For fixed-income funds, government bond ETFs/ETPs saw $2.6 billion in net inflows, followed by emerging bonds at $1.0 billion and corporate debt with $986 million. However, high-yield fixed income ETFs flows were slightly negative in November. Dodd Kittsley, global head of ETP research at BlackRock, notes that the withdrawals in high-yield bonds were still modest compared to the $11 billion inflows over the first 10 months, reports Chris Flood for Financial Times.
Overall, the global ETF/ETPs industry had 4,725 products, with 9,718 listings, and $1.89 trillion in assets, up 2.0% from October and up 23.8% year-to-date, across 208 providers on 56 exchanges.
After Vanguard’s aggressive cost cutting strategy, the fund provider has been experiencing robust inflows and is on track to become the fastest growing U.S. ETF provider for a third year running. In November, Vanguard had the largest ETF/ETP inflows with $7.7 billion, followed by iShares $7.2 billion and State Street Global Advisors $5.4 billion. Nevertheless, iShares attracted $68.4 billion year-to-date, followed by Vanguard with $54.0 billion and SSgA SPDR’s with $26.2 billion. [Vanguard Shift Puts Focus on ETF Benchmarks]
For more information on ETF assets, visit our ETF performance reports category.
Max Chen contributed to this article.