Exchange traded funds and notes listed in the U.S. saw inflows of nearly $24 billion in October as assets under management in the fast-growing business climbed back above $1 trillion.
According to the National Stock Exchange, ETFs and ETNs held $1.081 trillion in assets at the end of October, a 15% jump year-over-year and a 11% gain month-over-month when assets totaled $973 billion in September.
ETPs saw net cash inflows of $23.9 billion in October, garnering $101.6 billion in total net cash inflows from the start of 2011. U.S. equity ETPs experienced the largest gains at almost $16 billion, which contrasts with the $3.9 billion lost in U.S. equity ETPs in September.
Meanwhile, commodity ETPs were the biggest losers in October, leaking $578 million in assets.