ETFGI reports that assets in ETFs/ETPs listed globally are again over the 6 trillion US dollar milestone at the end of May 2020
Q1 2020 hedge fund letters, conferences and more
LONDON —June 16, 2020 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that assets invested in the global ETFs/ETPs industry have increased by 4.7%, from US$5.84 trillion at the end of April 2020, to US$6.10 trillion at the end of May. ETFs and ETPs listed globally gathered net inflows of US$48 billion during May, bringing year-to-date net inflows to US$225.41 billion which is significantly higher than the US$140.54 billion gathered at this point last year, according to ETFGI’s May 2020 Global ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
- Assets break through $6 trillion milestone again to $6.11 trillion at the end of May the 4th highest on record.
- ETFs and ETPs listed globally gathered net inflows of $48 billion during May
- Year-to-date net inflows of $225.41 billion are the 2ndhighest behind only 2017 when $284.02 billion was gathered at this point
- During May Fixed Income ETFs/ETPs gathered the highest net inflows of $31.26 billion.
“The S&P 500 gained 4.8% in May and remains only 5.0% down from its level at the beginning of the year, as markets anticipated relief from a COVID-19-driven economic slowdown. Developed markets outside the U.S. were also up 4.8% for the month with Sweden (up 9.9%) and Germany (up 9.2%) the top performers, while Hong Kong (down 7.7%), was the only market to be down for the month due to recent political turmoil. Emerging markets lagged during the month, gaining 1.3% as the economic impact of virus shutdowns remains somewhat more uncertain compared to developed regions.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Global ETF and ETP assets as of the end of May 2020
At the end of May 2020, the Global ETF/ETP industry had 8,073 ETFs/ETPs, with 16,136 listings, assets of US$6.11 trillion, from 453 providers on 71 exchanges in 58 countries.
During May 2020, ETFs/ETPs gathered net inflows of $48.02 billion. Fixed income ETFs/ETPs listed globally gathered net inflows of $31.26 billion during May, bringing net inflows for 2020 to $66.89 billion, lower than the $79.37 billion in net inflows fixed income products had attracted at this point in 2019. Commodity ETFs/ETPs reported $10.09 billion in net inflows bringing net inflows for 2020 to $48.66 billion, which is much greater than the $2.06 billion in net outflows reported at this point in 2019. Equity ETFs/ETPs listed globally reported net outflows of $181 million during May, bringing net inflows for 2020 to $67.86 billion, which is more than the $51.0 billion in net inflows equity products had attracted at this point in 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $35.20 billion at the end of May, the iShares iBoxx $ High Yield Corporate Bond ETF gathered $4.32 billion alone.
Top 20 ETFs by net new inflows May 2020: Global
| Name | Ticker | Assets (US$ Mn) May-20 |
NNA (US$ Mn) YTD-20 |
NNA (US$ Mn) May-20 |
|
| iShares iBoxx $ High Yield Corporate Bond ETF | HYG US | 24,626.97 | 6,305.42 | 4,324.51 | |
| TOPIX Exchange Traded Fund | 1306 JP | 108,781.07 | 14,049.90 | 3,745.53 | |
| Invesco QQQ Trust | QQQ US | 109,486.97 | 12,635.47 | 3,675.38 | |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | LQD US | 49,711.38 | 12,216.66 | 2,742.83 | |
| Vanguard Total Bond Market ETF | BND US | 53,652.58 | 2,960.15 | 2,119.56 | |
| Daiwa ETF TOPIX | 1305 JP | 51,498.96 | 6,958.33 | 1,773.52 | |
| Vanguard Short-Term Corporate Bond ETF | VCSH US | 26,327.06 | 392.39 | 1,711.98 | |
| iShares Core U.S. Aggregate Bond ETF | AGG US | 72,995.18 | 651.27 | 1,658.17 | |
| Listed Index Fund TOPIX | 1308 JP | 49,563.92 | 7,220.73 | 1,504.12 | |
| Health Care Select Sector SPDR Fund | XLV US | 26,821.32 | 6,100.64 | 1,464.73 | |
| Vanguard Information Technology ETF | VGT US | 30,073.40 | 2,774.59 | 1,345.02 | |
| Vanguard Intermediate-Term Corporate Bond ETF | VCIT US | 29,541.90 | 3,368.31 | 1,299.46 | |
| JPMorgan Ultra-Short Income ETF | JPST US | 11,378.32 | 1,144.41 | 1,273.22 | |
| Communication Services Select Sector SPDR Fund | XLC US | 9,424.87 | 2,400.70 | 1,077.72 | |
| SPDR Bloomberg Barclays High Yield Bond ETF | JNK US | 11,606.90 | 366.48 | 997.61 | |
| iShares Short-Term Corporate Bond ETF | IGSB US | 16,741.24 | 3,426.40 | 974.06 | |
| iShares National Muni Bond ETF | MUB US | 16,386.38 | 977.94 | 961.77 | |
| SPDR Portfolio Intermediate Term Corporate Bond ETF | SPIB US | 6,311.99 | 1,235.11 | 897.28 | |
| VanEck Vectors Gold Miners ETF | GDX US | 14,662.77 | 71.52 | 864.94 | |
| Vanguard Short-Term Bond ETF | BSV US | 23,439.54 | 272.99 | 785.28 |
The top 10 ETPs by net new assets collectively gathered $10.25 billion in May. The SPDR Gold Shares – Acc (GLD US) gathered $3.69 billion alone.
Top 10 ETPs by net new inflows April 2020: Global
| Name | Ticker | Assets (US$ Mn) May-20 |
NNA (US$ Mn) YTD 2020 |
NNA (US$ Mn) May-20 |
| SPDR Gold Shares – Acc | GLD US | 61,379.93 | 12,481.74 | 3,688.49 |
| SG ETC WTI Oil +2x Daily Leveraged Collateralized – Acc | OIL2L IM | 2,481.03 | 1,537.20 | 1,537.20 |
| iShares Physical Gold ETC – Acc | SGLN LN | 12,573.53 | 4,398.15 | 1,306.95 |
| iShares Gold Trust – Acc | IAU US | 24,542.10 | 4,434.98 | 1,084.72 |
| iShares Silver Trust – Acc | SLV US | 8,144.19 | 1,545.94 | 847.09 |
| NEXT NOTES Nikkei TOCOM Leveraged Crude Oil ETN – Acc | 2038 JP | 1,305.27 | 1,282.41 | 392.40 |
| Invesco Physical Gold ETC – Acc | SGLD LN | 11,419.79 | 3,183.21 | 384.26 |
| VelocityShares Daily 3x Long Natural Gas ETN – Acc | UGAZ US | 560.90 | 459.27 | 382.98 |
| WisdomTree WTI Crude Oil – Acc | CRUD LN | 2,612.96 | 2,100.93 | 352.32 |
| Xtrackers Physical Gold ETC (EUR) – Acc | XAD5 GY | 3,873.40 | 114.67 | 275.90 |
Investors have tended to invest in Fixed Income and commodities ETFs/ETPs at the end of May.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
