Exchange traded funds (ETFs) already make up a large chunk of daily trading activity on U.S. exchanges, and the number is not getting any smaller.
The average daily trading volume for U.S. ETFs through September was up 15.5% from the same time last year, says Deborah Fuhr of BlackRock. This amounts to $52.9 billion worth of transactions in a typical day. [The ETF Supermarket Has Arrived.]
In September alone, U.S. ETF “turnover” activity represented some 25.9% of all U.S. equity trading, 24.7% higher than in December 2009, reports Murray Coleman for Barron’s. [ETF Closures Not Affecting Industry Growth.]
Other points in Fuhr’s latest research to clients included U.S. data showing:
- Year-to-date, the number of ETFs increased by 15.3% with 149 new ETFs launched; 31 ETFs were closed.
- The top 100 ETFs account for 83.1% of total assets.
- The largest provider is still iShares — both in products (214 ETFs) and assets ($399.5 billion), representing 50.1% of the overall market. State Street is in second and Vanguard is third.
Tisha Guerrero contributed to this article.
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