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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
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.”