Friday, December 4, 2009

ETF Assests Hit A New Record in November

More cash from the sidelines had been poured back into the markets and ETF assets hit a new record in November. Here is the ETF Flows Report written by Matt Hougan of IndexUniverse

"Written by Matt Hougan  -  December 03, 2009 16:11 PM
November ETF Assests Hit Record Levels 

Investors poured $17.5 billion in new cash into exchange-traded funds and exchange-traded notes in November, according to new data released from the National Stock Exchange, pushing total assets under management in the U.S. to a new record of $752 billion.

Year-to-date, investors have poured $89.7 billion in new cash into various exchange-traded products; down from $132 billion for the first 11 months of 2008, but a strong showing nonetheless.
Most of the inflows were into ETFs, which gathered $17.1 billion, and now have $743 billion in assets under management. ETNs gained $354 million in new flows; combined with market returns, that brought their total AUM to $8.2 billion.

Interestingly, Vanguard led all ETF issuers for inflows in November, pulling down $5.4 billion in new assets. BlackRock Global Investors was second, with $4.2 billion in assets, followed by State Street Global Advisors, at $3.7 billion.

Inflows By Asset Class: Long-Only ETFs
Inflows were seen in all major long-only asset classes save real estate in November. International equities led the way with $5 billion in inflows, followed by fixed income with $4.8 billion.

Year-to-date, fixed income leads all comers, with $39.4 billion in inflows, followed by international equities and commodities at $29.3 billion and $28.8 billion, respectively. U.S. equity ETFs gained $3.6 billion in inflows in November, but have suffered a net $26.5 billion in net outflows so far this year." 
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