Investors continued to deploy money that’s been on the sidelines for the last year back into the markets, and exchange traded funds (ETFs) reaped the rewards. Assets in November hit a new record for the industry.
Investors continued to come out of the woodwork in November and take advantage of the market’s run, as ETF assets hit a new record. By the end of November, ETFs had $751,962 billion in assets, up from $707,437 billion in October. Last November, there were $487,593 billion assets in ETFs, a 54% jump, according to numbers from National Stock Exchange.
Other interesting notes from the NSX report include:
- Assets in fixed income crossed the $100 billion mark for the first time, settling at a total of $104 billion, an increase 0f more than 100% from a year earlier
- More than 400 ETFs posted net cash inflows in November
- Overall ETN/ETF net cash inflows totaled about $17.5 billion, which is the highest monthly total so far this year
At the end of November, there were 819 ETFs, up from 796 in October and 753 a year ago November. Long-only commodity ETFs assets increased by 13% over October, due in part to the run-up in gold and other commodity prices. (Will the gold rush last?).
For more ETF performance reports, visit our ETF Performance Reports category.
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