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December 27, 2018 at 10:46 AM
ETFs finally saw inflows on the positive side in November, although it wasn’t exactly a number to boast about.
According to the December 2018 issue of The Cerulli Edge—U.S. Monthly Product Trends Edition, mutual fund assets had growth of 0.6% in November — with ETF products experiencing the second largest net flow of the year at $47 billion.
Actively and passively managed mutual funds, the report says, did see asset growth, but actively managed funds just barely scraped by with assets rising just 0.3% to just under $11.2 trillion; passively managed funds, on the other hand, rose 2.4% to $6.9 trillion. Both management styles’ assets are still below pre-October highs.
Mutual fund assets stood at $14.5 trillion with one month left in the year, with year-to-date total assets rising 4.9%.
Eroding asset growth, says the report, were net negative flows of $49.5 billion — although November brought “a rebound of sorts,” with total assets rising approximately 2.9%. That was after an October in which ETF assets fell approximately 6.2%.
