The Markets
ETF Investors Pile On $26B in September Asset Growth
Investors added $26 billion to U.S. exchange-traded
funds (ETFs) in September, resuming the trend of monthly net inflows
interrupted by $1 billion in August outflows, according to Strategic
Insight, an Asset International company.
Reported by PLANADVISER staff
According to SI, in the first nine months of 2010, ETFs (including ETNs) took in $73 billion in flows. At the end of September, U.S. ETF assets stood at a record $897 billion.
“We stick by our prediction, made over a year ago, that U.S. ETF assets would hit $1 trillion by the end of 2011,” said Loren Fox, a senior research analyst at Strategic Insight. “Recent developments, such as the spread of commission-free ETF trading at certain brokerages, should only accelerate the growth of ETFs.”