Noticeable drop in global ETF assets - Global ETF FlowWatch - October 2018 Results
/Worldwide ETFs recorded US$32 billion in net flows during October. Equity ETFs led with US$26 billion in net new money, followed by commodity ETFs accumulating US$7 billion in net flows. Meanwhile, bond ETFs gathered US$128 million of net flows only. Global ETF assets dropped noticeably to US$4.939 trillion.
ETF net flows in the U.S. slowed down significantly to US$6 billion during October 2018, compared to US$33 billion of net deposits in September. Equity ETFs led with US$6 billion in net new money, followed by commodity ETFs accumulating US$2 billion for the month. Meanwhile, bond ETFs suffered net redemptions of nearly US$2 billion.
ETFs in Asia garnered US$23 billion in net flows during October, mainly pushed by Equity China and Equity Japan garnering US$7.4 billion and US$6.8 billion, respectively. Notably, within Equity China, three Central SOE ETFs accumulated nearly US$7 billion together. On the other hand, ETFs in Europe stayed relatively flat and added a modest US$1 billion in net new money.
Bosera CSI Central-SOEs Strc Reform Idx ETF Fund was the largest ETF new launch in October, amassing US$3.6 billion in net new cash. The ETF is one of three Central SOE ETFs launched in October. The other two Central SOE ETFs launched were the ChinaAMC CSI Central-SOEs Strc Reform Idx ETF Fd and Yinhua CSI Central-SOEs Strc Reform Idx ETF Fd.