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US ETF assets reach new record

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ETF data provider ETFGI reports that assets invested in ETFs/ETPs listed in the United States have increased 24.2 per cent in the first nine months of the year to reach a new record of USD3.166 trillion at the end of September 2017.

The US ETF/ETP industry had 2,035 ETFs/ETPs, from 117 providers on four exchanges. ETFs and ETPs listed in the United States gathered USD36.06 billion in net inflows in September marking 20 consecutive months of net inflows and a record level of USD335.67 billion in year to date net inflows which is more than the USD152.57 billion in net inflows at this point last year and USD56.92 billion more than the USD278.75 billion net inflows gathered in all 2016.

“The US market typically has performed poorest during the month of September,” says Deborah Fuhr (pictured), Managing Partner and co-founder of ETFGI.

“This year the S&P 500 was up 2.06 per cent in September and is up 14.24 per cent year to date. The S&P 500 Value outperformed S&P 500 Growth up 3.28 per cent and 1.11 per cent respectively, furthering the perception of stronger economic fundamentals. Energy and Financials were September’s top performing sectors, up 9.94 per cent and 5.14 per cent, respectively. The S&P Developed Ex-U.S. BMI gained 2.57 per cent in September and is up 20.76 per cent year to date. Emerging markets declined 0.55 per cent in September due to headwinds including a rising dollar but is up 26.95 per cent year to date. The uncertainty of Brexit negotiations and North Korea are still areas of concern for investors.”

Equity ETFs/ETPs gathered USD22.51 billion in net inflows in September, bringing year to date net inflows to a record level of USD227.37 billion, which is much greater than the net inflows of USD53.63 billion over the same period last year and more than the USD173.16 billion gathered in all 2016.

Fixed income ETFs and ETPs gathered a record level of USD10.24 billion in net inflows in September, growing year to date net inflows to a record level of USD91.83 billion, which is greater than the same period last year which saw net inflows of USD68.35 billion.

Commodity ETFs/ETPs saw net inflows of USD2.63 billion in September. Year to date, net inflows are at USD771 million, compared to net inflows of USD22.22 billion over the same period last year.
 
iShares gathered the largest net ETF/ETP inflows in September with USD17.13 billion, followed by Vanguard with USD9.77 billion and SPDR ETFs with USD4.41 billion net inflows.
 
YTD, iShares gathered the largest net ETF/ETP inflows with USD159.33 billion, followed by Vanguard with USD105.09 billion and Schwab ETFs with USD19.87 billion net inflows.

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