ETF Inflows & Outflows
Performance Leaders & Laggards
Source: ETF Action; flows and performance data as of 9/26/24; performance data excludes leveraged and inverse products
Weekly ETF Reads
Fidelity Says Advisors’ ETF Use Rose Sharply This Year. Here’s Why. by Dinah Wisenberg Brin
“It’s a good way for an advisor to kind of get their cake and eat it too, which in my mind is driving a lot of this.”
Advisors Very Comfortable With Active Equity ETFs by Todd Rosenbluth
“There have been 1,311 actively managed ETFs launched since 2019.”
How Fast Will Active Equity ETFs Grow? by Jack Shannon
“The median old-school active stock-picking ETF held just $48 million in assets and roughly half of them held less than $50 million.”
US bond ETF launches up 50% from year-ago levels by Suzanne McGee
“A key factor driving interest this year has been anticipation that the Fed will cut interest rates in 2024 – a process that began with a 50 basis point reduction last week.”
Texas Capital Unveils ‘First-of-Its Kind’ Money Market ETF by DJ Shaw
“Unlike traditional money market funds, MMKT will not maintain a stable $1 net asset value.”
Is Coinbase Issuing ‘Paper Bitcoin’ to BlackRock and Other ETFs? by Mat Di Salvo
“This isn’t like FTX, where you just throw up an exchange out of nowhere, and some buffoon is running it from a Bahama penthouse.”
BNY Plans Crypto ETF Custody as Wall Street Eyes Digital Asset Revenue by Olga Kharif and Lydia Beyoud
“BNY said the accountancy office’s decision is specific to the financial institution’s ETP use case.”
ETF Tweet of the Week
ETFs are pushing $300 billion(!) of inflows this quarter, exceeding the previous quarterly record set last year. What have been the key drivers? Catch my conversation with Mike Akins on last week’s ETF Prime.
U.S. listed #ETFs have pulled in $272B so far in Q3 2024 which exceeds the previous quarterly inflow record set in Q4 2023. pic.twitter.com/bk3QzUnfF9
— Mike Akins (ETF Action) (@etfAction) September 27, 2024
ETF Chart of the Week
The first ETF, the SPDR S&P 500 ETF (SPY), launched in January of 1993. It took the industry until December of 2010 to hit $1 trillion in assets. This past week, ETFs hit $10 trillion after just eclipsing $9 trillion in May. What a ride it has been…
Source: Bloomberg’s Isabelle Lee
