ETF Assets Top $3 Trillion

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Global assets invested in exchange traded funds (ETFs) and other exchange traded products (ETPs) totaled $3.445 trillion at the end of November. U.S. ETFs and ETPs were valued at $2.471 trillion.

Net new inflows of capital in December continue very strong, with a global total of $59.02 billion, according to a preliminary estimate from research and consultancy firm ETFGI.

At the end of November 2016, the Global ETF/ETP industry had 6,605 ETFs/ETPs, with 12,540 listings, assets of US$3.445 trillion, from 288 providers listed on 65 exchanges in 53 countries.

A co-founder and managing partner of ETFGI noted:

The US market had a good month in November with the S&P 500 up 3.7% and the DJIA increased 5.9%. The strong dollar caused currency headwinds for international markets …. The S&P Developed Ex-U.S. [broad market index] BMI declined 1.8% while the S&P Emerging BMI was down 4.7%. In Europe S&P Europe 350 gained 1.24% in November, with almost all the gains attributable to the U.K. pound rising faster than the British stock market fell. During November the VIX declined dramatically by 21.9%.

Through end of November, ETFs/ETPs have gathered a record amount of net inflows at$324.10 billion, up from the prior record of $317.05 billion reached in the first 11 months of 2015. Equity ETFs/ETPs have gathered the largest net inflows, with $168.63 billion, followed by fixed income ETFs/ETPs, which have gathered a record level of$104.87 billion.

In November, SPDR ETFs gathered the largest net ETF/ETP inflows, totaling $20.34 billion, followed by iShares with $18.50 billion and Vanguard with $10.85 billion in net inflows.

For the year to date, iShares gathered the largest net ETF/ETP inflows, $114.67 billion, followed by Vanguard with $83.45 billion and SPDR ETFs with $44.02 billion.