ETFGI reported today that ETFs and ETPs listed Globally saw net outflows of US$4.05 billion in May, bringing year-to-date net inflows to US$141.04 billion….
Assets invested in the Global ETF/ETP industry have decreased by 4.6%, from US$5.57 trillion at the end of April, to US$5.32 trillion, according to ETFGI’s May 2019 Global ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
- Assets invested in the Global ETF/ETP industry declined to US$5.32 Tn.
- Assets invested in the Global ETF/ETP industry decreased by 4.6% in May.
- During May 2019, ETFs/ETPs listed Globally saw$4.05 Bn in net outflows.
- 1st month of net outflows into ETFs/ETPs listed globally since January 2014.
“Markets appear to have returned to the uncertainty of 2018, after the US/China Trade war escalated further.
In addition to that, Mr. Trump threatened higher tariffs on Mexican goods.
The S&P 500 finished May down 6.4%, bringing year-to-date returns to 9.7%.” according to Deborah Fuhr, managing partner and founder of ETFGI.
At the end of May 2019, the Global ETF/ETP industry had 7,797 ETFs/ETPs, from 415 providers listed on 71 exchanges in 58 countries.
Following net outflows of $4.05 Bn and market moves during the month, assets invested in the Global ETF/ETP industry decreased by 4.6% from $5.57 Tn at the end of April, to $5.32 Tn in May 2019.
Growth in Global ETF and ETP assets as of the end of May 2019
Equity ETFs/ETPs listed Globally attracted net outflows of $18.92 Bn in May, bringing net inflows for 2019 to $52.14 Bn, substantially less than the $116.54 Bn in net inflows equity products had attracted by the end of May 2018.
Fixed income ETFs/ETPs listed Globally attracted net inflows of $10.76 Bn in May, bringing net inflows for 2019 to $79.39 Bn, considerably greater than the $33.62 Bn in net inflows fixed income products had attracted by the end of May 2018.
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $21.79 Bn in May, the iShares Core S&P 500 ETF (IVV US) gathered $5.54 Bn alone.
Top 20 ETFs by net new assets May 2019: Global
|iShares Core S&P 500 ETF||IVV US|
|TOPIX Exchange Traded Fund||1306 JP|
|iShares S&P/TSX 60 Index Fund||XIU CN|
|Vanguard Total Bond Market ETF||BND US|
|iShares Core U.S. Aggregate Bond ETF||AGG US|
|iShares Core MSCI EAFE ETF||IEFA US|
|iShares MSCI USA Minimum Volatility ETF||USMV US|
|iShares 1-3 Year Treasury Bond ETF||SHY US|
|NEXT FUNDS Nikkei 225 Leveraged Index ETF||1570 JP|
|Technology Select Sector SPDR Fund||XLK US|
|Daiwa ETF TOPIX||1305 JP|
|Invesco MSCI Saudi Arabia UCITS ETF||MSAU LN|
|Listed Index Fund TOPIX||1308 JP|
|iShares MSCI Saudi Arabia Capped UCITS ETF – Acc||IKSA LN|
|SPDR Bloomberg Barclays 1-3 Month T-Bill ETF||BIL US|
|iShares US Treasury Bond ETF||GOVT US|
|Vanguard Intermediate-Term Corporate Bond ETF||VCIT US|
|UBS ETF-MSCI Japan UCITS ETF (JPY) – Acc||JPNA SW|
|Vanguard Total Stock Market ETF||VTI US|
|iShares Core S&P Total U.S. Stock Market ETF||ITOT US|
The top 10 ETP’s by net new assets collectively gathered $1.22 Bn in March. NEXT NOTES S&P500 Dividend Aristocrats Net Return ETN (2044 JP) gathered $302 Mn.
Top 10 ETPs by net new assets May 2019: Global
|NEXT NOTES S&P500 Dividend Aristocrats Net Return ETN|
|NEXT NOTES Nikkei TOCOM Leveraged Crude Oil ETN|
|Invesco Gold ETC|
|Xtrackers Physical Gold ETC|
|NEXT NOTES Tokyo Stock Exchange Mothers Index ETN|
|Xtrackers Physical Gold Euro Hedged ETC|
|VelocityShares 3x Long Crude Oil ETN|
|Amundi Physical Metals PLC|
|iShares Physical Gold ETC|
|Large Cap Growth Index-Linked Exchange Traded Notes due 2028|
Investors have tended to invest in fixed income/leveraged ETFs in May.
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.