ETFs: Welcome To The $1 Trillion Club

It's official. Exhange traded products listed in the U.S., including ETFs and ETNs, surpassed $1 trillion in combined assets under management on Thursday. To be exact, the figure is $1.027 trillion, according to BlackRock BLK, owner of iShare, the largest U.S> ETF issuer. That lofty total includes 894 ETFs with $887.2 billion in AUM and 185 other exchange traded products with $115.5 billion AUM, according to Dow Jones. The BlackRock number shows a fair amount of growth in just a few weeks. U.S.-listed ETFs and ETNs had $947 billion in AUM at the end of last month, according to National Stock Exchange data. U.S. mutual funds had $11.5 trillion in AUM at the end of October, according to Barron's. The SPDR S&P 500 SPY, the first U.S. ETF, is still the biggest with almost $92 billion in AUM, Barron's reports.