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

Name Ticker Assets
(US$ Mn)
Dec-17
ADV
(US$ Mn)
Dec-17
NNA
(US$ Mn)
2017
iShares Core S&P 500 ETF IVV US 139,496 1,007.2 30,195.48
iShares Core MSCI EAFE ETF IEFA US 42,255 245.6 20,881.46
Vanguard FTSE Developed Markets ETF VEA US 68,411 314.8 17,462.32
iShares Core MSCI Emerging Markets ETF IEMG US 42,768 402.7 16,589.23
Vanguard S&P 500 ETF VOO US 83,676 492.1 14,958.61
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD US 39,075 661.2 11,483.56
iShares MSCI EAFE ETF EFA US 84,560 1,430.6 11,201.29
iShares Core U.S. Aggregate Bond ETF AGG US 53,013 289.2 10,843.83
Vanguard FTSE Emerging Markets ETF VWO US 66,694 436.4 9,265.53
Vanguard Total Stock Market ETF VTI US 90,938 292.6 8,337.21
Vanguard Intermediate-Term Corporate Bond ETF VCIT US 18,621 88.5 7,964.25
iShares Core S&P Small-Cap ETF IJR US 36,017 198.4 6,539.16
SPDR S&P 500 ETF Trust SPY US 271,379 20,740.7 6,210.60
Vanguard Short-Term Corporate Bond ETF VCSH US 21,681 137.3 5,843.18
Financial Select Sector SPDR Fund XLF US 32,751 1,677.7 5,765.33
iShares MSCI Eurozone ETF EZU US 15,363 332.4 5,667.14
Vanguard Total Bond Market ETF BND US 37,233 161.4 5,401.07
Vanguard Value ETF VTV US 36,532 128.6 5,075.11
Vanguard FTSE Europe ETF VGK US 18,403 161.8 4,787.27
Vanguard FTSE All-World Ex-US Index Fund VEU US 22,268 97.5 4,697.90

 

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

Name Ticker Assets
(US$ Mn)
Dec-17
ADV
(US$ Mn)
Dec-17
NNA
(US$ Mn)
2017
iShares Gold Trust IAU US 10,148 96.2 1,929
VelocityShares Daily 3x Long Natural Gas ETN UGAZ US 1,000 245.3 1,275
iPath S&P 500 VIX Short-Term Futures ETN VXX US 932 934.8 1,063
ProShares Ultra VIX Short-Term Futures UVXY US 394 297.4 883
SPDR Gold Shares GLD US 34,899 797.3 756
VelocityShares Daily 2x VIX Short Term ETN TVIX US 217 91.1 622
FI Enhanced Global High Yield ETN FIHD US 1,134 3.3 357
United States Natural Gas Fund LP UNG US 678 79.8 352
FI Large Cap Growth Enhanced ETN FLGE US 1,729 3.5 292
iShares S&P GSCI Commodity-Indexed Trust GSG US 1,394 3.8 277

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.