## [# Active ETFs Push Assets to All-Time Peak](/sections/news/active-etfs-push-assets-all-time-peak)
# Active ETFs Push Assets to All-Time Peak
ETFs with active strategies made up 19% of all ETF fund inflows in November.
[](/authors/lucy-brewster)
[By Lucy Brewster](/authors/lucy-brewster)
Jan 04, 2024
Edited by: Lou Carlozo
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As the stock market hit a positive turning point in 2023, assets in the $7.6 trillion ETF industry grew even further—reaching an all-time high by the end of last year.
Even though ETFs continue to draw assets from their mutual fund counterparts, total mutual fund assets grew 6.6% in the third quarter of last year, according to a [new report](https://www.cerulli.com/edge/us-monthly-product-trends-edge?j=191957&sfmc_sub=45817598&l=20_HTML&u=1840954&mid=534001842&jb=4&utm_source=MarketingCloud&utm_medium=email&utm_campaign=240104+USMPT+December+2023+PR&utm_content=The+Cerulli+Edge%E2%80%94U.S.+Monthly+Product+Trends) from Cerulli Associates. While mutual fund assets shot up to $17.7 trillion, they still saw outflows over November as the stock market realized gains driven by high-flying tech stocks.
## Record Year for ETF Inflows
November’s standout month for ETF inflows made 2023 a record year.
In two reports, ETF assets reached $7.6 trillion for the first time ever, according to Cerulli, [and $7.65 trillion, according to State Street Advisors](https://www.reuters.com/markets/us/us-etf-assets-hit-record-765-trillion-november-state-street-global-advisors-2023-12-01/). All funds globally had inflows of $967 billion as of Dec. 28, according to iShares, the ETF division of BlackRock Inc. iShares itself had global inflows of $186 billion, the most in the industry, the company said.
Much of the increase in ETF assets stems from the stock market’s recovery in the second half of 2023. The [S&P 500](https://www.etf.com/topics/sp-500) gained 9% in November after the Federal Reserve paused its interest-rate increases and Congress passed a budget that prevented a government shutdown. The tech-heavy [Nasdaq-100](https://www.etf.com/topics/nasdaq100-index) rose 11% in November, ending its streak of three straight losing months.
Yet the huge influx still did not compare to 2021’s investment frenzy. “When you put \[the flows\] into historical perspective, it's still not on par with the caliber of flows that we saw in 2021, for example,” [said](https://www.etf.com/sections/news/equity-funds-took-22b-last-month-morningstar) [Ryan Jackson](https://www.linkedin.com/in/ryan-jackson-cfa-a16879116/), a research analyst at Morningstar in a December interview. “But after sharp outflows last year and kind of a touch and go 2023, it’s a positive development,”
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## JEPI, Active ETF Growth
ETF assets saw their best month since December 2021 in November, as the funds brought in $135 billion over the month, according to information provided to etf.com by State Street Global Advisors. For the first time ever, active ETFs, including the wildly popular [**JPMorgan Equity Premium ETF (JEPI)**](https://www.etf.com/JEPI), saw about $26 billion in inflows over November, which made up 22% of all fresh money into ETFs.
*Contact Lucy Brewster at* .
[ Lucy Brewster Finance Reporter ](/authors/lucy-brewster)
Lucy Brewster is a finance reporter at etf.com covering asset managers, emerging technologies, and regulation. She hosts etf.com webinars and appears… [View Bio](/authors/lucy-brewster)
Related Topics [Equity](http://www.etf.com/topics/equity)
[Active Management](http://www.etf.com/topics/active-management)