Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
The Markets December 10, 2010
ETFs Enjoy $7.2B November Inflows
Investors added $7.2 billion into U.S.exchange-traded funds (ETFs) in November, according to Strategic
Insight, an Asset International company.
Reported by Fred Schneyer
Flows were driven by equity ETFs, while bond ETFs saw net outflows. At the end of November, U.S. ETF assets stood at a record $940.5 billion, and are on pace to cross the $1-trillion mark some time in the first quarter of 2011, according to an SI news release.
“Roughly 84% of ETF assets are in equity ETFs, so any improvement in investor confidence that increases demand for equities will propel ETF flows and assets,” said Loren Fox, senior research analyst at Strategic Insight, in the announcement.