
Strategy Shares EcoLogical Strategy ETF HECO US 75.06 4 66 66
Invesco Ultra Short Duration ETF GSY US 1481.47 13 417 65
iShares Liquidity Income ETF ICSH US 534.2 5 391 63
JPMorgan USD Ultra-Short Income UCITS ETF JPST IM 127.3 0 139 62
Hartford Short Duration ETF HSRT US 74.06 3 74 54
Janus Short Duration Income ETF VNLA US 621.17 4 405 53
ARK Innovation ETF ARKK US 1401.47 12 857 52
PIMCO Euro Short Maturity Source UCITS ETF PJSR GY 292.66 0 142 50
ARK Genomic Revolution Multi-Sector ETF ARKG US 338.82 6 236 41

Investors have tended to invest in Fixed income strategy actively managed ETFs in September.

Please contact deborah.fuhr@etfgi.com if you would like to discuss the cost to subscribe to any of ETFGI’s research or consulting services. ETFGI is a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, co-founder, ETFGI website www.etfgi.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Deborah Fuhr

Deborah Fuhr, partner and co-founder of ETFGI, an independent research and consulting firm providing services to investors and the ETF industry. Prior roles Global Head of ETF Research and Implementation Strategy and a Managing Director at BlackRock/BGI for 3 years and Managing Director and head of the Investment Strategies Group for 11 years.

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