In the fixed-income space, ETF investors pulled out of Treasury bond funds to the tune of $4.4 billion, followed by about $600 million from high-yield corporate debt-related funds, in anticipation of the start to interest rate normalization. Nevertheless, ETFs that track investment-grade corporate debt, municipal bonds and broad aggregate bond indices helped pare some of the outflows.
U.S.-listed bond ETFs saw about $300 million in outflows for the month. [November’s Treasury ETF Dump Sparks Concern]
Meanwhile, traders may have been trying to time a market bottom in the oil commodities space, throwing $1.6 billion into energy-related ETFs. However, investors also yanked $1.4 billion out of gold-related ETFs ahead of the potential December rate hike.
All-in-all, U.S.-listed exchange traded products attracted $26 billion in net inflows as of the end of November. The U.S. ETF universe has expanded by $194.9 billion year-to-date and held close to $2.15 trillion in assets under management.
Looking across the globe, global-listed ETPs attracted $28.2 billion in inflows over November and $302.4 billion year-to-date for a total of $2.98 trillion in assets under management.
For more information on the ETF market, visit our ETF performance reports category.
Max Chen contributed to this article.