Active ETF and ETP assets reached new record high of USD228.41bn at the end of Q3 2020
Active ETFs and ETPs gathered net inflows of USD8.24 billion during September, bringing year-to-date net inflows to a record USD51.48 billion which is significantly more than the USD29.41 billion gathered through Q3 2019 as well as the USD42.10 billion gathered in all of 2019.
Assets invested in Active ETFs and ETPs increased 10.5 per cent during September, reaching a new record of USD228.41 billion, according to ETFGI's September 2020 Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
“The S&P 500 declined 3.8 per cent in September, with concerns over back-to-school (and resulting COVID cases), US elections and stimulus talks," says Deborah Fuhr, managing partner, founder and owner of ETFGI. "Strong prior month gains boosted the index higher to close up 8.9 per cent for Q3. Global equities declined 3.1 per cent in September, as measured by the S&P Global BMI. Despite the monthly decline, the global benchmark managed to finish Q3 up 8.1 per cent Q3 and up 0.7 per cent YTD. Emerging markets, declined 2.2 per cent in September but closed up 9.0 per cent for Q3.”
At the end of Q3, the Global active ETF/ETP industry had 956 ETFs/ETPs, with 1,199 listings, assets of USD228 billion, from 181 providers listed on 25 exchanges in 18 countries.
In September, Active ETFs and ETPs gathered net inflows of USD8.24 billion. YTD through end of Q3, ETFs/ETPs saw net inflows of USD51.47 billion. Fixed Income focused Active ETFs/ETPs listed globally gathered net inflows of USD5.25 billion during September, bringing net inflows through Q3 to USD30.81 billion, more than the USD22.74 billion in net inflows Fixed Income products had attracted through Q3 2019. Equity focused Active ETFs/ETPs listed globally attracted net inflows of USD1.73 billion during September, bringing net inflows for the year through Q3 2020 to USD16.39 billion, greater than the USD5.89 billion in net inflows equity products had attracted for the year to Q3 2019.
Substantial inflows can be attributed to the top 20 ETFs/ETPs by net new assets, which collectively gathered USD6.83 billion during September. Hwabao WP Cash Tianyi Listed Money Market Fund (511990 CH) gathered USD2.27 billion alone.