According to ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, ETFs and ETPs listed globally reached a record high for the close of September.
ETFs and ETPs listed globally attracted net inflows of US$77.17 billion in September, raising the year-to-date net inflows to US$350.25 billion, which is on par with the US$351.09 gathered at this time last year. Assets invested in the Global ETF/ETP industry have risen by 2.6%, from US$5.64 trillion at the end of August, to US$5.78 trillion at the end of September, according to ETFGI’s September 2019 Global ETFs and ETPs industry insights landscape report, an annual paid-for research subscription service.
Despite the dynamic political and economic landscape this year, the broader market has been able to tread water within 1-2% of the all-time highs, and this has helped garner more ETF and ETP inflows.
“The S&P 500 gained 1.9% during September despite slowing economic growth, ongoing trade disputes and a presidential impeachment inquiry. Shifting the focus to the S&P Developed ex-U.S. BMI, the index was up 3.0%, as 23 of 25 countries gained during the month; the highest gainer in the month was Korea (up 6.4%), while Hong Kong continued to decline (down 0.8%). From an Emerging Markets standpoint, the S&P Emerging BMI gained 1.4%, with 15 of the 23 reporting gains. Globally, equities reclaimed prior month losses, gaining 2.1%, as measured by the S&P Global BMI (38 out of 50 countries reporting gains).” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Substantial inflows can be attributed to the top 20 ETF’s by net new assets, which collectively gathered $38.51 billion in September. For example, the SPDR S&P 500 ETF Trust gathered $8.62 billion alone.
The top 5 ETFs by net new assets were: the SPDR S&P 500 ETF Trust, the iShares Russell 2000 ETF, the Vanguard Total Stock Market ETF, the Vanguard Total International Bond ETF, and the iShares Core S&P 500 ETF.
Meanwhile, some of the top ETPs by new assets included, the SPDR Gold Shares ETF and the iShares Gold Trust, indicating that investors are once again favoring gold as a safe haven amid economic uncertainty.
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