Nov. ETF Inflows A Record $91B
The stock market wasn't the only thing breaking records in November. ETF inflows also reached unprecedented levels during the month, blowing past previous highs reached in 2018 and 2019.
On net, investors added $91.2 billion to U.S.-listed ETFs during November. That's more than the $63.8 billion added in June 2019, and the $68.1 billion added in January 2018—the latter being the previous one-month record for inflows.
With a single month to go, year-to-date ETF inflows now stand at $443.8 billion, within shot of 2017's record annual haul of $476.1 billion. For comparison, inflows stood at $264.3 billion at the end of last November.
US Equity ETFs Lead The Way
Of November's inflows, the bulk went into U.S. equity ETFs—unsurprising considering the powerful rally that stocks had during the month. The S&P 500 climbed nearly 11% in November, hitting a new all-time high. At the same time, the small cap Russell 2000 surged 18.2%, its best one-month performance ever.
As a group, U.S. equity ETFs picked up almost $62 billion of new money in November, ahead of the $20.2 billion that went into international equity ETFs and the $11.3 billion that went into U.S. fixed income ETFs.
That being said, U.S. fixed income ETFs are still ahead of U.S. equity ETFs in the year-to-date tally, $170.5 billion compared to $151.8 billion. If that holds, it would mark the second year in a row in which U.S. fixed income ETFs pulled in more cash than U.S. equity ETFs.
Individual Names
In terms of individual ETFs, the the SPDR S&P 500 ETF Trust (SPY), the Vanguard Total Stock Market ETF (VTI) and the iShares MSCI USA Quality Factor ETF (QUAL) headlined the top inflows list for November.
On the outflows side, the SPDR Gold Trust (GLD), the iShares 7-10 Year Treasury Bond ETF (IEF) and the iShares 20+ Year Treasury Bond ETF (TLT) topped the list. Perhaps investors saw less of a need for safe haven assets like gold and Treasuries as positive vaccine news lifted spirits and stocks advanced to records.
However, on a year-to-date basis, GLD is still among the top five asset gatherers of the year, with inflows of $16.5 billion. It's joined by the Vanguard Total Stock Market ETF (VTI), the Vanguard S&P 500 ETF (VOO), the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the Invesco QQQ Trust (QQQ), each with year-to-date inflows of more than $16 billion.
Top Gainers (November 2020)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | YTD 2020 Net Flows($,M) |
State Street Global Advisors | 13,886.75 | 323,922.33 | 4.29% | -20,282.51 | ||
Vanguard | 5,267.89 | 189,796.57 | 2.78% | 27,198.98 | ||
Blackrock | 3,237.89 | 24,473.48 | 13.23% | 5,659.21 | ||
Blackrock | 2,726.03 | 27,346.44 | 9.97% | 7,639.18 | ||
Blackrock | 2,708.37 | 52,012.52 | 5.21% | -548.55 | ||
Vanguard | 2,651.19 | 35,264.93 | 7.52% | 13,799.29 | ||
Vanguard | 2,553.51 | 178,106.58 | 1.43% | 26,566.58 | ||
State Street Global Advisors | 2,231.31 | 22,782.22 | 9.79% | 277.75 | ||
Blackrock | 2,228.11 | 235,740.05 | 0.95% | 10,128.85 | ||
Blackrock | 1,751.70 | 52,297.65 | 3.35% | 1,984.19 |
Top Gainers (Year-to-Date)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | November 2020 Net Flows($,M) |
Vanguard | 27,198.98 | 189,796.57 | 14.33% | 5,267.89 | ||
Vanguard | 26,566.58 | 178,106.58 | 14.92% | 2,553.51 | ||
Blackrock | 18,197.17 | 58,343.36 | 31.19% | 536.37 | ||
State Street Global Advisors | 16,515.02 | 68,326.90 | 24.17% | -3,757.11 | ||
Invesco | 16,421.02 | 144,451.19 | 11.37% | 380.78 | ||
Vanguard | 14,780.69 | 65,882.66 | 22.43% | 1,432.29 | ||
Vanguard | 13,851.49 | 41,521.88 | 33.36% | 1,623.57 | ||
Vanguard | 13,799.29 | 35,264.93 | 39.13% | 2,651.19 | ||
Blackrock | 10,566.54 | 83,365.88 | 12.67% | 1,181.91 | ||
Blackrock | 10,128.85 | 235,740.05 | 4.30% | 2,228.11 |
Biggest Losers (November 2020)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | YTD 2020 Net Flows($,M) |
State Street Global Advisors | -3,757.11 | 68,326.90 | -5.50% | 16,515.02 | ||
Blackrock | -3,265.50 | 16,363.47 | -19.96% | -3,018.19 | ||
Blackrock | -1,760.34 | 17,916.50 | -9.83% | -2,417.45 | ||
ProShares | -1,423.77 | 9,281.14 | -15.34% | 646.85 | ||
Blackrock | -1,169.04 | 33,650.21 | -3.47% | -3,757.29 | ||
Blackrock | -1,018.27 | 18,936.44 | -5.38% | -1,864.86 | ||
State Street Global Advisors | -989.76 | 16,972.44 | -5.83% | -2,216.09 | ||
Blackrock | -863.48 | 20,336.89 | -4.25% | 2,264.72 | ||
State Street Global Advisors | -640.67 | 13,220.01 | -4.85% | 4,380.69 | ||
State Street Global Advisors | -636.46 | 9,188.10 | -6.93% | 1,778.14 |
Biggest Losers (Year-to-Date)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | November 2020 Net Flows($,M) |
State Street Global Advisors | -20,282.51 | 323,922.33 | -6.26% | 13,886.75 | ||
Blackrock | -12,011.00 | 51,343.29 | -23.39% | -240.56 | ||
Blackrock | -4,917.12 | 26,937.65 | -18.25% | 0.00 | ||
Blackrock | -4,381.37 | 51,410.44 | -8.52% | 263.19 | ||
Blackrock | -4,162.17 | 62,555.74 | -6.65% | 1,600.14 | ||
Blackrock | -4,120.97 | 5,539.43 | -74.39% | -55.74 | ||
Vanguard | -3,959.82 | 67,915.13 | -5.83% | -55.52 | ||
Blackrock | -3,757.29 | 33,650.21 | -11.17% | -1,169.04 | ||
Blackrock | -3,018.19 | 16,363.47 | -18.44% | -3,265.50 | ||
Vanguard | -2,964.87 | 30,052.20 | -9.87% | -391.49 |
Asset Classes (November 2020)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM |
U.S. Equity | 61,966.79 | 2,987,682.39 | 2.07% |
International Equity | 20,218.27 | 993,383.79 | 2.04% |
U.S. Fixed Income | 11,273.26 | 956,995.84 | 1.18% |
International Fixed Income | 4,026.63 | 118,429.44 | 3.40% |
Commodities | -4,523.02 | 135,820.83 | -3.33% |
Currency | -105.34 | 1,841.10 | -5.72% |
Leveraged | -2,335.07 | 41,961.90 | -5.56% |
Inverse | 287.30 | 11,742.61 | 2.45% |
Asset Allocation | 217.68 | 12,907.79 | 1.69% |
Alternatives | 186.94 | 5,166.46 | 3.62% |
Total: | 91,213.44 | 5,265,932.15 | 1.73% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM |
U.S. Equity | 151,803.04 | 2,987,682.39 | 5.08% |
International Equity | 42,454.93 | 993,383.79 | 4.27% |
U.S. Fixed Income | 170,497.17 | 956,995.84 | 17.82% |
International Fixed Income | 20,763.27 | 118,429.44 | 17.53% |
Commodities | 40,722.48 | 135,820.83 | 29.98% |
Currency | 505.16 | 1,841.10 | 27.44% |
Leveraged | 793.24 | 41,961.90 | 1.89% |
Inverse | 13,405.66 | 11,742.61 | 114.16% |
Asset Allocation | 2,669.52 | 12,907.79 | 20.68% |
Alternatives | 208.21 | 5,166.46 | 4.03% |
Total: | 443,822.69 | 5,265,932.15 | 8.43% |
November 2020 ETF Issuer League Table
Issuer | Net Flows ($,M) | AUM ($,M) | % of AUM | YTD 2020 Net Flows($,M) |
Blackrock | 30,480.76 | 1,959,712.02 | 1.56% | 109,308.77 |
Vanguard | 23,183.88 | 1,446,852.88 | 1.60% | 174,736.11 |
State Street Global Advisors | 20,199.88 | 824,854.92 | 2.45% | 38,613.33 |
Invesco | 3,946.79 | 281,473.66 | 1.40% | 14,438.50 |
Charles Schwab | 3,208.17 | 190,846.85 | 1.68% | 12,633.39 |
First Trust | 1,881.75 | 105,674.10 | 1.78% | 10,852.94 |
VanEck | 1,839.41 | 49,505.26 | 3.72% | 3,006.81 |
ProShares | -1,146.86 | 45,710.68 | -2.51% | 15,103.54 |
JPMorgan Chase | 609.89 | 43,571.77 | 1.40% | 11,202.73 |
WisdomTree | 131.06 | 36,880.72 | 0.36% | -1,807.48 |
PIMCO | 418.06 | 25,479.28 | 1.64% | 3,183.13 |
ARK | 2,475.74 | 23,423.42 | 10.57% | 11,990.89 |
Fidelity | 462.83 | 22,254.99 | 2.08% | 3,340.71 |
Goldman Sachs | 6.68 | 20,478.66 | 0.03% | 1,571.49 |
Deutsche Bank | 172.95 | 19,516.07 | 0.89% | 2,292.15 |
Mirae Asset | 1,177.10 | 18,089.91 | 6.51% | 4,899.78 |
Direxion | -734.89 | 17,268.61 | -4.26% | 5,207.19 |
Northern Trust | -20.03 | 14,207.49 | -0.14% | -1,582.90 |
Franklin Templeton | 172.73 | 8,617.23 | 2.00% | 2,580.86 |
SS&C | 93.71 | 7,048.58 | 1.33% | -1,427.11 |
CICC | 700.68 | 6,200.44 | 11.30% | 2,130.52 |
Aberdeen Standard Investments | -17.21 | 5,849.62 | -0.29% | 1,985.23 |
Pacer Advisors | -115.03 | 5,586.81 | -2.06% | -7.65 |
Exchange Traded Concepts | 230.06 | 5,515.32 | 4.17% | 2,123.31 |
Victory Capital | 117.37 | 5,481.58 | 2.14% | 0.82 |
US Commodity Funds | -251.96 | 4,895.14 | -5.15% | 4,957.74 |
John Hancock | -65.55 | 4,842.70 | -1.35% | -214.42 |
ETFMG | 204.30 | 4,762.76 | 4.29% | 659.78 |
Principal | 64.79 | 3,899.03 | 1.66% | 274.34 |
Innovator | -125.41 | 3,828.38 | -3.28% | 1,301.80 |
Janus Henderson | 139.99 | 3,739.47 | 3.74% | 2,228.16 |
New York Life | 91.52 | 3,674.32 | 2.49% | 204.83 |
The Hartford | 25.30 | 3,642.28 | 0.69% | -364.15 |
American Century Investments | 157.39 | 3,428.62 | 4.59% | 1,773.63 |
US Global Investors | 373.82 | 2,867.84 | 13.03% | 2,102.87 |
Amplify Investments | 121.97 | 2,597.70 | 4.70% | 1,271.92 |
Nuveen Securities | 105.42 | 2,430.44 | 4.34% | 1,118.64 |
Barclays Capital Inc. | 147.07 | 2,343.47 | 6.28% | -1,155.93 |
BMO | 33.80 | 1,750.65 | 1.93% | 584.66 |
Toroso Investments | 91.31 | 1,400.87 | 6.52% | 794.16 |
Vident | -14.65 | 1,334.24 | -1.10% | -284.24 |
O’Shares Investments | 55.53 | 1,313.77 | 4.23% | 377.64 |
GraniteShares | -127.06 | 1,267.54 | -10.02% | 448.99 |
Prudential | 29.40 | 1,240.07 | 2.37% | 346.69 |
Davis Advisers | 7.90 | 1,053.81 | 0.75% | 155.66 |
Columbia Management Investment Advisers, LLC | 53.38 | 1,034.63 | 5.16% | 312.83 |
UBS | -31.28 | 937.41 | -3.34% | -2,215.01 |
Aptus Capital Advisors | 51.66 | 931.35 | 5.55% | 443.15 |
AdvisorShares | -2.17 | 904.24 | -0.24% | 271.37 |
Cambria | 0.76 | 840.21 | 0.09% | 231.18 |
Defiance ETFs | 99.48 | 801.55 | 12.41% | 501.64 |
Virtus Investment Partners | 118.09 | 769.00 | 15.36% | -61.94 |
Transamerica Funds | -9.72 | 738.99 | -1.31% | -59.15 |
Inspire | 34.86 | 675.35 | 5.16% | 152.96 |
Main Management | -1.41 | 618.03 | -0.23% | 0.07 |
EMPIRICAL FINANCE LLC | 10.11 | 611.05 | 1.65% | 123.07 |
Credit Suisse Group AG | 17.74 | 594.17 | 2.99% | -1,532.13 |
The Motley Fool | 15.36 | 499.64 | 3.07% | 100.43 |
Renaissance Capital | 69.34 | 490.81 | 14.13% | 339.74 |
Nationwide | -5.23 | 469.20 | -1.11% | 60.44 |
BNY Mellon | 20.29 | 421.36 | 4.82% | 148.58 |
Merk | 9.25 | 402.69 | 2.30% | 184.70 |
Tortoise | 32.39 | 397.31 | 8.15% | -17.38 |
Timothy Plan | 2.62 | 373.39 | 0.70% | 90.64 |
Al Marketing LLC | -9.47 | 372.61 | -2.54% | -50.68 |
Sprott, Inc. | 4.82 | 354.69 | 1.36% | 53.07 |
WBI | -12.26 | 333.72 | -3.67% | -124.54 |
Goldman Sachs Group, Inc. | -0.11 | 322.51 | -0.03% | -0.11 |
Teucrium | -17.76 | 320.47 | -5.54% | 115.78 |
Liquid Strategies | 1.44 | 283.94 | 0.51% | 152.04 |
ClearShares | 10.01 | 277.93 | 3.60% | 67.79 |
Redwood Investment Management | 26.36 | 267.22 | 9.86% | 121.98 |
Howard Capital Management | 3.48 | 263.46 | 1.32% | 93.63 |
SRN Advisors | 5.83 | 247.48 | 2.35% | 95.35 |
Regents Park Funds | -2.08 | 237.30 | -0.87% | 128.34 |
Roundhill Investments | 5.64 | 212.71 | 2.65% | 143.97 |
Swedish Export Credit | -1.02 | 210.00 | -0.49% | -33.06 |
Distillate Capital | 0.00 | 200.04 | 0.00% | 111.33 |
TrimTabs | -10.31 | 191.90 | -5.37% | 36.02 |
EntrepreneurShares, LLC | 0.00 | 189.36 | 0.00% | 24.49 |
Intangible Capital | -0.01 | 169.52 | -0.01% | 1.31 |
AGF | -33.25 | 164.04 | -20.27% | 72.01 |
Strategy Shares | 33.50 | 142.52 | 23.51% | 108.11 |
Core Alternative Capital | 13.91 | 139.79 | 9.95% | 25.70 |
Tuttle Tactical Management, LLC | 6.63 | 135.89 | 4.88% | 111.55 |
Donald L. Hagan LLC | 3.50 | 129.66 | 2.70% | 109.60 |
T. Rowe Price Group, Inc. | 24.47 | 122.51 | 19.97% | 52.19 |
OBP Capital LLC | 10.24 | 117.54 | 8.71% | 43.72 |
Arrow Funds | -0.97 | 104.14 | -0.93% | -12.50 |
Simplify Asset Management Inc. | 61.59 | 90.81 | 67.83% | 75.60 |
Gadsden | 1.17 | 88.74 | 1.32% | 29.47 |
Cboe Vest Financial LLC | 7.19 | 82.40 | 8.73% | 25.81 |
Exponential ETFs | 0.00 | 81.60 | 0.00% | 0.35 |
Natixis | 1.58 | 71.21 | 2.21% | 0.92 |
iM Global Partner | 0.00 | 63.43 | 0.00% | 27.27 |
Emles Advisors LLC | 1.83 | 60.67 | 3.01% | 43.87 |
Syntax Advisors | 3.74 | 59.68 | 6.28% | -27.51 |
Wahed Invest LLC | 4.64 | 58.88 | 7.89% | 26.95 |
TrueMark Investments | 2.50 | 56.65 | 4.41% | 48.67 |
Pacific Life | 0.00 | 56.58 | 0.00% | 0.00 |
Highland Capital Management | 4.67 | 55.86 | 8.36% | -210.52 |
CornerCap Investment Counsel, Inc. | 9.23 | 54.38 | 16.97% | 49.42 |
Metaurus Advisors | 0.01 | 50.97 | 0.02% | 0.01 |
Premise Capital | -2.83 | 50.70 | -5.58% | 8.31 |
Toews Corp. | -0.49 | 50.36 | -0.98% | 43.61 |
Advisors Asset Management | 1.70 | 41.41 | 4.11% | -1.37 |
Pettee Investors | 0.81 | 39.61 | 2.05% | 25.40 |
Absolute Investment Advisers LLC | 0.59 | 34.79 | 1.69% | 31.75 |
ProcureAM | 0.00 | 34.39 | 0.00% | 19.21 |
Impact Shares | 7.12 | 34.22 | 20.80% | 17.41 |
Beyond Investing | 1.65 | 33.07 | 4.98% | 16.52 |
Change Finance | 4.01 | 29.32 | 13.67% | 11.95 |
Little Harbor Advisors | -0.61 | 23.77 | -2.55% | 24.71 |
AlphaMark Advisors | 0.00 | 22.51 | 0.00% | 0.00 |
ETF Series Solutions | 0.00 | 22.49 | 0.00% | 8.14 |
Neil Azous Revocable Trust | 5.07 | 18.32 | 27.66% | -2.45 |
Esoterica | 3.49 | 16.85 | 20.73% | 7.67 |
Truist | 4.30 | 15.44 | 27.86% | 13.38 |
Counterpoint Mutual Funds LLC | 0.00 | 12.49 | 0.00% | 12.90 |
The Leuthold Group LLC | 0.00 | 12.42 | -0.03% | 11.42 |
Alternative Access Funds LLC | 0.00 | 9.99 | 0.00% | 9.98 |
Point Bridge Capital | 0.00 | 9.73 | 0.00% | -4.78 |
Sage | 0.00 | 7.90 | 0.00% | -10.50 |
Global Beta Advisors | 0.00 | 7.21 | 0.00% | -0.30 |
Water Island Capital Partners LP | 0.00 | 6.60 | 0.01% | 3.75 |
EquBot | 0.00 | 5.96 | 0.00% | 1.56 |
Guinness Atkinson Asset Management | 0.00 | 5.12 | 0.00% | 1.04 |
Whitford Asset Management | 0.00 | 2.72 | 0.00% | -1.07 |
Reflection Asset Management, LLC | 2.03 | 2.20 | 92.04% | 2.03 |
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
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