MutualFundWire.com: ETF Inflows More Than Double, Reaching $741B

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Thursday, October 17, 2024

ETF Inflows More Than Double, Reaching $741B

The exchange-traded side of the asset management industry reached new AM heights last month and net inflows accelerated, according to the latest data from the folks at a ETF-focused research firm.

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

Yesterday (Wednesday, October 16), Debbie Fuhr, managing partner at ETFGI, revealed that the U.S. ETF and ETP industry brought in a record $740.81 billion in net inflows in the first nine months of 2024, accounting for 59.7 percent of worldwide YTD ETF and ETP inflows of $1.24 trillion, also a new industry record. (Those findings are part of ETFGI's "September 2024 US ETFs industry landscape insights" report and ETFGI's September 2024 "global ETFs industry landscape insights" report.) YTD flows (in the U.S. and worldwide) are more than double where they were this time last year.

ETF industry AUM continued to reach new heights last month. U.S. ETFs held a record $10 trillion on September 30, 2024, up 2.7 percent ($260 billion) month-over-month from August 31 and up 39.7 percent ($2.84 trillion) year-over-year from September 30, 2023. As of September 30, 2024, U.S. ETFs accounted for 69.2 percent of worldwide ETF AUM of $14.46 trillion (also a new record, up 3.4% M/M and up 40.3 percent Y/Y).

In September 2024, U.S. ETFs brought in $97.29 billion in net inflows, up by $30.98 billion (46.7 percent) M/M and up by $58.04 billion (147.9 percent) Y/Y. September 2024 U.S. ETF inflows accounted for 59.1 percent of worldwide ETF inflows of $164.74 billion (up by 26.7 percent M/M and up by 143.3 percent Y/Y). It was the 29th consecutive month (i.e. two years and five months) of inflows for U.S. ETFs, while the worldwide ETF inflows streak reached 64 months (five years and four months).

As of September 30, 2024, the U.S. ETF industry included 3,775 ETFs and ETPs, up by 106 (2.9 percent) M/M and up by 500 (15.3 percent) Y/Y. U.S. ETFs and ETPs account for 29.4 percent of the 12,843 ETFs and ETPs worldwide (which rose by 1.3 percent M/M and by 10.5 percent Y/Y).

341 ETF providers operated in the U.S. as of September 30, 2024, up by four (1.2 percent) M/M and up by 43 (14.4 percent) Y/Y. 43.7 percent of the 781 worldwide ETF providers operate in the U.S. (The number of ETF providers worldwide is up 0.9 percent M/M and up 10 percent Y/Y.)

Printed from: MFWire.com/story.asp?s=68047

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