July 2024 saw global actively managed ETF assets reach $974.29bn, with year-to-date inflows setting a new high at $189.96bn, reported ETFGI. Photo: Shutterstock

July 2024 saw global actively managed ETF assets reach $974.29bn, with year-to-date inflows setting a new high at $189.96bn, reported ETFGI. Photo: Shutterstock

Global assets in actively managed exchange-traded funds reached a record $974.29bn in July 2024, fuelled by significant net inflows of $35.92bn, data firm ETFGI announced on Monday.

Assets invested in actively managed exchange-traded funds () globally reached a new peak of $974.29bn by the end of July 2024, according to ETFGI, a research and consultancy firm. This marked a significant milestone, surpassing the previous record of $923.22bn set in June 2024. The rise in assets represented a 31.7% increase year-to-date from $739.87bn at the end of 2023, stated ETFGI in a report on Monday 26 August.

July proved to be a strong month for actively managed ETFs, with net inflows amounting to $35.92bn. This brought the year-to-date net inflows to an unprecedented $189.96bn, the highest on record. For comparison, the previous year saw net inflows of $86.12bn over the same period, while 2021 recorded $85.25bn in net inflows year-to-date. This marked the 52nd consecutive month of net inflows for actively managed ETFs, remarked ETFGI.

The growth in assets occurred alongside broader market gains. Deborah Fuhr, managing partner of ETFGI, highlighted in a report that the S&P 500 index increased by 1.22% in July, contributing to a 16.70% rise year-to-date in 2024. Developed markets excluding the US saw a 3.37% increase in July, with a year-to-date gain of 8.12%. Amongst the developed markets, Ireland and Belgium experienced the most significant monthly increases at 6.48% and 6.42% respectively. In the emerging markets, the index rose by 0.57% in July, with a year-to-date increase of 8.70%, led by Greece with a 6.93% increase and the United Arab Emirates with a 6.18% rise.

Listings

By the end of July, there were 2,761 actively managed ETFs listed globally, with 3,421 listings, offered by 461 providers on 37 exchanges across 29 countries. Equity-focused actively managed ETFs garnered $19.37bn in net inflows during July, bringing the year-to-date total to $108.52bn. This was a substantial increase compared to $58.01bn in net inflows during the same period in 2023. Fixed-income focused ETFs also saw significant growth, attracting $14.57bn in net inflows in July, with year-to-date net inflows reaching $69.12bn, more than double the $27.44bn recorded during the same period in 2023.

Amidst evolving global market conditions, “investors have tended to invest in equity focused actively managed ETFs during July,” noted ETFGI in the report.

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