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US listed ETFs suffer second consecutive month of outflows

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ETF data provider ETFGI reports that US-listed ETFs and ETPs suffered USD2.96 billion in net outflows during March 2018, the second consecutive monthly outflows in 2018 and the largest monthly amount since February 2018, when net outflows were USD10.60 billion.

Year-to-date net inflows reached USD65.22 billion at the end of March, says ETFGI, which is significantly less than the USD133.62 billion compared to this point last year.
 
US-listed ETFs/ETPs suffered USD2.96 billion in net outflows during March 2018, the largest since February 2018, which saw USD10.60 billion in net outflows. March 2018 marked the second consecutive month of net outflows into ETFs/ETPs listed in the US. Due to market moves assets invested in ETFs/ETPs listed in the US decreased by 1.58 per cent, or USD55.28 billion, during March, to USD3.441 trillion, the firm says. 
 
Assets invested in ETFs/ETPs listed in the US decreased by USD55.28 billion during March 2018. The decrease of 1.58 per cent, from USD3.496 trillion at the end of February 2018 to USD3.441 trillion at the end of March also represents the worst monthly growth in assets since February 2018, which saw a monthly decrease of 3.99 per cent from USD3.642 trillion to USD3.496 trillion.
 
At the end of March 2018, the US ETF industry had 1,873 ETFs, assets of USD3.349 trillion, from 119 providers on three exchanges. At the end of March 2018, the US ETF/ETP industry had 2,180 ETFs/ETPs, assets of USD3.441 trillion, from 138 providers on three exchanges.
 
March 2018 marked the second consecutive month of net outflows from ETFs/ETPs listed in the US, which saw USD2.96 billion in net outflows. At this point last year, year-to-date net inflows were 51.19 per cent higher, with USD133.62 billion gathered during the first three months of 2017.
 
The majority of these flows can be attributed to the top 20 ETFs by net outflows, which collectively have suffered USD51.78 billion during 2018. The SPDR S&P 500 ETF Trust (SPY US) on its own accounted for net outflows of USD14.50 billion.
 
Similarly, the top 10 ETPs by net outflows have collectively experienced USD5.07 billion during 2018, ETFGI says.
 
Equity ETFs/ETPs listed in the US suffered net outflows of USD8.33 billion during March, bringing net inflows for 2018 to USD43.58 billion, which is less than the USD96.39 billion in net inflows at this point last year. Fixed income ETFs and ETPs gathered net inflows of USD4.05 billion, growing net inflows for 2018 to USD12.62 billion, which is less than the USD32.32 billion in net inflows at this point last year.
 
During March investors chose to move from US Equity ETFs to Fixed Income and Commodities products, ETFGI says.

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