ETF New Listings Spike: Report

Contributing Editor

May 15, 2024

Reviewed by: etf.com Staff

Edited by: Ron Day

Exchange traded fund issuers globally unveiled 35 new funds last week, the latest evidence of “a significant uptick in the ETFs market,” research and consultancy group ETFGI said in a report issued Monday. Issuers shuttered six funds for a net increase of 29 ETFs, the report said.

The findings reflect the rising popularity of ETFs and the almost uninterrupted upswing in equity markets dating back more than a year. Issuers have introduced 612 new ETFs year-to-date and closed 182 products for a net increase of 430 listings, London-based ETFGI said.

According to etf.com data, this year's inflows of $227.6 billion are 55% higher than the $146.8 billion generated at the same point last year. ETF assets under management have ballooned to $11.7 trillion globally and the industry and funds have notched 58 consecutive months of inflows, according to ETFGI. The company's founder and president Deborah Fuhr sits on the etf.com editorial advisory board.

Meanwhile, the S&P 500 and tech-heavy Nasdaq have rebounded from an April dip to rise more than 10% in 2024. Both indexes were up slightly in Tuesday trading. April ETF inflows totaled $32 billion, declining from a torrid pace in March amid the wider market slump that stemmed from inflationary and other macroeconomic concerns.

U.S., Europe Lead ETF Unveilings

Of the new funds last week, ETFGI said that 15 opened in Europe and 11 in the U.S., while five of the closures occurred in Europe. Among funds that started trading last week were the TWC Compounders ETF (GRW), the TWC Artificial Intelligence ETF (AIFD), and the First Trust Energy Income Partners Enhanced Income ETF (EIPI).

The U.S. leads year-to-date with 207 new listings with the Asia Pacific's 192 new funds following.

Nearly nine in 10 of the 612 new ETFs are structured as regulated funds, including UCITs (Europe) and 40 Act (U.S.) frameworks, with the remainder adopting alternative product structures.

"This year's data reflects a dynamic and expanding ETFs industry, with the U.S. and Asia Pacific regions leading the charge in product innovation and offerings," ETFGI said in a press release.

etf.com reached out to the company for additional comment.

James Rubin

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James Rubin is a contributing editor for etf.com, where he produces the Morning Exchange and Weekly Exchange newsletters. A longtime financial writer, editor and book author, he formerly held positions as a news and markets editor for the Americas at CoinDesk, where he focussed on cryptocurrencies.

He provided editorial guidance for a Wall Street Journal best-selling book on Bitcoin and oversaw a startup newsroom focused on digital financial assets. He has edited for TheStreet and Unchained, where he wrote daily news stories about the trial of fallen crypto entrepreneur Sam Bankman-Fried. His writing has also appeared in The Hollywood Reporter, Forbes.com, AdWeek, Bankrate, The Financial Brand and The Wall Street Journal. He has also written for Forbes Insights and the Economist Intelligence Unit, including papers presented at World Economic Forums in Davos and Mumbai.

James is the co-author of The Urban Cyclist’s Survival Guide (Triumph Books) and has been interviewed about bike safety on a number of NPR affiliates. In a prior career, Rubin was a world-ranked tennis player, once competing in Wimbledon’s qualifying rounds. He speaks fluent German and is a graduate of the Columbia University Graduate School of Journalism and received his BA at Columbia University.

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