Worldwide ETFs garnered US$41 billion in net flows during April 2019. Equity ETFs led with US$29 billion in net new money, followed by bond ETFs accumulating US$15 billion in net flows. Meanwhile, commodity ETFs suffered net redemptions of US$3 billion. Global ETF assets rose to US$5.56 trillion as of April 2019.
In the U.S., equity ETFs surged with US$25 billion in net new flows amid recovery of the U.S. stock market. Notably, Equity US – Large Cap was the best-selling category garnering nearly US$19 billion in net new money for the month. Bond ETF products recorded US$7 billion in net flows, while commodity ETFs experienced net redemptions of nearly US$2 billion.
In Europe, ETFs added a modest US$3 billion in net new cash, mainly driven by US$5 billion of net flows into bond ETF products. Meanwhile, equity ETF products in Europe suffered net redemptions of US$2 billion. ETFs in Asia gathered US$4 billion in net flows, primarily driven by robust inflows of nearly US$8 billion into Equity Japan that was offset by net redemptions in other categories.
CTBC U.S. Treasury 20+ Year Bond ETF was the largest new ETF launch in April 2019, accumulating US$351 million in net new cash. The ETF is incorporated in Taiwan and seeks to track the performance of Bloomberg’s Barclays U.S. Treasury 20+ Year Index. It is one of two ETFs launched by CTBC Investments in April and is listed on the Taipei Exchange.