The global ETFs industry has reached a milestone, with 877 new products listed in the first half of 2024, according to ETF research firm ETFGI. This figure surpasses the previous record of 808 new ETFs set in the first half of 2021.
After accounting for 253 closures, the industry saw a net increase of 624 products by the end of H1 2024. The US led with 297 new listings, followed by the Asia Pacific region (excluding Japan) with 281, and Europe with 147. The US also reported the highest number of closures, with 91, while the Asia Pacific and Europe recorded 55 and 53 closures, respectively.
219 providers have contributed to the new listings, which are spread across 35 exchanges worldwide. The newly listed products include 355 active ETFs, 296 equity index ETFs, and 92 tracking fixed income indexes. iShares led the way with the largest number of new products at 44, followed by Global X ETFs with 36 and PGIM with 28.
The period from 2020 to 2024 has seen a steady increase in new ETF listings, with numbers rising from 467 in 2020 to 877 in the first half of 2024. The US and Asia Pacific (excluding Japan) have seen the most significant growth, with 297 and 281 new listings, respectively, in H1 2024. In contrast, Latin America recorded only three new listings during this period.
ETFs reached a $13.14tn at the end of June, data shows
Assets in the global ETFs industry reached a record high of $13.14 trillion at the end of H1 2024. The industry gathered $136.17 billion in net inflows in June alone, bringing year-to-date net inflows to a record $730.36 billion.
New ETFs listed during the first half of 2024 have also attracted substantial assets. Notably, the iShares Bitcoin Trust led the top 25 new listings, accumulating $18.52 billion in assets. Other notable mentions include Grayscale Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, reflecting strong investor interest in the new spot Bitcoin ETFs that launched in the US in January 2024. In Asia Pacific, Taiwan’s Yuanta Taiwan Value High Dividend ETF and UPAMC Taiwan High Dividend Momentum ETF have also made significant strides, showcasing the region’s dynamic and diverse markets.
The number of ETF closures has decreased across all regions compared to the first half of 2023. The US and Asia Pacific (excluding Japan) experienced the highest number of closures, while Japan and Latin America saw the fewest, with just two closures each.