Investors poured more than $26 billion into U.S.-listed ETFs in November, the majority of which landed in U.S. equity funds.
In recent months, appetite for U.S. stock exposure has been strong among ETF investors despite the fact that the S&P 500 is up merely 1% year-to-date. It seems that concerns about the global economy—renewed after the terrorist attacks in Paris last month—sluggish commodities prices and a slowdown in China have investors focused on the domestic front.
So far this year, more than $201 billion has flowed into U.S.-listed ETFs, putting within reach 2014’s asset-gathering record of $243 billion if December sees strong creations.
November also saw a complete reversal in demand for U.S. fixed-income ETFs. Last month, the asset class bled a net of $433 million in assets. Just a month prior, U.S. fixed income was the most popular ETF segment, raking in more than $11 billion.
As the market anticipates the Federal Reserve’s first interest-rate hike in some seven years, some of the biggest redemptions in November were funds tapping into various spots on the Treasury yield curve, from one- to three-month, the one- to three-year, the seven-to 10-year and 20+ years.
Still, the most popular ETF last month was an aggregate bond strategy, the iShares Core U.S. Aggregate Bond (AGG | A-98), which gathered $2.6 billion.
Total U.S.-listed ETF assets ended November at $2.150 trillion.
Contact Cinthia Murphy at [email protected].
|AGG||iShares Core U.S. Aggregate Bond||BlackRock||2,640.16||30,041.90||7,446.71|
|IWB||iShares Russell 1000||BlackRock||2,524.65||15,100.11||5,139.73|
|IWM||iShares Russell 2000||BlackRock||2,400.95||29,238.71||70,349.41|
|IEFA||iShares Core MSCI EAFE||BlackRock||1,634.78||8,701.90||2,957.36|
|EFA||iShares MSCI EAFE||BlackRock||1,016.70||58,435.66||23,687.10|
|VOO||Vanguard S&P 500||Vanguard||929.69||39,510.41||7,516.99|
|USO||United States Oil||US Commodity Funds||890.46||3,291.78||7,412.61|
|VEA||Vanguard FTSE Developed Markets||Vanguard||831.34||28,940.20||4,213.51|
|IWF||iShares Russell 1000 Growth||BlackRock||824.52||31,123.66||4,732.25|
|QQQ||PowerShares QQQ||Invesco PowerShares||702.44||43,058.51||63,163.12|
|SHY||iShares 1-3 Year Treasury Bond||BlackRock||-1,515.29||11,335.33||5,340.95|
|XLU||Utilities Select SPDR||SSgA||-890.59||5,740.17||10,845.00|
|IEF||iShares 7-10 Year Treasury Bond||BlackRock||-866.87||8,315.07||4,120.46|
|JNK||SPDR Barclays High Yield Bond||SSgA||-756.89||10,715.67||7,922.97|
|EEM||iShares MSCI Emerging Markets||BlackRock||-584.51||21,971.95||42,917.06|
|BIL||SPDR Barclays 1-3 Month T-Bill||SSgA||-566.51||2,179.06||2,211.68|
|TLT||iShares 20+ Year Treasury Bond||BlackRock||-539.07||6,024.51||15,203.97|
|BKLN||PowerShares Senior Loan||Invesco PowerShares||-495.85||4,320.28||1,052.25|
|XLP||Consumer Staples Select SPDR||SSgA||-459.51||7,825.49||8,625.18|
|Asset Class||Net Flows ($M)||AUM ($M)||% of AUM|
|U.S. Fixed Income||-433.20||329,655.23||-0.13%|
|International Fixed Income||917.79||27,622.49||3.32%|