Global ETF industry hit record US$11.63 trillion in assets in 2023: report
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THE assets invested into the global exchange-traded funds (ETFs) industry reached a record high of US$11.63 trillion at the end of 2023.
This was 25.6 per cent higher than the US$9.26 trillion recorded in 2022, said ETFGI in its new report released on Tuesday (Jan 16).
Net inflows in December 2023 stood at US$171.76 billion, bringing the total net inflows for the year to US$974.87 billion – the second highest on record.
Equity ETFs recorded US$532.41 billion in net inflows for 2023, 11 per cent higher than the US$479.74 billion recorded in 2022.
Net inflows for fixed-income ETFs stood at US$271.67 billion, up 14 per cent from the US$236.55 billion recorded in 2022.
Meanwhile, commodities ETFs and exchange-traded products recorded US$15.55 billion in net outflows for the 2023 year, narrowing slightly from the US$16.41 billion in net outflows recorded in 2022.
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Active ETFs attracted net inflows of US$183.36 billion in 2023, 48.3 per cent higher than the US$123.67 billion in net inflows recorded in 2022.
ETFGI attributed the substantial inflows to the top 20 ETFs by net new assets, which collectively accounted for US$$88.04 billion in December 2023. The top ETF by net new inflow was SPDR S&P 500 ETF Trust, which gathered US$39.41 billion in inflows during the month.
The number of products in the global ETF industry stood at 11,869 in 2023 from 731 providers listed on 81 exchanges in 63 countries, the research firm noted.
In 2023, the S&P 500 rose 26.29 per cent on the year. The developed markets index rose 18.14 per cent, while the emerging markets index added 10.87 per cent.
Sweden and Australia saw the largest gains among developed markets in December 2023. The same was observed for Peru and Colombia among emerging markets, according to Deborah Fuhr, ETFGI’s managing partner and founder.
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