Assets invested in exchange-traded funds and exchange-traded products listed in the United States reached a new record high of $2,471bn at the end of November 2016, according to research from London-based ETF consultant ETFGI.
US-listed ETFs/ETPs gathered $48.1bn in November, marking the 9th consecutive month of positive net inflows for the country. Equity ETFs/ETPs gathered the largest and a record level of $49.5bn in net inflows. The majority of money went into products providing exposure to US equities, highlighting the bullish sentiment for local risk-on assets following Donald Trump’s victory in the US Presidential election.
Fixed income ETFs/ETPs gathered $2.78bn, while commodity ETFs/ETPs experienced net outflows of $2.6bn during the month.
iShares was the most successful gatherer of net new assets in November with inflows of $17.6bn, followed by SPDR ETFs with $17.5bn and Vanguard with $9.7bn net inflows.
Year-to-date (YTD) through end of November 2016, US-listed ETFs/ETPs gathered a record level of $219.4bn in net inflows, surpassing the prior record of YTD net inflows of $201.9bn. Equity ETFs/ETPs gathered the largest net inflows YTD with $115.8bn, followed by fixed income ETFs/ETPs with a record level of $74.5bn, and commodity ETFs/ETPs also with a record level of $20.9bn.
YTD, iShares pulled in the largest net ETF/ETP inflows at $84.5bn, followed by Vanguard with $76.2bn and SPDR ETFs with $35.6bn net inflows.
At the end of November 2016, the US ETF/ETP industry had 1,945 ETFs/ETPs, with 1,945 listings, from 102 providers listed on three exchanges.
Record levels of assets were also reached at the end of November for ETFs/ETPs listed globally at $3,445bn and in Canada at $83.4bn.