The global ETF industry continued its strong growth momentum in November, reaching a record high of $10.99 trillion in assets under management. This represents an 18.7% increase from the end of 2022 and is the second highest year on record.
Net inflows into the sector also remained strong in November, reaching $140.46 billion. This brings year-to-date net inflows to $803.11 billion, the second highest on record since 2021.
Equity ETFs remained the most popular type of ETF in November, attracting net inflows of $74.49 billion. Fixed income ETFs also performed well, with net inflows of $32.44 billion. However, commodity ETFs saw net outflows of $1.85 billion.
Active ETFs were also a major driver of growth in November, attracting net inflows of $34.82 billion. This brings year-to-date net inflows into active ETFs to a record $166.94 billion.
The top 20 ETFs by net asset value added contributed a combined $62.70 billion in net inflows in November. the Vanguard S&P 500 ETF was the largest contributor with $6.54 billion in net inflows.
The SPDR Gold Shares was the largest single net contributor among the top 10 ETPs, attracting $1.09 billion.
Deborah Fuhr, Managing Partner, Founder and Owner of ETFGI, commented on the sector’s strong performance: “The S&P 500 Index was up 9.13% in November, and has a 20.8% annualized gain for 2023. The Developed Markets ex-USA index rose 9.75% in November and is up 11.65% for the year 2023. Israel and Sweden were the largest developed market decliners in November. Emerging Markets gained 7.19% in November and are poised for a 6.98% annual gain in 2023. Egypt and Brazil were the top emerging market gainers in November.
Overall, the global ETF industry is in a strong position and well-positioned for continued growth in the coming years.
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