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Summary of Q3 2018 ETF Flows and Trends¹
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Total US-listed ETF Assets reached $3.74 trillion at the end of Q3 2018, an 18.0% year-over-year increase. Estimated net asset flows totaled $90.3 billion in Q3 2018, compared to $57.4 billion Q2 2018.
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US Equity ETFs received the strongest estimated net inflows in Q3 2018, for the second straight quarter, with a total of $50.4 billion, compared to $37.6 billion in Q2 2018. Estimated net inflows for Sector Equity ETFs increased to $15.3 billion in Q3 2018, rebounding from a lackluster Q2 2018.
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Taxable Bond ETFs had the second highest estimated net inflows in Q3 2018 with $23.5 billion. Municipal Bond ETFs received $0.8 billion in estimated net inflows in Q3 2018. Notably, neither fixed income category has had net outflows during a calendar quarter since 2013.
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International Equity ETFs had relatively light estimated net inflows in Q3 2018, totaling $2.0 billion, after shedding $11.6 billion in estimated net outflows in Q2 2018.
- Commodities ETFs faced accelerating estimated net outflows in Q3 2018 totaling $3.1 billion, while Alternatives ETFs had estimated net inflows totaling $1.2 billion.
¹ Source: Morningstar, as of 9/30/18. Includes all US-listed exchange-traded funds, exchange-traded notes and other exchange-traded products. All net inflow and outflow numbers are estimates based on information provided by Morningstar.
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