The Wall Street Bull statue covered in snow on Nov. 15, 2018.
- The growth of ETFs is a reflection of both the confidence of U.S. investors in financial markets and of the dwindling popularity of mutual funds.
- The fund that has enjoyed the biggest demand this year is the Vanguard S&P 500 ETF (VOO), which has raked in roughly $100 billion, according to FactSet.
- U.S. ETFs now have more than $10 trillion in assets overall, according to ETFGI.
A record year for the exchange-traded fund industry recently crossed another milestone, surpassing $1 trillion of total inflows for the first time, according to research firm ETFGI and the Investment Company Institute.
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The fund that has enjoyed the biggest demand this year is the Vanguard S&P 500 ETF (VOO), which has raked in roughly $100 billion, according to FactSet. The fastest-growing new fund is the iShares Bitcoin Trust (IBIT), which has attracted more than $34 billion since its launch in January.
The growth of ETFs is a reflection of both the confidence of U.S. investors in financial markets and of the dwindling popularity of mutual funds, which have seen more than $200 million of outflows this year, according to a Nov. 30 report from State Street Global Advisors. Some mutual fund managers have even been converting their products into ETFs.
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The previous record for U.S. ETF inflows was about $920 billion in 2021, and they now have more than $10 trillion in assets overall, according to ETFGI.
