Superior Tax-Efficiency Supports Continued Migration to ETFs
Summary of Q3 2019 ETF Flows and Trends¹ 

  • Total US-listed ETF assets reached $4.06 trillion at the end of Q3 2019, an 8.5% year-over-year increase.  Estimated net asset flows in Q3 2019 totaled $67.1 billion, compared to $79.7 billion Q2 2019.
  • US Equity ETFs received the strongest estimated net inflows in Q3 2019, with a total of $34.8 billion.  However, the narrower Sector Equity ETFs category had estimated net outflows of $2.2 billion.  International Equity ETFs also had estimated net outflows in Q3 2019, totaling $14.3 billion, the category's largest quarterly outflows on record.
  • Taxable Bond ETFs had the second highest estimated net inflows in Q3 2019 with $34.7 billion.  Municipal Bond ETFs received $3.0 billion in estimated net inflows in Q3 2019, increasing year-over-year assets by 35.2%.
  • Commodities ETFs received estimated net inflows of $8.8 billion in Q3 2019, the most quarterly inflows since Q1 2016.
  • Alternative and Allocation ETFs had estimated net inflows of $1.7 billion and $0.6 billion, respectively, in Q3 2019, each rebounding from net outflows in the previous quarter. 

¹Source: Morningstar, as of 9/30/19. 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 Monday, October 28, 2019 @ 10:46 AM

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.