ETF Trends
ETF Trends

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.

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.