US ETFs and ETPs gathered net inflows of USD7.81bn in March
ETFs and ETPs listed in US gathered net inflows of USD7.81 billion during March, bringing year-to-date net inflows to USD59.86 billion which is higher than the USD51.24 billion inflows gathered at this point last year.
Assets invested in the US ETFs/ETPs industry have decreased by 12.2 per cent, from USD4.18 trillion at the end of February, to USD3.67 trillion, according to ETFGI's March 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service.
“At the end of March, the S&P 500 was down 12.35 per cent as the pandemic (Covid-19) forced US government to take strict measures and set some form of lockdown around the states reinforcing the fear for deep recession and high unemployment," says Deborah Fuhr, managing partner, founder and owner of ETFGI. "Outside the US, the S&P Developed ex-US BMI plummeted nearly 14.29 per cent. The S&P Emerging BMI dove 16.97 per cent during the month and Global equities as measured by the S&P Global BMI plunged 14.32 per cent as well.”
At the end of March 2020, the US ETFs/ETPs industry had 2,315 ETFs/ETPs, from 160 providers listed on three exchanges.
ETFs/ETPs listed in the US gathered net inflows of USD7.81 billion during March. Equity ETFs/ETPs listed in US reported net inflows of USD15.60 billion during March, bringing YTD net inflows for 2020 to USD28.04 billion, greater than the USD16.14 billion in net inflows Equity products had attracted for the corresponding period to March 2019.
Commodity ETFs/ETPs listed in US attracted net inflows of USD5.31 billion during March, bringing YTD net inflows for 2020 to USD9.61 billion, much higher than the USD155 million in net inflows for the corresponding period in 2019. Fixed Income ETFs/ETPs reported outflows of USD13.53 billion, bringing the YTD net inflows to USD10.78 billion for 2020, which is lower than the USD30.72 billion in net inflows for the corresponding period to March 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD74.15 billion at the end of March, the SPDR S&P 500 ETF Trust (SPY US)gathered USD13.10 billion alone.
The top 10 ETPs by net new assets collectively gathered USD7.98 billion at the end of March.
The United States Oil Fund LP (USO US) gathered USD2.14 billion alone.
Investors have tended to invest in Equity and Commodity ETFs at the end of March.