The ETF industry in the US soared to an all-time high of $8.87 trillion by the close of Q1 2024, surpassing the previous record of $8.54 trillion set in February 2024.
According to ETF research firm ETFGI, the US ETF industry witnessed a 9.3% growth year-to-date, escalating from $8.11 trillion at the end of 2023 to the current $8.87 trillion.
March alone saw net inflows of $103.17 billion, bringing the year-to-date net inflows to $232.18 billion. According to the data provider, these figures marked the second-highest recorded year-to-date net inflows, following the $252.22 billion in 2021.
ETF assets predicted to reach US$19.2 trillion by June 2028
March’s inflows were dominated by equity ETFs, amassing $60.79 billion. This surge brought the year-to-date net inflows to $106.39 billion, an increase from the $3.13 billion recorded in the same period last year.
Fixed Income ETFs and Active ETFs also saw positive flows, though commodities ETFs reported net outflows for the year.
The top 20 ETFs by net new assets were major contributors, pulling in $67.93 billion in March. SPDR S&P 500 ETF Trust led the pack with an impressive $14.07 billion net inflow, while SPDR Gold Shares topped the ETPs with $520.21 million.
European ETF market forecast to grow 15% per annum until 2030
Deborah Fuhr, managing partner, founder and owner of ETFGI, commented: “The S&P 500 index increased by 3.22% in March and is up 10.56% YTD in 2024. The developed markets excluding the US index increased by 3.62% in March and is up 5.26% YTD in 2024. Spain and Italy saw the largest increases amongst the developed markets in March. The emerging markets index increased by 1.50% during March and was up 2.08% YTD in 2024. Peru and Columbia saw the largest increases amongst emerging markets in March.”
