Economics, Info-Graphs

US-listed ETFs And ETPs Surge 34% In 2017 To Hit $3.42 Trillion AUM

ETFGI reports record-breaking 2017 for US-listed ETFs and ETPs with assets increasing 34.3% to reach a record US$3.42 trillion

LONDON — January 5, 2018 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in the United States increased by 34.3% during 2017 to reach a new high of US$3.42 Tn at the end of December.

[REITs]

According to ETFGI’s December 2017 US ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in US-listed ETFs/ETPs grew by a record US$874 Bn during 2017, over double the previous record of US$419 Bn set in 2016. The increase of 34.3%, from US$2.55 Tn at the end of 2016, also represents the greatest growth in assets since 2009 when markets recovered following the 2008 financial crisis.

US-listed ETFs And ETPs

This record was achieved on the eve of another milestone for the ETF industry: the 25th anniversary of the listing of the first ETF in the US, the venerable SPDR S&P 500 ETF (SPY US), on 22nd January 1993. At the end of 2017, SPY on its own accounted for assets of US$271 Bn.

During 2017 ETFs/ETPs listed in the US saw record net inflows of US$468 Bn; 68.0% more than net inflows for 2016, and over double the average for net inflows over the previous 5 years. December 2017 also marked the 23rd consecutive month of net inflows into US-listed ETFs/ETPs, with US$44.3 Bn gathered during the month.

The majority of these flows can be attributed to the top 20 ETFs by net new assets, which collectively gathered US$209 Bn during 2017. The iShares Core S&P 500 ETF (IVV US) on its own accounted for net inflows of US$30.2 Bn.

Top 20 ETFs by net new assets: US

NameTickerAssets
(US$ Mn)
Dec-17
ADV
(US$ Mn)
Dec-17
NNA
(US$ Mn)
2017
iShares Core S&P 500 ETFIVV US139,4961,007.230,195.48
iShares Core MSCI EAFE ETFIEFA US42,255245.620,881.46
Vanguard FTSE Developed Markets ETFVEA US68,411314.817,462.32
iShares Core MSCI Emerging Markets ETFIEMG US42,768402.716,589.23
Vanguard S&P 500 ETFVOO US83,676492.114,958.61
iShares iBoxx $ Investment Grade Corporate Bond ETFLQD US39,075661.211,483.56
iShares MSCI EAFE ETFEFA US84,5601,430.611,201.29
iShares Core U.S. Aggregate Bond ETFAGG US53,013289.210,843.83
Vanguard FTSE Emerging Markets ETFVWO US66,694436.49,265.53
Vanguard Total Stock Market ETFVTI US90,938292.68,337.21
Vanguard Intermediate-Term Corporate Bond ETFVCIT US18,62188.57,964.25
iShares Core S&P Small-Cap ETFIJR US36,017198.46,539.16
SPDR S&P 500 ETF TrustSPY US271,37920,740.76,210.60
Vanguard Short-Term Corporate Bond ETFVCSH US21,681137.35,843.18
Financial Select Sector SPDR FundXLF US32,7511,677.75,765.33
iShares MSCI Eurozone ETFEZU US15,363332.45,667.14
Vanguard Total Bond Market ETFBND US37,233161.45,401.07
Vanguard Value ETFVTV US36,532128.65,075.11
Vanguard FTSE Europe ETFVGK US18,403161.84,787.27
Vanguard FTSE All-World Ex-US Index FundVEU US22,26897.54,697.90

 

Similarly, the top 10 ETPs by net new assets collectively gathered US$7.80 Bn during 2017.

Top 10 ETPs by net new assets: US

NameTickerAssets
(US$ Mn)
Dec-17
ADV
(US$ Mn)
Dec-17
NNA
(US$ Mn)
2017
iShares Gold TrustIAU US10,14896.21,929
VelocityShares Daily 3x Long Natural Gas ETNUGAZ US1,000245.31,275
iPath S&P 500 VIX Short-Term Futures ETNVXX US932934.81,063
ProShares Ultra VIX Short-Term FuturesUVXY US394297.4883
SPDR Gold SharesGLD US34,899797.3756
VelocityShares Daily 2x VIX Short Term ETNTVIX US21791.1622
FI Enhanced Global High Yield ETNFIHD US1,1343.3357
United States Natural Gas Fund LPUNG US67879.8352
FI Large Cap Growth Enhanced ETNFLGE US1,7293.5292
iShares S&P GSCI Commodity-Indexed TrustGSG US1,3943.8277

US-listed Equity ETFs/ETPs saw net inflows of US$38.9 Bn in December, bringing net inflows for 2017 to US$336 Bn. Fixed income ETFs and ETPs experienced net inflows of US$5.07 Bn in December, growing net inflows for 2017 to US$111 Bn.

Please contact deborah.fuhr@etfgi.com if you would like to discuss the cost to subscribe to any of ETFGI’s  research or consulting services.