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December 30, 2016 at 03:47 AM
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%.”
