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To commemorate U.S.-listed ETF assets crossing the $10 trillion mark for the first time, here's a look at the evolution of their share of the combined mutual fund and ETF market--which stood at 32.4% as of the end of August. Source: @MorningstarInc Direct. Data as of Aug. 31,… https://t.co/5DRNGKyas3
US ETF assets officially hit $10tril... First ETF, SPY, launched in Jan 1993. $1tril - Dec 2010 $2tril - Dec 2014 $3tril - Jul 2017 $4tril - Jul 2019 $5tril - Nov 2020 $6tril – April 2021 $7tril – Nov 2021 $8tril - Dec 2023 $9tril – May 2024 $10tril – Sept 2024 What a ride.
Assets held by ETFs in the US hit $10 TRILLION for the 1st time ever https://t.co/hu6jwFPvly https://t.co/f5rnbC5ZEq
Assets held by exchange-traded funds (ETFs) in the US have reached a significant milestone, hitting $10 trillion for the first time. The ETF industry has seen rapid growth, doubling its assets in just 3.7 years, a shorter period compared to the usual five years. The top three ETF issuers now control 75% of the market share, with iShares striving to maintain its lead over Vanguard. Fidelity has also entered the top 10 issuers. The first ETF, SPY, was launched in January 1993, and the industry has grown steadily, reaching $1 trillion in 2010 and $10 trillion in September 2024. ETFs now hold double the assets of index mutual funds. As of August 31, ETFs accounted for 32.4% of the combined mutual fund and ETF market.
