U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo Acquire Licensing Rights

Sept 26 (Reuters) – As many as 18 new exchange-traded funds (ETFs) are scheduled to launch in the United States market this week, more than double the average weekly total of 8.5 so far this year.

The flurry of new offerings would bring the total of ETF launches this month to 57, a record for this year and handily beating the 53 that arrived on the market in September 2022, according to data from CFRA Research.

The products include five new ETFs from Capital Group, a cluster of eight from Brookstone Asset Management, and two from Dimensional Fund Advisors. Dimensional, which had been wary of ETFs until very recently, since 2020 has been converting some of its actively-managed mutual funds into ETFs and launching new products.

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