Equity ETFs leading new money - Global ETF FlowWatch - December 2019

ETFs accumulated US$76 billion in December 2019 amid broad recovery in the market. As a result, ETFs garnered US$489 billion in net subscriptions for the entire year. Equity ETFs led with US$56 billion in net new money, followed by bond ETFs with US$24 billion of net flows. On the other hand, commodity ETFs suffered nearly US$4 billion in net redemptions. Global ETFs set a record high of US$6.346 trillion as of December 2019.

In the U.S., equity ETFs amassed US$31 billion of net flows, while bond ETF products gathered US$13 billion in net flows. Meanwhile, commodity ETF products experienced net redemptions of nearly US$1 billion. Notably, Equity US – Large-cap was the best-selling category and pulled in US$18 billion in net flows.

In Europe, ETFs gathered $19 billion in net new money, primarily driven by US$14 billion deposited into equity products. ETFs in Asia took in a moderate $8 billion of net flows during December, led by Equity Korea adding nearly US$4 billion in net new cash.

TaiKang CSI 300 Index ETF Fund was the largest ETF new launch in December, garnering slightly over US$1 billion in net flows. The ETF tracks the CSI 300 Index is managed by Taikang.