US ETF and ETP assets reach record USD4.44tn at the end of January 2020
ETFs and ETPs listed in US gathered net inflows of USD41.90 billion at the end of January, which is higher than the USD1.62 billion outflows gathered at this point last year.
Assets invested in the US ETFs/ETPs industry have increased by 0.4 per cent, from USD4.42 trillion at the end of December, to USD4.44 trillion, according to ETFGI'USDs January 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service.
“During January the S&P 500 lost 0.04 per cent as markets were affected by the coronavirus (COVID-19) outbreak and offset any optimism on the trade talks with China. Global equities as measured by the S&P Global BMI were also down 1.33 per cent and the S&P Emerging BMI plummeted 4.3 per cent as well,” according to Deborah Fuhr, managing partner, founder and owner of ETFGI.
The ETFs and ETPs industry in the US had 2,366 ETFs/ETPs, from 158 providers on 3 exchanges at the end of January 2020.
At the end of January 2020, ETFs/ETPs in the US gathered net inflows of USD41.90billion. Equity ETFs/ETPs listed in US gathered net inflows of USD19.94 billion at the end of January, much greater than the USD18.55 billion in net outflows Equity products suffered in January 2019. Fixed Income ETFs/ETPs listed in US attracted net inflows of USD13.60 billion at the end of January, lower than the USD14.69 billion in net inflows in January 2019. Commodity ETFs/ETPs reported inflows of USD1.88 billion, which is lower than the USD2.08 billion in net inflows in January 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD32.37 billion at the end of January, the iShares Core MSCI EAFE ETF (IEFA US) gathered USD2.59 billion alone.
The top 10 ETPs by net new assets collectively gathered USD2.59 billion at the end of January. The iShares Gold Trust (IAU US) gathered USD597.49 million alone.