ETF net flows worldwide slowed down significantly to US$13 billion during January 2019, compared to US$66 billion of net deposits in December 2018. Bond products amassed US$25 billion, while commodity products gathered US$1.4 billion in net new money. On the other hand, equity products experienced net withdrawals in excess of US$13 billion. Global ETF assets climbed to US$5.157 trillion at the end of January 2019.
In the U.S., bond ETF products surged with US$15 billion in net flows, mainly driven by Bond North America garnering US$10 billion in net flows. Commodity ETF products added a modest US$1 billion in net new cash while equity ETFs suffered net redemptions of US$23 billion.
ETFs in Asia amassed US$10 billion in net new flows, mainly pushed by Equity Japan and Equity Korea garnering US$6.3 billion and US$1.4 billion, respectively. Meanwhile, ETFs in Europe accumulated US$9 billion in net new money due to robust inflows of US$7 billion into a variety of bond ETF products. ETFs in Asia and Europe stood at US$545 billion and US$811 billion, respectively as of January 2019.
Invesco US Treas Bd 7-10 Year UCITS USD ETF Dist was the largest ETF new launch in January, attracting US$394 million in net flows. The ETF is domiciled in Ireland and tracks the Bloomberg Barclays US treasury 7-10 Year Index. The ETF is currently listed on the London Stock Exchange under the ticker TREX.