Equity ETFs leading - Global ETF FlowWatch - January 2020
/Worldwide ETFs recorded US$73 billion in net flows during January 2020. Equity ETFs led with US$42 billion in net new money, followed by bond and commodity ETFs products garnering US$24 billion and US$7 billion, respectively. ETFs assets achieved a record high of US$6.379 trillion as of January 2020.
In the U.S., equity ETFs accumulated US$28 billion of net flows, while bond ETF products gained US$18 billion in net new cash. Notably, Equity US – Large Cap was the best-selling category and led with US$16 billion of inflows. Meanwhile, commodity ETF products took in almost US$4 billion in net new cash.
ETFs in Europe garnered US$13 billion of net flows, mainly driven by equity and bond ETF products which accumulated an aggregate US$12 billion. European commodity ETFs added nearly US$2 billion in net new cash. ETFs in Asia gathered US$4 billion in net new money, primarily driven by equity ETFs acquiring nearly US$4 billion. Asian commodity ETFs attracted nearly US$1 billion but was offset by US$0.5 billion redeemed from bond ETFs in Asia.
ChinaAMC CNI Semiconductor Chips Index ETF Fund was the largest new ETF launch in January 2020, accumulating US$778 million in inflows. The ETF is listed on the Shenzhen stock exchange and tracks the China Securities Semiconductor Chip Index.