Active exchange-traded funds (ETFs) and similar products now have assets under management (AUM) of nearly US$110 billion after a 3% increase through November, according to latest figures.
AUM hit $109.39 billion (€871.87 billion) after $3.64 billion of net new assets flowed into actively managed ETFs and other exchange-traded products (ETPs) listed globally during the month.
The 3.11% rise in assets under management in the active ETF sector was explained by fund flows and market movements. November saw the S&P 500 gain 2.04% and most other developed markets made marginal gains, according to ETFGI, the ETF research house that issued the figures.
ETFGI said actively managed fixed income ETFs listed in North America continued to grow in popularity.
At the end of November 2018, there were 611 active ETFs and ETPs listed globally.
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