Massive October Inflows Keep ETFs on Track for $1T

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A monster month of inflows kept ETFs on track to potentially surpass $1 trillion in net inflows in 2024.

Just over $118 billion flowed into U.S.-listed exchange-traded funds during October, pushing year-to-date inflows up to $812 billion.

If inflows for November and December are anything like October, total inflows for the year will top the 13-figure mark for the first time ever. 

Aggregate assets under management for U.S.-listed ETFs stood at $10.1 trillion at the end of October.

The bulk of October’s inflows went into the usual suspects—large, liquid broad market ETFs.

The Vanguard 500 Index Fund (VOO) and the iShares Core S&P 500 ETF (IVV) had monthly inflows of $14.5 billion and $11.5 billion, respectively.

Remarkably, VOO’s 2024 inflows now stand at an eye-popping $85.4 billion, the largest inflows for any ETF in a calendar year. 
IVV’s 2024 inflows stand at $55.3 billion.

Other flows winners during October included the iShares Trust – China Large-Cap ETF (FXI) and the iShares Bitcoin Trust (IBIT), which had inflows of $5.6 billion and $4.4 billion, respectively.

Bitcoin prices flirted with record highs at the end of the month, while China ETFs rocketed higher early in the month before pulling back sharply mid-month.

The most in-demand bond ETF of the month was the Fidelity Total Bond ETF (FBND), followed by the iShares 20+ Year Treasury Bond ETF (TLT), each with October inflows of more than $2.5 billion.

The Invesco S&P 500 Equal Weight ETF (RSP) snuck into the top 10, with inflows of just under $2 billion.

Meanwhile, the Vanguard Intermediate-Term Corporate Bond ETF (VCIT), the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the iShares Russell 1000 Growth ETF (IWF) topped the list of funds with outflows. 

For a full list of the top inflows and outflows for October and 2024 as a whole, see the tables below:

Top Gainers October 2024

Ticker

Name

Issuer

Net Flows ($, mm)

AUM ($, mm)

% of AUM

YTD 2024 Net Flows($,M)

VOO

Vanguard 500 Index Fund

Vanguard

14,474.04

547,784.69

2.64

85,355.63%

IVV

iShares Core S&P 500 ETF

Blackrock

11,450.65

547,756.67

2.09

55,298.00%

FXI

iShares Trust - China Large-Cap ETF

Blackrock

5,551.40

9,935.39

55.87

4,811.00%

IBIT

iShares Bitcoin Trust

Blackrock

4,393.97

30,856.94

14.24

25,816.94%

SCHX

Schwab U.S. Large-Cap ETF

Charles Schwab

3,425.07

50,361.17

6.80

5,407.34%

FBND

Fidelity Total Bond ETF

Fidelity

2,942.13

15,042.67

19.56

8,401.05%

TLT

iShares 20+ Year Treasury Bond ETF

Blackrock

2,627.39

60,002.92

4.38

11,854.85%

BND

Vanguard Total Bond Market ETF

Vanguard

2,273.13

117,824.03

1.93

13,939.42%

SPLG

SPDR Portfolio S&P 500 ETF

State Street Global Advisors

1,956.28

48,996.66

3.99

16,013.15%

RSP

Invesco S&P 500 Equal Weight ETF

Invesco

1,956.08

66,366.54

2.95

9,864.41%