ETFGI reports that assets invested in the Global ETFs industry reached a new record of US$12.71 trillion at the end Q1 2024
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By Deborah Fuhr, Managing Partner at ETFGI
ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports that assets invested in the Global ETFs industry reached a new record of US$12.71 trillion at the end of March. The global ETFs industry gathered US$144.94 billion in net inflows in March, bringing year to date net inflows to US$397.61 billion. (All dollar values in USD unless otherwise noted)
Highlights
- Assets invested in the global ETFs industry reached a record $12.71 Tn at the end of Q1 beating the previous record of $12.25 Tn at the end of February 2024.
- Assets have increased 9.2% YTD, going from $11.63 Tn at end of 2023 to $12.71 Tn.
- Net inflows of $144.94 Bn during Q1.
- YTD net inflows of $397.61 Bn are the highest on record, the second highest YTD net inflows were $360.72 Bn in 2021 and the third highest YTD net inflows of 305.82 Bn in 2022.
- 58th month of consecutive net inflows.
“The S&P 500 index increased by 3.22% in March and is up 10.56% YTD in 2024. The developed markets excluding the US index increased by 3.62% in March and is up 5.26% YTD in 2024. Spain (up 10.72%) and Italy (up 6.34%) saw the largest increases amongst the developed markets in March. The Emerging markets index increased by 1.50% during March and was up 2.08% YTD in 2024. Peru (up 10.27%) and Columbia (up 8.19%) saw the largest increases amongst emerging markets in March”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Growth in assets invested in the Global ETFs industry as of the end of March
At the end of March, the Global ETFs industry had 12,127 products, with 24,302 listings, assets of $12,71 Tn, from 741 providers listed on 80 exchanges in 63 countries.
During March, ETFs gathered net inflows of $144.94 Bn. Equity ETFs reported net inflows of $94.62 Bn during March, bringing YTD net inflows to $235.75 Bn, higher than the $30.31 Bn in net inflows YTD in 2023. Fixed income ETFs gathered net inflows of $17.51 Bn during March, bringing YTD net inflows to $61.85 Bn, lower than the $69.83 Bn in net inflows YTD in 2023. Commodities products reported net inflows of $1.15 Bn during March, bringing YTD net outflows to $6.38 Bn, lower than the $2.17 Bn in net inflows YTD in 2023. Active ETFs attracted net inflows of $25.31 Bn during the month, gathering YTD net inflows of $71.53 Bn, higher than the $37.00 Bn in net inflows YTD in 2023.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $71.10 Bn during March. SPDR S&P 500 ETF Trust (SPY US) gathered $14.07 Bn, the largest individual net inflow.
Top 20 ETFs by net new inflows March 2024: Global
Name | Ticker | Assets | NNA | NNA |
SPDR S&P 500 ETF Trust | SPY US | 531,769.81 | (9,783.40) | 14,072.93 |
Vanguard S&P 500 ETF | VOO US | 435,712.29 | 24,252.37 | 7,942.32 |
iShares Bitcoin Trust | IBIT US | 17,830.68 | 13,970.74 | 6,201.48 |
iShares S&P 500 Growth ETF | IVW US | 44,198.74 | 2,813.99 | 4,800.07 |
iShares Edge MSCI USA Quality Factor ETF | QUAL US | 42,790.80 | 2,559.11 | 3,883.54 |
Blackrock US Equity Factor Rotation ETF | DYNF US | 7,175.19 | 6,798.25 | 3,574.83 |
Fidelity Wise Origin Bitcoin Fund | FBTC US | 10,242.66 | 7,597.86 | 2,797.75 |
iShares US Treasury Bond ETF | GOVT US | 25,522.04 | 3,163.29 | 2,751.70 |
iShares Core U.S. Aggregate Bond ETF | AGG US | 104,838.50 | 4,737.98 | 2,641.45 |
Vanguard Total Stock Market ETF | VTI US | 386,770.99 | 7,989.85 | 2,568.75 |
Invesco QQQ Trust | QQQ US | 259,868.88 | 9,643.74 | 2,357.52 |
E Fund CSI 300 ETF | 510310 CH | 18,655.39 | 11,334.91 | 2,338.38 |
SBI-ETF Nifty 50 – Acc | SBINIFT IN | 21,232.94 | 2,091.42 | 2,123.29 |
iShares Currency Hedged MSCI EAFE ETF | HEFA US | 6,418.48 | 2,127.44 | 2,018.03 |
Invesco S&P 500 Equal Weight ETF | RSP US | 54,660.73 | 1,208.47 | 1,986.37 |
UPAMC Taiwan High Dividend Momentum ETF | 00939 TT | 1,914.18 | 1,914.18 | 1,914.18 |
iShares Core MSCI EAFE ETF | IEFA US | 115,057.87 | 2,585.75 | 1,887.55 |
Eagle Capital Select Equity ETF | EAGL US | 1,796.98 | 1,788.55 | 1,788.55 |
iShares MSCI Emerging Markets ex China ETF | EMXC US | 12,957.81 | 3,729.25 | 1,752.90 |
Capital TIP Taiwan Select High Dividend ETF | 00919 TT | 6,036.64 | 2,559.97 | 1,693.75 |
The top 10 ETPs by net new assets collectively gathered $2.60 Bn over March. WisdomTree Physical Silver – Acc (PHAG LN) gathered $832.90 Mn, the largest individual net inflow.
Top 10 ETPs by net new inflows March 2024: Global
Name | Ticker | NNA | NNA | NNA |
PHAG LN | 2,057.21 | 793.35 | 832.90 | |
SPDR Gold Shares | GLD US | 59,081.83 | (3,111.23) | 520.21 |
iShares Physical Silver ETC – Acc | SSLN LN | 785.65 | 254.30 | 245.97 |
Hana Securities Hana CD Interest Rate Investment ETN 26 | 700026 KS | 223.23 | 223.23 | 223.23 |
Xtrackers IE Physical Gold ETC Securities – Acc | XGDU LN | 3,640.08 | 231.87 | 167.72 |
NH QV KIS CD Interest Rate Investment ETN 82 | 550082 KS | 539.53 | 231.43 | 154.15 |
KB Securities KB KIS CD ETN 58 | 580058 KS | 148.82 | 148.82 | 148.82 |
AMUNDI PHYSICAL GOLD ETC (C) – Acc | GOLD FP | 4,575.61 | 307.29 | 127.12 |
SPDR Gold MiniShares Trust | GLDM US | 6,987.63 | 151.19 | 95.75 |
Xtrackers Physical Gold ETC (EUR) – Acc | XAD5 GY | 2,202.38 | 92.10 | 80.28 |
Investors have tended to invest in Equity ETFs/ETPs during March.
ETFGI is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, Founder, ETFGI website www.etfgi.com.
Source: ETFWorld
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