August is historically the weakest month for ETF inflows, but double the average inflows pushed 2024’s total to $610 billion! At this pace, total 2024 inflows could reach a record $950 billion. Read more in Matthew Bartolini, CFA, CAIA’s latest. ??
Managing Director, Head of SPDR Americas Research at SPDR Exchange Traded Funds (ETFs)
#ETFs took in $73 billion in August, more than double the historical August average (+$32 billion) — the lowest historical average for any month. But through the first few days of this August, it didn’t look like ETFs would outperform the typical dismal August flows. Over the first seven trading days when the market was selling off, inflows averaged just $2.4 billion a day for a total of just $17 billion through August 9th. As the market rallied and sentiment improved, flows recovered — averaging $4 billion a day (+$56 billion) for the rest of the month. The better than average August inflows pushed 2024’s total to $610 billion, a record haul for the first eight months of any year — outpacing the $591 billion through August 2021 and just $9 billion away from displacing 2022 as the second-most annual total. Based on a blended model, total 2024 inflows could reach a record $950 billion — beating 2021’s $909 billion. And one model input has inflows at $977 billion.