ETF flows on the Charles Schwab brokerage platform reveals increasing demand for the investment vehicle.
ETF assets at Schwab rose to $380 billion in September, compared to $292 billion at the end of the same month last year, or an overall 12-month increase of 30%.
Registered Investment Advisor clients saw the greatest year-over-year demand, with ETF assets rising to $201 billion from $154 billion, or a 31% increase from last September. Meanwhile, retail investors at Schwab held $132 billion, compared to $104 billion a year ago, or a 27% rise. Lastly, retail traders held $47 billion at Schwab from $34 billion last year, or a 37% increase.