Assets invested in ETFs/ETPs listed in the US achieved a record high of $2.549 trillion at the end of 2016, according to data released by independent research and consultancy firm ETFGI.
Overall the ETF/ETP industry in the US comprised 1,969 ETFs/ETPs, $2.549 trillion in assets at the end of 2016, from 105 providers listed on 3 exchanges.
US ETFs and ETPs recorded net inflows of $59.37bn for December, representing the tenth consecutive month of net inflows, and year to date net inflows of $278.74bn.
Equity ETFs/ETPs brought net inflows of $55.92bn in December and year to date net inflows of $171.74bn, which is slightly lower compared to net inflows of $172.71bn a year ago.
Fixed income ETFs and ETPs brought net inflows of $6.01bn in December and year to date net inflows of $80.50bn, which is greater than $50.28bn in the prior year.
Commodity ETFs/ETPs brought net outflows of $2.99bn in December. Net inflows reached $17.9bn in 2016, compared to net inflows of $249m a year ago.
Meanwhile, a total of 129 ETFs/ETPs were shut down, representing the largest number of closures during a year.
ETFGI co-founder and managing partner Deborah Fuhr said: “2016 was an eventful year with a number of unexpected outcomes – the UK vote for Brexit to leave the European Union and the election of Trump as the US President.The S&P 500 gained 12.0% while the DJIA increased 16.5% for the year. All US sectors performed positively for the year, with the exception of Health Care.”