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