Active ETFs continue to attract record inflows

active_etfsAssets invested in active ETFs and ETPs reached record levels in Q3, according to research from ETFGI.

A total of $8.24 billion (€7 billion) in net inflows was gathered globally during September, an increase of 10.5% bringing the total amount of assets invested so far this year to $51.48 billion.

By comparison, just over half that amount was raised in September 2019 ($29.41 billion). The figures for Q3 also surpass the $42.10 billion that was amassed in the whole of 2019.

Furthermore, the record inflows came at a time when global equities declined 3.1% in September, as measured by the S&P Global BMI, said Deborah Fuhr, ETFGI managing partner. “Despite the monthly decline, the global benchmark managed to finish Q3 up 8.1% Q3 and up 0.7% YTD,” she said. 

The global active ETF and ETP market had a total of 956 funds with 1,199 listings from 181 providers listed on 25 exchanges in 18 countries. 

Yet, despite the growing number and global range of the funds, the figures are still somewhat skewed by the dominance of the top 20 ETFs and ETPs by net new assets which collectively account for $6.83 billion in September. The China-based Hwabao WP Cash Tianyi Listed Money Market Fund alone gathered $2.27 billion.

In contrast, European-listed ETFs and ETPs have gathered $69.50 billion to date, as of the end of September, which is less than the $75.37 billion in inflows for the same period in 2019.

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