Equity ETFs contributed net inflows of $4.7 billion, while fixed income saw net outflows of $12.7 million and crypto ETFs posted net outflows of $4.4 million. Active ETFs attracted net inflows of $2.6 billion during the month.
Deborah Fuhr, managing partner, founder, and owner of ETFGI, explained where the gains were for equities.
“The S&P 500 index increased by 5.87% in November and is up 28.07% YTD in 2024. The developed markets excluding the US index increased by 0.11% in November and is up 6.77% YTD in 2024. Israel (up 8.86%) and US (up 6.46%) saw the largest increases amongst the developed markets in November,” she said. “The emerging markets index decreased by 2.77% during November but is up 11.75% YTD in 2024. Indonesia (down 6.17%) and Philippines (down 6.05%) saw the largest decreases amongst emerging markets in November.”
Year to date
ETFGI’s year-to-date net inflows total of US$55.4 billion by the end of November is a new record, easily beating the previous record of $42.6 billion for the first 11 months of 2021, and more than double the $28.3 billion for that period of 2023.
There was also a new record for total assets in the Canadian ETF industry, with a 29.1% increase since the end of 2023 taking the total to $404.6 billion and surpassing the previous record high of $388.7 billion at the end of September 2024.