Summary of 2018 ETF Flows and Trends¹
Total US-listed ETF assets dropped to $3.40 trillion at the end of 2018, a -1.2% decline from the end of 2017. Total estimated net flows for the year were $313 billion, roughly $152 billion slower than 2017's record-setting flows. The slight dip in assets was due to performance, not capital flows.
Total assets increased in four ETF categories, including Municipal Bond ETFs (+21.3%), Taxable Bond ETFs (+12.4%), Allocation ETFs (+0.8%), and US Equity ETFs (+0.4%).
US Equity ETFs had the strongest estimated net inflows in 2018 (+$143 billion), followed by Taxable Bond ETFs (+$91 billion), and International Equity ETFs (+$60 billion). No ETF category had estimated net outflows in 2018.
¹ Source: Morningstar, as of 12/31/18. 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.