ETFs in the US had inflows of around $25.4bn in September with funds tracking US stocks gathering the most assets, according to Morningstar.
A report by the firm shows ETFs based on US stocks saw inflows of $16.7bn. Year-to-date, the US ETF market saw inflows of $64.9bn.
Inflows into the highly traded SPDR S&P 500 and PowerShares QQQ funds fuelled asset gains for US stocks overall, although the predominant theme is investor appetite for dividends. Other funds which have seen increased demand are the iShares Dow Jones Select Dividend and Vanguard Dividend Appreciation ETFs.
The report shows TIPS ETFs saw outflows on deflationary concerns, while commodities and REIT ETFs, which serve as an inflation hedge, have risen in popularity. The iShares Dow Jones US Real Estate fund and the Vanguard Dividend Appreciation ETFs have seen a spike in demand over the last few months.
Gold ETFs are still popular, although silver has led the precious metals charge, with the iShares Silver Trust garnering more than $421m in September.
The report shows the emerging markets remain popular, with over $12.5bn flowing into ETFs covering broad emerging market indices in September.
In contrast, ETFs tracking developed international markets continued to see outflows.
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