ETF inflows surge to beat previous monthly record by 14.5% | Financial Times
Exchange traded funds attracted record inflows of $121bn in November, a jump of 14.5 per cent on the previous best month for new business, as Joe Biden’s victory in the US presidential election and successful developments for coronavirus vaccines unleashed a surge of new investment. The huge monthly haul brings net global inflows in the first 11 months of this year to $659.3bn, 15.4 per cent more than the $571.1bn gathered over the same period in 2019, according to ETFGI, a London-based consultancy. “The ETF industry is on course for a record year. Investor inflows globally into ETFs have already surpassed the previous full-year record of $654bn registered in 2017,” said Deborah Fuhr, founder of ETFGI.