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Press Release

LONDON —January 16, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports that assets invested in the Global ETFs industry reached a new milestone of US$11.63 trillion at the end of 2023.   The global ETFs industry gathered US$171.76 billion in net inflows in December, bringing 2023 net inflows to US$974.87 billion.  Assets invested in the global ETFs industry increased by 25.6% in 2023, going from US$9.26 trillion at end of 2022 to US$11.63 trillion, according to ETFGI's December 2023 global ETFs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted)
 
Highlights

• Assets invested in the Global ETFs industry reached a new milestone of $11.63 trillion at the end of 2023 beating the previous record of $10.99 trillion at the end of November 2023.
• Assets increased 25.6% in 2023, going from $9.26 Tn at end of 2022 to $11.63 Tn.
• Global ETFs industry gathered net inflows of $171.76 Bn during December.
• Net inflows of $974.87 Bn gathered in 2023 are the second highest on record, behind the 2021 net inflows is of $1.29 Tn.
• 55^th month of consecutive net inflows.

“The S&P 500 increased by 4.54% in December and was up 26.29% in 2023. The developed markets index excluding the US increased by 5.81% in December and were up 18.14% in 2023. Sweden (up 12.29%) and Australia (up 10.47%) saw the largest increases amongst the developed markets in December. The emerging markets index increased by 3.63% during December and was up 10.87% in 2023. Peru (up 24.95%) and Columbia (up 12.44%) saw the largest increases amongst emerging markets in December.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Global ETFs industry asset growth as of the end of 2023

The Global ETFs industry had 11,869 products, with 23,848 listings, assets of $11.63 Tn, from 731 providers listed on 81 exchanges in 63 countries at the end of 2023.

During December, ETFs gathered net inflows of $171.76 Bn. Equity ETFs saw net inflows of $135.05 Bn during December, bringing 2023 net inflows to $532.41 Bn, higher than the $479.74 Bn in net inflows in 2022. Fixed income ETFs reported net inflows of $21.69 Bn during December, bringing 2023 net inflows to $271.67 Bn, higher than the $236.55 Bn in net inflows in 2022. Commodities ETFs/ETPs reported net outflows of $1.45 Bn during December, bringing 2023 net outflows to $15.55 Bn, slightly less than the $16.41 Bn in net outflows commodities products had in 2022. Active ETFs attracted net inflows of $16.42 Bn during the month, gathering net inflows of $183.36 Bn in 2023, higher than the $123.67 Bn in net inflows in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $88.04 Bn during December. SPDR S&P 500 ETF Trust (SPY US) gathered $39.41 Bn, the largest individual net inflow.

Top 20 ETFs by net new inflows December 2023: Global

The top 10 ETPs by net new assets collectively gathered $1.72 Bn over December.

Invesco Physical Gold ETC - GBP Hdg Acc (SGLS LN) gathered $423.60 Mn, the largest individual net inflow.

Top 10 ETPs by net new inflows December 2023: Global

Investors have tended to invest in Equity ETFs/ETPs during December.

Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.

The ETFGI Global ETFs Insights Summits are designed to facilitate substantive and in-depth discussions around the impact that market structure and regulations have on ETF product development, due diligence, suitability, the use and trading, and technological developments have on ETFs and mutual funds in the respective jurisdictions.  Free registration and CE credits are offered to buyside investors and financial advisors. There are speaker and sponsorship opportunities available. 

Afternoon workshop: during the afternoon coffee break participants will have the opportunity to discuss with their peers topics of importance and interest raised earlier in the day relating to ETFs, as well as raise any questions with, and obtain guidance from, outside experts.

Register now to join the discussion with leading ETF issuers, investors, the top brokerage firms, regulators and representatives from stock exchanges, law firms and other firms.

Register to attend our upcoming events in 2024:
Free registration and CE credits are offered to buyside investors and financial advisors. 

• 5th Annual ETFGI Global ETFs Insights Summit - Latin America 2024 Register
• 5th Annual ETFGI Global ETFs Insights Summit - Europe & MEA 2024 Register
• 5th Annual ETFGI Global ETFs Insights Summit - United States 2024 Register
• 5th Annual ETFGI Global ETFs Insights Summit - Asia Pacific 2024 Register
• 6th Annual ETFGI Global ETFs Insights Summit - Canada 2024 Register

If you are interested in sponsoring or speaking at any of our upcoming events or have any questions, please contact us deborah.fuhr@etfgi.com and margareta.hricova@etfgi.com.

ETFGI SERVICES 
ETFGI currently offers the following subscription services: 

• ETFGI Basic Global ETFs and ETPs research service – Global Industry Insight Landscape 
• reports, database and factsheet for all ETFs/ETPs listed globally
• ETFGI Global Active ETFs and ETPs Landscape report
• ETFGI Global China ETFs and ETPs Landscape report
• ETFGI Global Crypto ETFs and ETPs Landscape report 
• ETFGI Global Currency Hedged ETFs and ETPs Landscape report
•  ETFGI Global EM and FM ETFs and ETPs Landscape report
• ETFGI Global ESG ETFs and ETPs Landscape report
• ETFGI Global Institutional Users of ETFs and ETPs Landscape report & Mutual Funds Users of 
• ETFs and ETPs Landscape report
• ETFGI Global Leverage and Inverse ETFs and ETPs Landscape report 
• ETFGI Global Smart Beta ETFs and ETPs Landscape report
• ETFGI Global Thematic ETFs and ETPs Landscape report 

ETF TV is a new show which provides insights into the use, trading, regulatory and product development trends for exchange traded funds ETFs and exchange traded products ETPs.

Go to www.ETFtv.net to view episodes 

Episode 1 ETF TV views from industry leaders in Europe

Episode 2 ETF TV Tara O'Reilly on the regulatory environment for ETFs 

Episode 3 ETF TV Dan Draper of Invesco picks out the key future trends to watch in the ETF market 

Episode 4 ETF TV Dr Xiaolin Chen of KraneShares explains ETF use in institutional investment and for access to China

Episode 5 ETF TV ETF market structure and trading protocols are evolving approaches to investment Tom Digby, Head of EMEA ETF Client Trading at Invesco

Episode 6 ETF TV Ciarán Fitzpatrick, Managing Director, Head of ETF Servicing Europe at State Street discuss generating alpha with ETFs  

Episode 7 of ETF TV features Eric M. Pollackov Global Head of ETF Capital Markets at Invesco sharing his views on active and passive investing being a collaboration of capabilities, the need for education and inDecations developing in non-transparent active and Crypto ETPs

Episode 8 of ETF TV features Shaun Baskett, Director Index Sales at Cboe Europe sharing his views on the role of regulation, trade transparency and liquidity for ETFs

Episode 9 of ETF TV features Sergey DolomaDec, Partner at WILLIAM FRY sharing his views on the value of ETFs being the delivery of better value and choice for investors and the development of active and ESG strategies with Hamish McArthur of ETF TV and Deborah Fuhr of ETFGI 

Episode 10 of ETF TV features Jim Goldie, head of ETF Capital Markets (EMEA) at Invesco, sharing his views on the growth in the use of fixed income ETFs, how they can have tighter spreads than the index and provide cost efficient execution, with Hamish McArthur of ETF TV

Episode 11 of ETF TV features Elena Philipova, Global head of ESG proposition at Refinitiv, discussing how to define sustainable investment opportunities and the changing landscape of ESG application within the investment industry

Episode 12 of ETF TV part 2 of the Difference in US and European approaches to ESG should not inhibit growth interview with Elena Philipova, global head of ESG proposition at Refinitiv with Deborah Fuhr, Managing Partner of ETFGI and co-founder of ETF TV

Episode 13 of ETF TV   features Tom Stephens, head of international ETF Capital Markets at JP Morgan Asset Management, Active ETFs will be the next level.  The use of fixed income exchange-traded funds for long term investment as well as for shorter term liquidity management and portfolio transitions

Episode 14 of ETF TV features Manuela Sperandeo, EMEA head of smart beta, sustainable and thematic ETFs at BlackRock explains how to define the category, assess it in the context of investment strategy, and to implement it in practicality

Episode 15 of ETF TV features Ivan Gilmore, head of exchange-traded products and global product development at the London Stock Exchange sees inDecation in trading protocols and ESG products are transforming the ETF landscape, plus his thoughts on active vs passive and governance

Episode 16 of ETF TV features Deborah Fuhr and Dan Barnes - The ETF Rule in the US will lead to many new issues in the market across 2020; the ‘non-transparent active’ ETFs – in reality as transparent as mutual funds, and better described as periodically-disclosed ETFs, will increase in number. New smart-beta strategies and launches of funds based on existing smart-beta strategies will also grow.

Please contact us if you are interested in sponsoring a mini segment or a full episode.

ETFGI is supporting Jobs in ETFs, the first website for careers and recruitment in the ETF industry.  www.jobsinetfs.com

About Deborah Fuhr 
Previously Deborah Fuhr served as global head of ETF research and implementation strategy and as a managing director at BlackRock/Barclays Global Investors from 2008 – 2011. She also worked as a managing director and head of the investment strategy team at Morgan Stanley in London from 1997 – 2008, and as an associate at Greenwich Associates. 
 
She has been working with investors, ETF, ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997. 

ETFGI is honored to count as our research and consulting clients some of the leading firms in the ETF Ecosystem around the world as well as some new entrants and firms that are considering entering the ETF, ETP industry. 
 
Past awards for Ms Fuhr include the ETF.com’s 2018’s Lifetime Achievement Award, the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing and she named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016. 
 
Deborah Fuhr is a founder and board member of Women in ETFs “WE” the first women’s group for the ETF industry. Founded in January 2014, WE is a non-profit organization that brings together over 5,300 members, including women and men, in chapters in major financial centers around the world to CONNECT, SUPPORT and INSPIRE. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy, and idea sharing across the industry and beyond. For more information, visit: www.womeninetfs.com
 

Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

Connect on:
Deborah Fuhr Twitter | LinkedIn 
ETFGI Twitter | LinkedIn | Website
ETFs Network LinkedIn 
ETF TV Twitter | LinkedIn | Website
Women in ETFs, Board member and founder  
Women in ETFs Twitter | LinkedIn | Website

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