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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
December 04, 2015 at 07:22 AM
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