GICS Sector Reshuffle Exacerbates Top-Heavy Concentration For Certain Sectors
Summary of Q3 2018 ETF Flows and Trends┬╣

  • 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.
  • 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.
  • 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.
  • 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.
┬╣ 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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Posted on Wednesday, November 14, 2018 @ 2:35 PM

These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.