Gold also bled $4.5 billion over the month as higher rates, strengthening USD and improving prospects for economic growth weighed on safe-haven demand.
Meanwhile, emerging market assets were among the least popular investments, with emerging market stock ETFs losing $3.2 billion and emerging debt shedding $3.3 billion as the U.S. dollar strengthened on rising rate bets.
Year-to-date flows jumped to $321.2 billion as of the end of November, which is already ahead of 2015’s record-setting pace. The global ETP industry now manages $3.4 trillion in assets under management.
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