US ETF/ETP industry on course for record net inflows, according to ETFGI

Dec 10th, 2015 | By | Category: ETF and Index News

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Exchange-traded funds and exchange-traded products listed in the US have gathered $201.7bn in net new assets as of the end of November according to London-based ETF consultancy ETFGI. The net inflows represent a 5% increase on the $191.8bn brought in over the same period last year. This sets the industry up for another full-year record breaking performance. It is the 10th consecutive month of positive net inflows for the country.

US ETF/ETP industry on course for record net inflows, according to ETFGI

Deborah Fuhr, managing partner at ETFGI.

During November, US-listed ETFs/ETPs gathered a total of $26.9bn in net new assets despite relatively underwhelming performance across most major indices. Deborah Fuhr, managing partner at ETFGI, commented: “Global markets were mostly down in November, developed markets outside the US declined 1%, emerging markets ended down 3% while the Dow Jones Industrial Average and the S&P 500 ended up less than 1%.”

Equity ETFs/ETPs were the most popular asset class, netting $26.9bn. Fixed income ETFs/ETPs experienced a turnaround in performance; after strong inflows during October, there were net outflows of $879m during November as investors sold off Treasury ETFs on higher expectations of an interest rate hike ahead of the Federal Reserve meeting in December. Flows in commodity ETFs/ETPs were flat with mild net outflows of $58m recorded.

Over the course of the year, equity ETFs/ETPs have attracted the highest net new assets with $201.7bn, followed by fixed income ETFs/ETPs with $49.0bn and commodity ETFs/ETPs with $861m in net inflows.

iShares has been the most successful gatherer of new assets within the US, both during November and throughout 2015, bringing in net inflows of $13.1bn and $85.4bn respectively. Vanguard has come in second place with net inflows of $7.3bn and $67.3bn.

During November, other successful gatherers of net new assets in the US included First Trust (+$1.6bn), Schwab ETFs (+$1.3bn) and USCF (+1.0bn). Over the course of the year, WisdomTree (+$20.0bn), Deutsche Bank (+$16.9bn), Schwab ETFs ($12.3bn) and First Trust (+$10.6bn) have all experienced significant success.

The US ETF/ETP industry had 1,824 ETFs/ETPs, assets of US$2.1 trillion, from 92 providers listed on 3 exchanges at the end of November.

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