ETF industry surpasses $6tn AUM milestone
Assets under management in ETFs (and ETPs) globally have risen above $6 trillion as of the end of November 2019, according to data from ETF industry research firm ETFGI.
Total AUM rose 2.5% during the month, from $5.96tn to $6.12tn, driven by a combination of strong net inflows and healthy market performance.
The industry attracted net inflows of $75.3 billion in November, the fourth-highest monthly net inflow on record.
Equity ETFs accounted for the majority of net inflows with $56.9bn, followed by fixed income with $16.4bn, while commodity ETFs suffered $1.7bn in net outflows.
Robust demand during the month has increased year-to-date (YTD) net inflows to $477.0bn which is higher than the $439.6bn gathered at this point last year.