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US ETFs, ETPs Reach Record Assets With Strong November Flows

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Assets invested in exchange-traded funds and products listed in the U.S. set a new record of $2.5 trillion in November, according to ETFGI, a research and consultancy firm.

Net new assets amounted to $48.1 billion, the ninth consecutive month net flows.

Assets under management in globally listed ETFs/ETPs also reached a record in November, $3.4 trillion, with were very strong net flows of $59 billion, marking the 34th consecutive month of net inflows.

The U.S. sector at the end of November had 1,945 funds and products from 102 providers listed on three exchanges.

The global industry had 6,605 funds and products from 288 providers, with 12,540 listings on 65 exchanges in 53 countries. 

“The U.S. market had a good month in November with the S&P 500 up 3.7% and the DJIA increased 5.9%,” ETFGI’s co-founder and managing partner Deborah Fuhr said in a statement.

“The strong dollar caused currency headwinds for international equity markets. The S&P Developed Ex-U.S. [broad market index] declined 1.8%, while the S&P Emerging BMI was down 4.7%.”

Fuhr noted that the Chicago Board Options Exchange’s volatility index (VIX) sharply declined, by 21.9%.

In November, U.S.-listed equity funds and products gathered the largest and a record level of $49.5 billion in net inflows, with most of the money going into products providing exposure to the U.S equities, ETFGI reported.

Fixed income ETFs/ETPs followed, with $2.8 billion in net flow, while commodity products experienced net outflows of $2.6 billion.

For the year to date through November, ETFs/ETPs have taken in a record $219.4 billion in net inflows, surpassing the previous 11-month record of $201.9 billion. Equity funds and products led with $115.8 billion of net inflows, followed by fixed income funds and products with $74.5 billion in net inflows and commodity funds with $20.9 billion in net inflows.

For the year through November, iShares gathered the largest net ETF/ETP inflows at $84.5 billion, ahead of Vanguard’s $76.2 billion and SPDR ETFs’ $35.6 billion net inflows.

— Check out The Best and Worst ETFs of 2016: Morningstar on ThinkAdvisor.


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