The global ETFs industry experienced a significant boost in April, with net inflows amounting to $70.35 billion, according to a report from ETF research firm ETFGI. This surge has propelled the year-to-date (YTD) net inflows to a record $467.86 billion, surpassing previous records.
This impressive performance marks the 59th consecutive month of net inflows for the global ETFs industry. The total assets under management increased by 6.1% year-to-date, reaching $12.35 trillion by the end of April 2024, up from $11.63 trillion at the close of 2023. The industry now boasts 12,238 products, with 24,518 listings from 744 providers across 80 exchanges in 63 countries.
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Equity ETFs led the charge in April, with net inflows of $28.93 billion, bringing the YTD total to $264.60 billion, a stark contrast to the $53.66 billion recorded in the same period in 2023. Fixed income ETFs saw net inflows of $16.72 billion in April, contributing to a YTD total of $78.57 billion, although this is down from $94.04 billion last year. On the other hand, commodities products faced net outflows of $2.15 billion in April, resulting in a YTD outflow of $8.53 billion, a reversal from the $2.62 billion inflows seen in 2023. Active ETFs attracted net inflows of $25.75 billion in April, with a YTD total of $97.56 billion, more than double the $44.48 billion recorded last year.
The top 20 ETFs by net new assets collectively gathered $40.12 billion in April. Leading the pack was the Vanguard S&P 500 ETF (VOO US), which alone accumulated $7.62 billion in net inflows. Similarly, the top 10 ETPs by net new assets collected a combined $1.72 billion, with Hana Securities Hana CD Interest Rate Investment ETN 26 (70026 KS) attracting the highest individual net inflow of $326.73 million.
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This surge in inflows highlights the growing investor confidence in ETFs as versatile and resilient investment vehicles amid fluctuating global markets.
“The S&P 500 index decreased by 4.08% in April but is up by 6.04% YTD in 2024. The developed markets excluding the US index decreased by 2.74% in April but is up 2.38% YTD in 2024. Luxembourg and Israel saw the largest decreases amongst the developed markets in April. The emerging markets index increased by 1.64% during April but is up 3.75% YTD in 2024. Turkey and China saw the largest increases amongst emerging markets in April,” according to Deborah Fuhr, managing partner, founder and owner of ETFGI.
