ETF Inflows & Outflows
Performance Leaders & Laggards
Source: ETF Action; flows and performance data as of 11/7/24; performance data excludes leveraged and inverse products
Weekly ETF Reads
Vanguard deposes BlackRock as provider of world’s second-largest ETF by Steve Johnson
“These are two of the most successful funds on the planet over the past decade.”
Copycat ETFs Are Infiltrating a ‘Finders Keepers’ Tickers Market by Vildana Hajric
“That’s because all of the biggest and best ideas have already been taken.”
How A Trump Victory Could Be A Boost for ETFs by Tom Lydon
“With a favorable regulatory backdrop, ETF issuers may invest more in educating investors and promoting the benefits of ETFs over other investment products.”
Schwab Plans Actively Managed Bond ETF by Jeff Benjamin
“About 36% of bond ETF flows streamed into active products for the year to date through October, compared with 24% for active stock ETFs.”
BlackRock’s bitcoin ETF has surpassed its gold ETF in net assets just months after debut by Jason Shubnell
“It makes sense that institutions are flocking to Blackrock’s Bitcoin ETF, and we expect even more in the coming months.”
If you missed it, here is my latest contribution to etf.com… U.S. Election Could Ripple Through the ETF Industry
ETF Tweet of the Week
While ETFs have been around for nearly 32 years, they still only represent 23% of fund assets (mutual funds + ETFs) in the U.S. That might surprise some people given the tremendous growth ETFs have experienced, particularly over the past decade or so. The takeaway? There is still A LOT of room for the industry to expand.
ETFs currently 'only' make up 20% of the nearly $70T in open end funds globally, which shows you how early it still is, especially in Europe where they have just 9% of assets. US leads way at 23%.. Headed to 50% or more in all the regions eventually tho.. via @psarofagis pic.twitter.com/RROAgrzT9K
— Eric Balchunas (@EricBalchunas) November 5, 2024
ETF Chart of the Week
Speaking of ETF growth… the calendar year record for ETF inflows is $910 billion, set in 2021. This year’s ETF inflows are now at $882 billion. Barring a significant market pullback, a new record seems like a given. The bigger question is whether ETFs can eclipse the $1 trillion mark. As it turns out, that milestone has already been passed if looking at the trailing 12 months. State Street’s Matt Bartolini:
“For the first time ever, ETFs have taken in more than $1 trillion over a 12-month period, using weekly frequencies. And this figure has been above $1 trillion for three consecutive weekly review periods — an indication of potential staying power. This significant milestone reinforces our conviction that ETF inflows will hit $1 trillion for all of 2024.”
I agree with Matt and think it is perfectly acceptable to pop the champagne early.
Source: State Street’s Matt Bartolini
