Assets invested in the ETF industry in the U.S. rose 24.7% in 2023 to a record $8.12 trillion, said ETFGI, a London-based research and consulting firm.
That $8.12 trillion in assets as of the end of December topped the previous monthly record of $7.65 trillion set at the end of November, ETFGI said in a Jan. 18 news release.
The U.S. ETF industry had assets totaling $6.51 trillion at the end of 2022, a news release said.
U.S.-listed ETFs had $130 billion of net inflows in December, their 20th consecutive month of net inflows, according to ETFGI. In 2023, net inflows totaled $604 billion, the third-highest annual net inflows behind the $919.8 billion recorded in 2021 and the $607.3 billion in 2022, according to ETFGI.
In the U.S., ETFs have become "the preferred investment product" for many financial advisers and retail investors, said Deborah Fuhr, managing partner and founder of ETFGI, in an email.
"I believe the trends in terms of investor preferences and more types of ETFs being offered will continue in 2024 and beyond," Fuhr said.
