Exchange traded fund (ETF) assets have been on the mend for much of this year, and the month of September was no exception.
By the end of September, U.S.-listed ETF assets hit an all-time high of $607 billion. There are 710 U.S. listed ETFs to choose from, and of the total, 54 were added last month.
Total year-to-date assets are up 22.1% from one year ago, while mutual fund assets have declined by $50.8 billion. The total number of de-listed U.S. ETFs year-to-date is at 42.
As the health of the ETF industry is restored, the leveraged and inverse U.S. listed ETFs have also regained their momentum. Joe Morris for Ignites reports that leveraged and inverse ETF assets rose to $29.3 billion, up 1.9% for the month.
For more stories about ETF assets, visit our ETF 101 category.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.