“Very strong” inflows into exchange-traded funds (ETFs) and similar products saw their assets under management globally reach $3.45 trillion (€3.30 trillion) at the end of November.
Equity ETFs and exchange-traded products (ETPs) saw net inflows of $64.74 billion in November with the majority of new money going into US equity funds, while fixed income products had net outflows of $333 million.
Active ETFs/ETPs gathered a “record” level of $1.09 billion, according to the figures from ETFGI, which tracks ETF flows.
In the year to the end of November net inflows to all asset types stood at $324.1 billion, up from the prior record of $317.05 billion.
Equity ETFs and ETPs had gathered the largest net inflows during 2016 at the end of November, with $168.63 billion, followed by fixed income.
In November, SPDR ETFs gathered the largest net ETF/ETP inflows of $20.34 billion, followed by iShares with $18.50 billion and Vanguard with $10.85 billion in net inflows.
However, for the year iShares gathered the largest inflows of $114.67 billion.
©2016 funds europe
