Actively managed ETFs and ETPs listed globally gathered net inflows of USD3.64 billion during November with total assets invested in the sector rising 3.11 per cent to a new record high of USD109.39 billion.
That’s according to ETFGI’s November 2018 Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service.
“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 Frontier markets bounced back from the October fall, finishing up 4.61 per cent and 1.94 per cent respectively, softening year-to-date declines to 11.15 per cent and 8.95 per cent,” says Deborah Fuhr, managing partner and a founder of ETFGI.
At the end of November 2018, the actively managed ETF/ETP industry had 611 ETFs/ETPs, with 773 listings, assets of USD109 billion, from 127 providers listed on 20 exchanges. Following net inflows of USD3.64 billion and market moves during the month, assets invested in actively managed ETFs/ETPs listed globally increased by 3.11 per cent, from USD106.09 billion at the end of October 2018, to USD109.39 billion.
Equity focused actively managed ETFs/ETPs listed globally attracted net inflows of USD276 Mn in November, growing net inflows for 2018 to USD6.31 billion, slightly less than the USD6.37 billion in net inflows at this point last year. Fixed Income focused, actively managed ETFs and ETPs listed globally saw net inflows of USD3.63 billion, bringing net inflows for 2018 to USD24.43 billion, greater than the USD16.91 billion in net inflows at this point last year.
Substantial inflows during November can be attributed to the top 20 actively managed ETFs/ETPs by net new assets, which collectively gathered USD4.51 billion. The JPMorgan Ultra-Short Income ETF
(JPST US) held its place in the lead for monthly net new assets, after gathering USD928 million in October, the fund gathered USD1.10 billion in November.