Actively managed ETFs and ETPs listed globally gathered net inflows of USD628 million during December, according to ETFGI’s December 2018 Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service.
Total assets invested in the global actively managed ETF and ETP industry fell 2.39 per cent by the end of the month, from USD109 billion at the end of November, to USD107 billion.
“The end of 2018 saw the trend in developed markets reverse, and although arguably predictable, the severity left many pundits scratching their heads. This end of year stress has widely been attributed to the disruption caused by trade disputes feeding into economic data, and the view policy makers are not going to be quite as accommodating as initially expected. The S&P 500 returned -9.03 per cent during December, and down -4.38 per cent for 2018. Developed markets ex-US fell -4.62 per cent during December, led by Japan and Canada, bringing the yearly return to -13.21 per cent. Relatively speaking, EM and FM fared the month better, returning -2.68 per cent and -3.15 per cent, finishing 2018 -13.53 per cent and -11.82 per cent, respectively,” says Deborah Fuhr, managing partner and founder of ETFGI.
At the end of December 2018, the actively managed ETF/ETP industry had 621 ETFs/ETPs, with 800 listings, assets of USD107 billion, from 128 providers listed on 20 exchanges. Following net inflows of USD628 Mn and market moves during the month, assets invested in actively managed ETFs/ETPs listed globally decreased by 2.39 per cent, from USD109.40 billion at the end of November, to USD106.79 billion.
Equity focussed actively managed ETFs/ETPs listed globally saw net outflows of USD180m in December, bringing net inflows for 2018 to USD6.18 billion, less than the USD7.18 billion in net inflows at this point last year. Fixed income focused, actively managed ETFs and ETPs listed globally saw net inflows of USD757 billion, growing net inflows for 2018 to USD25.19 billion, greater than the USD17.15 billion in net inflows at this point last year.
Substantial inflows during December can be attributed to the top 20 actively managed ETFs/ETPs by net new assets, which collectively gathered USD2.91 billion. The JPMorgan Ultra-Short Income ETF (JPST US) continued to attract the largest monthly inflows, holding its place at the top of the leader board for the 3rd consecutive month, gathering USD719 million in December alone.