The global ETFs industry achieved a milestone with assets reaching a record US$10.99 trillion at the end of November, according to research.
According to ETFGI’s November 2023 global ETFs industry landscape insights report, the industry achieved a new milestone, surpassing the previous record of $10.86 trillion at the end of July 2023. Assets increased by 18.7% year-to-date, rising from $9.26 trillion at the end of 2022.
In November alone, the global ETFs industry attracted net inflows of $140.46 billion, contributing to year-to-date net inflows of $803.11 billion. Despite being the second-highest on record, it fell short of the $1.14 trillion in year-to-date net inflows seen in 2021. This marks the 54th consecutive month of net inflows.
Notable trends in November included equity ETFs reporting net inflows of $74.49 billion and fixed income ETFs gathering $32.44 billion, while commodities ETFs/ETPs experienced net outflows of $1.85 billion.
Active ETFs played a significant role, attracting $34.82 billion in net inflows during the month and accumulating $166.94 billion year-to-date, surpassing the $110.25 billion seen in 2022.
The top 20 ETFs by net new assets, led by Vanguard S&P 500 ETF with $6.54 billion, collectively contributed $62.70 billion in net inflows during November. SPDR Gold Shares secured the largest individual net inflow among the top 10 ETPs, attracting $1.09 billion.
Deborah Fuhr, managing partner, founder and owner of ETFGI, commented: “The S&P 500 index was up 9.13% in November and is up 20.8% YTD in 2023. Developed markets excluding the US index increased by 9.75% in November and is up 11.65% YTD in 2023. Israel and Sweden saw the largest decreases amongst the developed markets in November. Emerging markets increased by 7.19% during November and were up 6.98% YTD in 2023. Egypt and Brazil saw the largest increases amongst emerging markets in November.”
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