Exchange-traded funds enjoyed $191 billion in net new flows in 2012, ending the year with $1.3 trillion in assets, according to new research from New York-based Strategic Insight.
Exchange-traded equities, both domestic and international, enjoyed gains across the board in 2012, ending the year at $1.1 trillion, up $139 billion for the year. This is double the $69 billion in net new flows ETFs secured in 2011.
Domestic ETFs totaled $775 billion in December, up $91 billion in net new flows for all of 2012, as compared to a $48 billion gain in 2011. International ETF ended 2012 with $323 billion in assets, fueled by $48 billion in net new flows for the year. That's more than double the $21 billion in net new flows enjoyed by 2011.
Exchange-traded bonds in 2012 totaled $$1.3 trillion, of which taxable bonds comprised $233 billion and tax-free bonds $12 billion. For the year, net new flows in taxable and tax-free bonds totaled $49 billion and $3 billion, respectively.
Turning to mutual funds, international equities totaled $1.7 trillion in assets in December, a gain of $23 billion in net new flows for all of 2012, as compared to $31 billion in 2011. Domestic equity mutual funds totaled $4.3 trillion in December, down $90 billion for all of 2012—a steeper fall than the $82 billion asset decline witnessed in 2011.
Counting both domestic and international mutual funds, assets totaled $6.1 trillion in December, down $67 billion for the year, following a $51 billion dip in 2011.
Mutual bond funds totaled $3.2 trillion in 2012, of which taxable bonds totaled $2.5 trillion and tax-free bonds $674 billion. For the year, net new flows into mutual fund taxable and tax-free bonds totaled $264 billion and $52 billion, respectively.
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