ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that actively managed ETFs and ETPs generated net inflows of IUS$4.24 billion in September, bringing year-to-date net inflows to US$28.37 billion.
According to ETFGI’s September 2019 Active ETFs and ETPs industry landscape insights report, assets invested in actively managed ETFs/ETPs finished the month up 3.5%, from US$136.43 billion at the end of August to US$141.21 billion.
“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.
Steady Growth Through December
The industry demonstrated steady growth, and by the end of September 2019, the global active ETF/ETP space contained 718 ETFs/ETPs, with 938 listings, from 145 providers on 23 exchanges in 58 countries. After net inflows of $4.24 billion and market moves during the month, assets invested in the actively managed ETF/ETP industry increased by 3.5% from $136.43 billion at the end of September to $141.21 billion.
Equity focused actively managed ETFs/ETPs were highly active, showing listed globally attracted net inflows of $336 million in September. This lifted net inflows for the year to September 2019 to $4.87 billion, still less though than the $6.03 billion in net inflows equity products had attracted for the year to September 2018.
Meanwhile, fixed income had a banner month as well, where focused actively managed ETFs/ETPs listed globally gathered net inflows of $3.57 billion in September, bringing net inflows for the year to September 2019 to $22.74 billion, greater than the $17.23 billion in net inflows fixed income products had attracted for the year to September 2018.
Considerable inflows can be attributed to the top 20 ETFs/ETPs by net new assets, which collectively gathered $3.39 billion in September, Franklin Liberty U.S. Core Bond ETF gathered $537.84 million alone.
Other top ETF inflows included entries from: JPMorgan Ultra-Short Income ETF (JPST), iShares Liquidity Income ETF (ICSH), SPDR Blackstone/GSO Senior Loan ETF (SRLN), First Trust Preferred Securities and Income Fund (FPE), and real estate entry, First Trust Low Duration Mortgage Opportunities ETF (LMBS).
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