Assets in U.S.-listed exchange-traded funds and products reached a record of $2.4 trillion at the end of this year’s third quarter, according to industry research firm ETFGI. Seven consecutive months of net inflows into ETFs/ETPs has fueled the growth, including $13.6 billion of inflows during September.
It seems that ETFs/ETPs are on a roll across the planet, as record asset levels as of the third quarter were also reached globally ($3.4 trillion), in Europe (nearly $567 billion) and in Asia Pacific ex-Japan (roughly $132 billion).
Through the third quarter, the U.S. ETF/ETP industry had 1,932 products on the market from 97 providers listed on three exchanges.
BlackRock’s iShares unit is the industry’s largest player with $938 billion in assets, or almost 39 percent of the market, followed by Vanguard at $578 billion and 24 percent market share, and State Street Global Advisors’ SPDR ETFs with $458 billion and 19 percent market share. The top three providers control 81 percent of assets invested in U.S.-listed ETFs/ETPs.