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US ETF and ETP assets reach a record USD4.61 trillion at the end of July

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Assets invested in ETFs and ETPs listed in the US reached a record USD4.61 trillion at the end of July. Net inflows totalled USD37.19 billion during the month, bringing year-to-date net inflows to USD226.27 billion which is much higher than the USD150.54 billion net inflows gathered at this point last year. Assets invested in the US ETFs/ETPs industry have increased by 6.2 per cent, from USD4.34 trillion at the end of June, to USD4.61 trillion, according to ETFGI’s July 2020 US ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service.

“The S&P 500 gained 5.6 per cent in July, aided by the US Federal Reserve stimulus and strong earnings,” says Deborah Fuhr, managing partner, founder and owner of ETFGI. “International markets also gained, with Developed Ex-US and Emerging up 3.0 per cent and 8.5 per cent, respectively. In the developed markets Scandinavian countries benefited most, led by Norway (up 10.8 per cent) and Sweden (up 10.1 per cent); while Japan (down 2.0 per cent) was the sole negative performer among developed countries. Dollar weakness contributed toward the positive momentum in Emerging markets where 19 of 25 countries gained, led by Brazil (up 14.4 per cent) and Pakistan (up 13.4 per cent), while Taiwan (up 12.1 per cent) neared an all-time high.” 

At the end of July 2020, the US ETF/ETP industry had 2,369 ETFs/ETPs, assets of USD4,606 trillion, from 160 providers on three exchanges.

During July 2020, ETFs/ETPs gathered net inflows of USD37.18 billion. Fixed income ETFs/ETPs listed in US reported net inflows of USD24.30 billion during July, bringing YTD net inflows for 2020 to USD107.86 billion, more than the USD73.10 billion in net inflows during the corresponding period in 2019. Commodities ETFs/ETPs listed in US attracted net inflows of USD7.69 billion during July, bringing YTD net inflows for 2020 to USD40.10 billion, much higher than the USD2.49 billion in net inflows in 2019. Equity ETFs/ETPs saw net inflows of USD906 Mn in July, bringing year to date net inflows to USD40.83 billion, which is less than the net inflows of USD65.60 billion over the same period last year. Active ETFs/ETPs gathered net inflows of USD5.30 billion, bringing the YTD net inflows to USD24.96 billion for 2020, which is higher than the USD10.2 billion in net inflows for the corresponding period in 2019.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD25.92 billion during July. The iShares Core US Aggregate Bond ETF gathered 3.49 billion alone.

The top 10 ETPs by net new assets collectively gathered USD9.17 billion during July. The SPDR Gold Shares – Acc *GLD US) gathered USD3.75 billion alone.

Investors have tended to invest in Fixed Income ETFs/ETPs during July.

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