Assets in the U.S. exchange-traded fund industry reached a new record of about $10.7 trillion at the end of January, surpassing the prior record of $10.6 trillion at the end of November, according to a Feb. 13 news release by independent research and consultancy firm ETFGI.

In January, the U.S. ETF industry amassed net inflows of $90.3 billion, the highest figure ever recorded, well ahead of the previous monthly record of $78.8 billion in January 2018.

Vanguard Group led with the highest net inflows in January, attracting some $36.1 billion in net inflows, followed by Blackrock’s iShares, which amassed $9.6 billion, and Invesco, which saw $7.7 billion in net inflows.

In January, State Street Global Advisors’ SPDR ETFs saw the largest net outflows, totaling $11.3 billion, followed by Direxion with $947 million and VanEck with $890 million in net outflows

“The S&P 500 index increased by 2.78% in January,” said Deborah Fuhr, managing partner, founder and owner of ETFGI, in the news release, referring to strong ETF inflows in the month. “The developed markets excluding the U.S. index increased by 4.7% in January. Germany (up 9.04%) and Sweden (up 8.81%) saw the largest increases amongst the developed markets in January. The emerging markets index increased by 0.3% during January. Colombia (up 17.3%) and Brazil (up 12.7%) saw the largest increases amongst emerging markets in January.”

ETFGI also said the ETF industry in the U.S. had 3,993 products from 372 providers listed on exchanges at the end of January.

Blackrock’s iShares is the largest ETF provider in the U.S. with $3.25 trillion in assets under management, comprising 448 ETFs, reflecting 30.3% market share. Vanguard is in second place with AUM of $3.1 trillion in only 88 ETFs and 28.9% market share.