According to ETFGI’s December 2017 US ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in US-listed ETFs/ETPs grew by a record US$874 Bn during 2017, over double the previous record of US$419 Bn set in 2016. The increase of 34.3%, from US$2.55 Tn at the end of 2016, also represents the greatest growth in assets since 2009 when markets recovered following the 2008 financial crisis.
This record was achieved on the eve of another milestone for the ETF industry: the 25th anniversary of the listing of the first ETF in the US, the venerable SPDR S&P 500 ETF (SPY US), on 22nd January 1993. At the end of 2017, SPY on its own accounted for assets of US$271 Bn.
During 2017 ETFs/ETPs listed in the US saw record net inflows of US$468 Bn; 68.0% more than net inflows for 2016, and over double the average for net inflows over the previous 5 years. December 2017 also marked the 23rd consecutive month of net inflows into US-listed ETFs/ETPs, with US$44.3 Bn gathered during the month.
The majority of these flows can be attributed to the top 20 ETFs by net new assets, which collectively gathered US$209 Bn during 2017. The iShares Core S&P 500 ETF (IVV US) on its own accounted for net inflows of US$30.2 Bn.
Top 20 ETFs by net new assets: US
Similarly, the top 10 ETPs by net new assets collectively gathered US$7.80 Bn during 2017.
Top 10 ETPs by net new assets: US
US-listed Equity ETFs/ETPs saw net inflows of US$38.9 Bn in December, bringing net inflows for 2017 to US$336 Bn. Fixed income ETFs and ETPs experienced net inflows of US$5.07 Bn in December, growing net inflows for 2017 to US$111 Bn.
