The U.S. exchange-traded fund (ETF) market has reached a monumental milestone with total assets exceeding $10 trillion.
The surge was fueled by a staggering $691 billion in inflows this year alone, Bloomberg reported.
This impressive surge puts ETF inflows on track to shatter the previous record of $900 billion, setting the stage for a record year.
As of the end of August 2024, the market had a strong performance, with a total of $71 billion flowing into ETFs during the month, according to data from ETF.com. The following leaders were at the forefront: Vanguard S&P 500 ETF VOO and Vanguard Information Tech ETF VGT,on the other hand, SPDR S&P500 spy experienced significant spills.
It's clear that ETFs are becoming the go-to investment vehicle as investors diversify their portfolios.
This year's top gainers include the Vanguard S&P 500 ETF, which tracks the S&P 500 index; iShares Core S&P500ETF IVV. The Vanguard S&P 500 ETF has achieved great success, attracting over $60.5 billion in net flows and boasting an impressive $503 billion in assets under management (AUM). This represents 12.04% of AUM and is a testament to the confidence investors have in the S&P 500's performance.
This is closely followed by the iShares Core S&P 500 ETF with approximately $43.4 billion in net flows. Vanguard Total Stock Market Index Fund ETF VTI It raised a huge amount of $21 billion.
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The technology sector is not left behind either. Invesco QQQ Trust QQQ It has collected nearly $20.9 billion this year, indicating strong interest in technology stocks.
The ripples are also spreading in the virtual currency world, with the influx of cryptocurrencies being remarkable. iShares Bitcoin Trust ibitwhich has raised approximately $20.9 billion and an astonishing 98.63% of its assets under management.
These trends make it clear that ETFs continue to be a major player in the investment landscape, offering investors diverse choice and strategic exposure to different sectors.
As the market evolves, one thing is certain. The ETF party has just begun.
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