US ETFs hit $8.12tn at the end of 2023, data shows

Assets invested in the ETFs industry in the United States reached a new milestone of US$8.12 trillion at the end of 2023, reported ETF research firm ETFGI.

This figure surpassed the previous record set in November 2023 at $7.65 trillion. The report, a part of ETFGI’s December 2023 US ETFs industry landscape insights, highlighted a remarkable surge in assets, marking a substantial 24.7% increase from $6.51 trillion recorded at the end of 2022.

December alone saw the ETFs industry in the US experiencing net inflows of $130.02 billion, contributing to an impressive annual net inflow of $603.98 billion for the entirety of 2023. This places 2023 as the third-highest year for net inflows, following the record-setting $919.79 billion in 2021 and the second-highest figure of $607.26 billion in 2022. 

Notably, this positive trend in net inflows has persisted for an impressive 20 consecutive months, underscoring the sustained attractiveness of ETFs to investors.

In December, ETFs saw net inflows of $130.02 billion. Equity ETFs led with $101.34 billion, bringing 2023 inflows to $307.55 billion, slightly exceeding 2022’s $305.72 billion. Fixed income ETFs reported December net inflows of $11.85 billion, resulting in a 2023 total of $163.78 billion, down from 2022’s $183.13 billion. Commodities ETFs/ETPs had $602 million net inflows in December, making total 2023 outflows $7.17 billion, slightly less than 2022’s $7.18 billion. Active ETFs attracted $16.40 billion in December, accumulating $138.54 billion in 2023, significantly higher than 2022’s $99.03 billion.

“The S&P 500 increased by 4.54% in December and was up 26.29% in 2023. The developed markets index, excluding the US, increased by 5.81% in December and was up 18.14% in 2023. 

Sweden  and Australia  saw the largest increases amongst the developed markets in December. The emerging markets index increased by 3.63% during December and was up 10.87% in 2023. Peru and Columbia saw the largest increases amongst emerging markets in December”, according to Deborah Fuhr, managing partner, founder and owner of ETFGI.

© 2024 funds europe

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