Worldwide ETF Assets Fell in September

Worldwide, exchange-traded fund (ETF) assets fell in September to $2.6 trillion, as all major regions excluding Canada saw a slight decline in assets.

ETFs worldwide collected $7.8 billion in net new flows, 70% lower than the prior month, according to Strategic Insight, an Asset International company. Equity ETFs raised $12 billion (more than $16 billion from the U.S. offset by outflows in Asia and Europe), while Bond and ‘Other’ ETFs saw $0.5 billion and $3.5 billion in net redemptions.

At the category level, Equity U.S. – Large Cap ETFs led with $12 billion, followed by Equity U.S. – Mid/Small Cap ($2.6 billion), and Equity Global – Large Cap ($2 billion). Meanwhile, Equity Germany experienced outflows of $3.6 billion in September.

In the U.S., the top selling ETFs in September were SPDR S&P 500 ETF, iShares Core S&P MdCp ETF and Vanguard Total Bond Market Index-ETF.

Thirty-five new ETFs launched in September garnered $633 million in net flows. Lyxor UCITS ETF Nikkei JPX-400 (listed on Euronext Paris and London Stock Exchange) collected the most with $160 million.

Db X-trackers introduced four new smart beta ETFs that weight stocks on the MSCI World Index based on earnings quality, momentum, value, and low beta. Leading European ETF provider Source also launched its first ETF in the US, Source EURO STOXX 50 ETF and raised $46 million.

The Strategic Insight Flow Watch report for September is here.