Record USD318bn invested in active ETFs at end of February, reports ETFGI
Assets invested in actively managed ETFs and ETPs finished the month up 4.9 per cent, going from USD303 billion at the end of January to a record USD318 billion, according to ETFGI, a research and consultancy firm covering trends in global ETFs and ETPs.
ETGI’s February 2021 Active ETF and ETP industry landscape insights report also showed Active ETFs and ETPs gathered net inflows of USD16.9 billion in February, bringing year-to-date net inflows to a record USD33.8 billion.
“Despite a sell-off in the last week of the month, the S&P 500 gained of 2.76 per cent in February, driven by optimism on Covid-19 vaccines, as well as continued monetary and fiscal stimulus. Developed markets like the US ended the month up 2.50 per cent while emerging markets were up by 1.50 per cent for the month. The leaders of the developed market in February were Hong Kong (6.03 per cent), Canada (5.66 per cent) and Spain (5.32 per cent),” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Equity focused Active ETFs/ETPs listed globally attracted net inflows of USD10.47 billion during February, bringing YTD net inflows to USD20.16 billion, which is much greater than the USD2.84 billion in net inflows gathered YTD in 2020. Fixed Income focused Active ETFs/ETPs listed globally gathered net inflows of USD5.25 billion in February, bringing YTD net inflows to USD11.46 billion, more than the USD9.03 billion in YTD net inflows attracted in 2020.
Substantial inflows can be attributed to the top 20 active ETFs/ETPs by net new assets, which collectively gathered USD12.74 billion during February. Ark Innovation ETF (ARKK US) gathered USD2.37 billion.