The day after Independence Day, the U.S. market passed the milestone for $4 trillion in assets under management. That amount is spread across 2,275 ETFs issued by 158 different firms. The total amount of assets in U.S.-listed ETFs hit $3 trillion about two years ago in June 2017.
Interestingly, the No. 2 issuer, Vanguard, reached $1 trillion in assets under management in its ETF operations just a week before.
Of course, U.S. markets are at all-time highs, which has helped drive up the amount of assets invested in U.S. ETFs.
The first U.S.-listed ETF, the SPDR S&P 500 ETF Trust (SPY), which tracks the definitive index for the U.S. market, launched in 1993, more than 25 years ago. Today SPY remains the largest ETF in the world by a wide margin, with $272 billion in assets. That fund alone represents almost 7% of the total amount of U.S. ETF assets.
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