Investors allocated $26.3 billion to U.S.-listed exchange-traded funds in November, with the majority of the inflows landing in U.S. equity funds, ETF.com reported Monday.
Asset gathering by U.S.-listed funds this year totals more than $201 billion, putting it on track to reach last year’s record of $243 billion.
The report noted that in recent months, appetite for U.S. stock exposure has been strong among ETF investors even though the S&P 500 has gained only 1% year to date.
It said concerns about the global economy — renewed after the Paris massacre last month — sluggish commodities prices and a slowdown in China had likely focused investors on the domestic front.
ETF.com’s report said that U.S. fixed-income ETFs flip-flopped from gainers to losers in November, hemorrhaging $433 million in assets after having taken in some $11 billion the month before.
As the market anticipates the Federal Reserve’s first interest-rate hike in some seven years, the report said, some of November’s biggest redemptions were from ETFs that tapped into various spots on the Treasury yield curve, from one- to three-month, the one- to three-year, the seven-to 10-year and 20-plus years.
Despite the fixed income outflows, November’s most popular ETF was an aggregate bond strategy.
Following are the funds with the largest inflows and outflows in November, according to ETF.com data.
Top 10 Gainers
- iShares Core U.S. Aggregate Bond (AGG), BlackRock: $2.6 billion
- iShares Russell 1000 (IWB), BlackRock: $2.5 billion
- iShares Russell 2000 (IWM), BlackRock: $2.4 billion
- iShares Core MSCI EAFE (IEFA), BlackRock: $1.6 billion
- iShares MSCI EAFE (EFA), BlackRock: $1 billion
- Vanguard S&P 500 (VOO), Vanguard: $930 million
- United States Oil (USO), US Commodity Funds: $890 million
- Vanguard FTSE Developed Markets (VEA), Vanguard: $831 million
- iShares Russell 1000 Growth (IWF), BlackRock: $825 million
- PowerShares QQQ (QQQ), Invesco PowerShares: $702 million
Top 10 Losers
- iShares 1-3 Year Treasury Bond (SHY), BlackRock: $1.5 billion
- SPDR Gold (GLD), State Street Global Advisors: $1.3 billion
- Utilities Select SPDR (XLU), SSGA: $891 million
- iShares 7-10 Year Treasury Bond (IEF), BlackRock: $867 million
- SPDR Barclays High Yield Bond (JNK), SSGA: $757 million
- iShares MSCI Emerging Markets (EEM), BlackRock: $585 million
- SPDR Barclays 1-3 Month T-Bill (BIL), SSGA: $567 million
- iShares 20+ Year Treasury Bond (TLT), BlackRock: $539 million
- PowerShares Senior Loan (BKLN), Invesco PowerShares: $496 million
- Consumer Staples Select SPDR (XLP), SSGA: $456 million
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