Assets held in exchange-traded funds posted 10.6% growth in September, according to data collected by State Street Global Advisors.
ETF assets reached $885 billion in September, the unit of State Street Corp. said on Oct. 13. Thirty-three companies managed ETFs as of Sept. 30.
The three largest ETF managers nationally, BlackRock, State Street and Vanguard, collectively held 84% of the assets in the sector, an increase of 0.1 percentage point from Dec. 31.
State Street, which had $205.7 billion in ETF assets in 93 funds at Sept. 30, saw its share decline 1% from Jan. 1, and BlackRock, which had $411.98 billion, lost 1.4% in share.
Vanguard's market share grew 2.5% as its assets increased to $125.99 billion.
The top three ETFs in terms of asset size in September were the SPDR S&P 500, with $78.01 billion; SPDR Gold Shares, $54.89 billion, and iShares MSCI Emerging Markets $45.17 billion.
State Street said that dividend investing has been a major theme for advisers and their clients.
For example, the SPDR S&P Dividend ETF attracted $3.5 billion in assets through the first nine months of the year on $2 billion of inflows.
