Exchange-traded funds topped $1.3 trillion in assets November of 2012, new research reveals.
Strategic Insight, New York, published this finding in its latest monthly survey of ETFs and mutual fund flows.
Net new flows of assets into ETFs reached $14 billion in November. These included domestic equity funds ($4 billion), international equity funds ($5 billion), taxable bond funds ($5 billion) and tax-free bond funds ($0.5 billion).
For the year to date, net new ETF flows totaled $152 billion, of which domestic equity flows comprised the largest component at $69 billion. International equity flows for the year to date totaled $31 billion.
Net new flows into taxable bond funds reached $49 billion for the year. And tax-free bond flows attained $3 billion.