FYI: After ETFs gathered more than $450 billion of new money in 2017, aided by a strong U.S. equity market, flows moderated in 2018. This year, we’re likely to see the strong $200 billion-plus annual inflow levels achieved between 2014 and 2016, but year-to-year comparisons may be challenging.
Behind weaker flows this year is the fact that the more than 20% gain for the S&P 500 in 2017 has been replaced by more modest market gains, and increased market volatility.
On the surface, this may seem like bad news for issuers. However, in this environment, more moderately sized ETF firms have climbed the industry leader board, aided primarily by interest in their bond offerings.
Regards,
Ted
https://www.etf.com/sections/blog/etf-leader-board-shaken
