In August, there were 10 new ETFs launched. However, last month was one of the biggest months for ETF closures, with 41 taken off the market, and more announced closures in September.
Nevertheless, the ETF industry is still going strong. According to BlackRock data, global exchange traded products attracted $39.8 billion in net inflows over August and added $213.4 billion in inflows for the year ended August. U.S.-listed ETFs have brought in $153.1 billion in net inflows year-to-date.
The most popular new ETF launches of 2016 include an eclectic bunch. So far this year, the SPDR Gender Diversity Index ETF (NYSEArca: SHE) attracted $278.8 million, WisdomTree Dynamic Currency Hedged International Equity Fund (BATS: DDWM) a brought in $276.1 million, IQ Enhanced Core Plus Bond U.S. ETF (NYSEArca: AGGP) has $247.2 million in assets under management and First Trust Dorsey Wright Dynamic Focus 5 ETF (NasdaqGM: FVC) holds $232.0 million.
Money managers who are interested in learning more about the ETF industry and the investment vehicle can attend the in-person third annual ETF Boot Camp in New York on September 29-30. Want 50% off? Sign-up with a colleague and both use promo code “buddy” at checkout.