MutualFundWire.com: U.S. ETP Inflows Fall By $73B

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Wednesday, September 18, 2024

U.S. ETP Inflows Fall By $73B

The exchange-traded side of the asset management industry reached new AUM and product launch heights last month, though net inflows slowed substantially month-over-month, according to the latest data from the folks at an ETF-focused research firm.

Deborah "Debbie" Fuhr
ETFGI / ETF TV
Managing Partner, Founder, Owner / Co-Founder

On Monday, Debbie Fuhr, managing partner of ETFGI, revealed that the U.S. ETF (and ETP) industry brought in a record $643.52 billion in net inflows in the first eight months of 2024, while also accounting for 60.1 percent of worldwide YTD inflows of $1.07 trillion, also a new industry record. Those findings are part of ETFGI's "August 2024 US ETFs industry landscape insights" report and ETFGI's August 2024 "global ETFs industry landscape insights" report.

ETF industry AUM continued to reach new heights last month. U.S. ETFs held a record $9.74 trillion on August 31, 2024, up 2.6 percent ($250 billion) from July 31. As of August 31, U.S. ETFs accounted for 69.6 percent of worldwide ETF AUM of $13.99 trillion (also a new record, up by 2.8 percent M/M).

In August 2024, U.S. ETFs brought in $66.31 billion in net inflows, down by $73.11 billon (52.4 percent) M/M. August U.S. ETF inflows accounted for 51 percent of worldwide ETF inflows of $130.06 billion (which were down by $86.58 billion, i.e. 40 percent, M/M). It was the 28th consecutive month (i.e. two years and four months) of inflows for U.S. ETFs, while the worldwide ETF inflows streak reached 63 months (five years and three months).

In the first eight months (i.e. January 1 through August 31) of 2024, 403 new ETFs and ETPs launched in the U.S., the ETFGI team revealed on Monday. That's up by 40 M/M from July 31.

Meanwhile, 115 U.S. ETFs and ETPs closed in the first eight months this year. Thus, the U.S. ETP industry's product lineup has net increased by 288 so far in 2024, up by 29 M/M.

Worldwide, 1,192 new ETFs and ETPs launched in the first eight months of 2024, while 347 closed. That translates into a YTD product lineup net increase worldwide of 845 ETFs and ETPs, up M/M by 96.

Those 1,192 launches came from 299 providers (while 117 providers closed funds). That translates into an average of about 4 new ETFs and ETPs per launching firm.

Printed from: MFWire.com/story.asp?s=67921

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