US ETPs recover in October

US-listed ETFs and ETNs recovered lost assets during October, according to the National Stock Exchange.

They ended the month at $1.08trn having slipped below the trillion dollar mark in September.

Net cash inflows for the month totalled $23.9bn, taking the year-to-date inflows to $101.6bn. This compares with monthly inflows of just $4.6bn in September.

Notional trading volumes for the month totalled $2trn, representing more than 34% of all US equity trading volume.

At the end of the month, assets had experienced a 15% increase compared to October 2010.

BlackRock topped the asset charts at the end of the month, with AUM of more than $456.6bn, followed by State Street Global Advisors with more than $269.6bn, Vanguard and Invesco PowerShares took third and fourth place, respectively.

The top 10 providers by assets are all ETF providers. Barclays was the top ETN provider, with assets of $6.85bn.