The global business of the so-called listed investment funds or ETFs (Exchange Traded Fund) maintains the booming trend that the market is experiencing globally, and according to estimates by the main consulting firm of this financial industry, the British ETFGI, the assets invested in Actively managed ETFs listed around the world reached a new record of $1.05 trillion in the third quarter of the year.
It is worth noting that this is approximately equivalent to two GDP of Argentina. According to the consulting firm, actively managed ETFs obtained net inflows of US$26.85 billion during Septemberwhich raised year-to-date net income, to a record of US$240,140 million, according to the proprietary Active ETF and ETP Industry Landscape Outlook Report.
“In the United States, where actively managed ETFs can use semi-transparent or non-transparent models, we see that only 52 of the 1,659 actively managed ETFs use a semi-transparent or non-transparent model and they represent only $14 billion of the $791 billion. 000 million dollars in these strategies”, ETFGI points out.
According to the report, Invested assets have increased 42.5% year-to-date in 2024, going from US$737,060 million at the end of 2023 to US$1.05 trillion at the beginning of last October. In relation to the net inflows, which after three quarters total US$240.14 billion, they are the highest recorded, followed by the net inflows of 2023 of US$113.8 billion and the third highest record of US$ s106.9 billion in 2021. Furthermore, with what was seen last September, this is the 54th month of consecutive net inflows.
The CEO of the consulting firm, Deborah Fuhr, recalls that, last September, The S&P 500 index increased by 2.14% and accumulated 22.08% in the three quarters of 2024, the index of developed markets, excluding the US, increased by 1.26% and 12.53% in so far in 2024, highlighting Hong Kong and Singaporer with the largest increases among developed markets in September, with 16.51% and 7.43% respectively. In addition, the emerging markets index increased 7.72% during September and rises 19.45% in 2024 while China with a rise of 23.89% and Thailand of 12.43% registered the largest increases among emerging markets in September.
Other ETF Industry Data
At the end of September, The active global ETF/ETP industry had 2,962 ETFs/ETPs, with 3,679 listings and assets of $1.05 trillion, from 485 providers on 37 exchanges in 29 countries.
Actively managed equity-focused ETFs listed globally saw net inflows of $15.49 billion during September, which raises net inflows to date to US$139 billion, exceeding the US$76.15 billion of net inflows in 2023.
While globally listed fixed income-focused actively managed ETFs attracted net inflows of $10.19 billion during September, bringing year-to-date net inflows to $86.36 billion, also well above 2023 net inflows of $36.2 billion.
The substantial inflows can be attributed to the top 20 active ETFs by net new assets, which together raised $12.75 billion during September, with the Blackrock Flexible Income ETF (BINC US) standing out, which raised $1.58 billion, the largest individual net income.
On the other hand, from 2020 to 2024, the global ETF industry has seen a significant increase in the number of new launches, which increased from 787 to 1,426.
In 2024, the United States and Asia Pacific (except Japan) have been the countries with the highest launches while Latin America has been the country with the fewest launches (12). Thus, the United States, Asia Pacific (excluding Japan), Canada and Japan recorded the peak of launches in 2024 with 529, 441, 153 and 34 respectively, while Europe achieved its highest number of launches in 2022 with 324, Latin America recorded 29 in 2021, and the Middle East and Africa reached 70 in 2021.
Source: Ambito
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