In November, assets in exchange traded funds (ETFs) continued to increase, even amid a flat market.
Assets in U.S.-listed ETFs and exchange traded notes (ETNs) reached a record of $947 billion at November 2010 month-end. This is an increase of approximately 26% over November 2009 month-end when assets totaled $752 billion. [Choosing ETFs In A Slow Growth Economy.]
Some other highlights of the report include:
- ETF net cash inflows for the month totaled more than $11 billion, bringing the year-to-date total to approximately $99.7 billion.
- ETF assets ended the month with $933.6 billion under management, for a monthly gain of more than $6 billion.
- Vanguard received the bulk of net inflows, getting $6.8 billion while BlackRock took in nearly $1.3 billion, says Barron’s.
- The race between iShares MSCI Emerging Markets (NYSEArca: EEM) and Vanguard Emerging Markets (NYSEArca: VWO) continued – VWO got $1.7 billion, while EEM saw $619 million in outflows.
- At the end of November 2010, there were 1,092 listed products. [November ETF Performance Reports.]
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.