ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in US gained net inflows of US$35.54 billion during September, bringing year-to-date net inflows through the end of Q3 to US$299.86 billion which is significantly more than the US$196.54 billion net inflows gathered at the end of Q3 2019.  Assets invested in the US ETFs/ETPs industry have decreased by 2.5%, from US$4.85 trillion at the end of August, to US$4.73 trillion, according to ETFGI's September 2020 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

• During September 2020, ETFs and ETPs listed in US attracted $35.54 billion in net inflows with Equity products being the most attractive among all asset classes.
• Year-to-date through end of Q3 net inflows of $299.86 billion are much higher than the $196.54 billion gathered at the end of Q3 2019.
• Assets of $4.73 trillion invested in ETFs and ETPs listed in US at the end of September are the 2nd highest on record.

“The S&P 500 declined 3.8% in September, with concerns over back-to-school (and resulting COVID cases), U.S. elections and stimulus talks. Strong prior month gains boosted the index high to close up 8.9% for Q3.  Global equities declined 3.1% in September, as measured by the S&P Global BMI. Despite the monthly decline, the global benchmark managed to finish Q3 up 8.1% Q3 and up 0.7% YTD. Emerging markets, declined 2.2% in September but closed up 9.0% for Q3.”  According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

Growth in US ETF and ETP assets as of the end of September 2020

The US ETF/ETP industry had 2,371 ETFs and ETPs, assets of $4.73 trillion, from 165 providers listed on 3 exchanges at the end of Q3 2020.

During September 2020, ETFs/ETPs gathered net inflows of $35.54 billion. Equity ETFs/ETPs listed in US reported net inflows of $18.09 billion over September, bringing YTD net inflows for 2020 to $76.36 billion, more than the $74.85 billion in net inflows Equity products had attracted for the corresponding period to Q3 2019. Fixed income ETFs/ETPs listed in US reported net inflows of $10.11 billion over September, bringing YTD net inflows for 2020 to $130.39 billion, more than the $96.34 billion in net inflows Fixed income products had attracted for the corresponding period to Q3 2019.  Commodity ETFs/ETPs gathered $1.43 billion in September bring YTD inflows to $44.56 billion which is significantly more than he $9.43 billion gathered in Q3 2019. Active ETFs/ETPs gathered net inflows of $5.45 billion, bringing the YTD net inflows to $36.14 billion for 2020, which is higher than the $17.02 billion in net inflows for the corresponding period to September 2019.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $32.72 billion during September. The iShares Core S&P 500 ETF (IVV US) gathered 3.89 billion alone.

Top 20 ETFs by net new assets September 2020: US

The top 10 ETPs by net new assets collectively gathered $2.95 billion during September. The SPDR Gold Shares (GLD US) gathered $1.12 billion alone.

Top 10 ETPs by net new assets September 2020: US

 Investors have tended to invest in Equity ETFs/ETPs during September.