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Investing October 12, 2010
ETF Investors Pile On $26B in September Asset Growth
October 12, 2010 (PLANSPONSOR.com) – Investors poured an additional $26 billion into 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 PLANSPONSOR 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.”
More information is at www.sionline.com.