Investors are directing money into U.S.-based exchange-traded funds at a rapid clip, pushing inflows so far this year across the $1 trillion line, State Street Investment Management said on Tuesday.
That puts U.S. ETF inflows on pace to set a new annual record of as much as $1.4 trillion by the end of 2025, State Street said, with virtually every category benefitting from the torrent of new cash as investors continue to yank money out of traditional mutual funds in favor of lower-cost and more liquid ETFs.