ETFs Increase by $12B in November

According to the most recent “ETF Snapshot” report from State Street Global Advisors (SSgA), Europe experienced inflows of $3.3 billion in November, increasing its year-to-date inflows to $16.8 billion. The Asia-Pacific region had outflows $0.2 billion, decreasing its year-to-date inflows to $12.5 billion.

With regard to global performance by assets class, MSCI AC World IMI increased 1.4%, while MSCI EAFE gained 0.8%. Emerging markets lost 1.5%, while emerging markets small cap decreased 1.9%. 

U.S. large-cap, mid-cap and small-cap markets were all positive, increasing 3%, 1.3% and 4.5%, respectively. The global aggregate decreased 0.8% and the global treasury ex-U.S. decreased 1.5%. 

The U.S. aggregate, the U.S. Treasury and the U.S. corporate bond markets were all slightly negative, while the U.S. high-yield market was slightly positive in November. The U.S. real estate investment trust (REIT) market decreased 5.5%. Commodities were negative, with the Dow Jones-UBS Commodity Index decreasing 0.8% and gold decreasing 5.4%.

Global ETF inflows approached $14.3 billion in November. Equity had inflows of $16.2 billion. The equity inflows were driven by developed large-cap equity, with $10.3 billion in inflows, and developed large- and mid-cap equity, with $5.3 billion in inflows. Commodities had outflows of $2.3 billion, driven mainly by outflows of $1.7 billion from precious metals.

The top three families in the global ETF marketplace were BlackRock, SSgA and Vanguard. Collectively, they account for approximately 71% of the global ETF market.