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US ETF and ETP assets hit USD3.59 trillion at the end of November 2018

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Assets invested in ETFs and ETPs listed in the United States reached USD3.59 trillion at the end of November 2018, an increase of 2.6 per cent from USD3.50 trillion at the end of October.

“While trade talks continue to make noise in the headlines, the very real prospect of slowing global growth appears to be filtering into market sentiment. A seemingly more reposed approach to monetary policy along with the China-US trade truce provided enough of a tailwind to lift US markets to finish in the green by the end of November, with the S&P 500 gaining 2.04 per cent over the month bringing the year-to-date gain to 5.11 per cent. Apart from the Eurozone, where various domestic issues continue to dominate, most developed markets closed the month with marginal gains. The S&P developed ex-US BMI was up 0.17 per cent in November with year-to-date declines of 9.66 per cent. EM and FM bounced back from the October fall, finishing up 4.61 per cent and 1.94 per cent respectively, softening year-to-date declines to 11.2 per cent and 9.0 per cent,” says Deborah Fuhr, managing partner and a founder of ETFGI.
 
According to ETFGI’s November 2018 US ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in the United States regained some of the ground lost during October, when assets fell from a record high of USD3.73 trillion at the end of September. Year-to-date, assets have increased by 4.9 per cent, from USD3.42 trillion at the end of 2017. At the end of November, the US ETF/ETP industry had 2,227 ETFs/ETPs, from 147 providers on three exchanges.
 
In November 2018, ETFs/ETPs listed in the US saw net inflows of USD44.0 Bn. Equity products gathered the largest net inflows with USD29.2 billion, while leveraged inverse ETFs/ETPs experienced the largest net outflows with USD9 million. Year-to-date through end of November, ETFs/ETPs have seen net inflows of USD263 billion. Equity products gathered the largest net inflows with USD173 billion, while commodity ETFs/ETPs experienced the largest net outflows with USD2.84 billion. During November, the top 20 ETFs collectively gathered USD27.9 billion in net new assets.

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