ETF Assets Up $84B in September

October 11, 2010 ( – U.S. ETF industry assets were up 10.6% or $84.8 billion to $885 billion, in September, according to State Street Global Advisors (SSgA).

According to SSgA data, gains in the Size and International categories accounted for the majority of the total September advance in ETF AUM. The Dividend/Fundamental category climbed 20.4%, or $4.1 billion.

Year to date, areas with significant positive asset growth are Commodities: up $16.4 billion, Fixed Income: up $33.1 billion, and Dividend/Fundamental: up $8.5 billion. Large Cap assets rose $25.8 billion, followed by Mid Cap, up $3.1 billion, State Street said.  

Technology, Energy, and Materials each rose more than $1 billion in absolute terms. All 10 sectors gained for the month. In particular, Information Technology was up 12.1%, Industrials were up 11.4%, and Consumer Discretionary was up 11.1%.

Meanwhile, according to State Street, the top three managers in the U.S. ETF marketplace were BlackRock, State Street, and Vanguard, which, collectively accounted for approximately 84% of the U.S.-listed ETF market.

The top three ETFs in terms of dollar volume traded for the month were the SPDR S&P 500 [SPY], iShares Russell 2000 [IWM], and PowerShares QQQ [QQQQ].

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