US ETF and ETP assets top $1trn mark

As of 16 December, the US had 894 ETFs with assets of $887.2bn and 185 ETPs on $115.5bn, combining to surpass $1trn for the first time. The figures indicate a growth in assets of over $209bn and a net increase of 165 products year-to-date - including 49 ETF delistings. The success of US ETFs and ETPs has been largely due to interest in North American and emerging market equities, with diminishing focus on fixed income and commodities. Net new flows into North American equity products stood at $6.4bn in November, compared to just under $2bn through the whole of 2009. Over the year ...