This week’s newsletter brings you all the numbers, with ETF inflows figures soaring across the board. Elisabeth Kashner from FactSet published her annual report on US ETFs for 2020 and observed that the year brought many types of new highs to the ETF market: record inflows, largest-ever interest in fixed income, and massive gains for commodities – especially gold. Looking forward, she notes a preference for cheaper funds and expects that to continue, observing that ‘the most precipitous price drops came in actively-managed funds.’
Other inflows reports come from the World Gold Council, which revealed gold ETFs had taken off again in January 2021, with USD1 billion in inflows; TrackInsight revealing ESG and active style dominated growth and Lyxor, which reported a bumper year for active equity ETFs across Europe.
We also took the moment to examine, with Ben Slavin from BNY Mellon, what impact the recent bout of day trader enthusiasm for GameStop and silver had had on ETPs. “From an ETF perspective it has been quite remarkable, but the macro headline is that in the markets where we have seen this volatility, ETFs have once again proved to be resilient including the ETFs who hold these stocks or the ETCs that hold silver,” Slavin says.
Canada featured again this week with an interview with Prerna Chandek, VP, ETF Product & Strategy, at Mackenzie Investments, who details her firm’s growth in ETFs and the domestic Canadian investor appetite for the products.
Finally, Amplify achieved something that we all just dream of doing – their Black Swan ETF went international. We have an interview with Amplify’s Christian Magoon.
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Beverly Chandler
Managing Editor, ETF Express
Companies in this issue
AdvisorShares
Agio Funds
Amplify ETFs
BNY Mellon
Claret Capital Partners
FactSet
Gabelli Funds
Global X
Hashdex
LGIM
Lyxor
Mackenzie Investments
TrackInsight
World Gold Council