ETFs Add $74B In November
The U.S.-listed ETF industry added $74.2 billion in new assets for the month of November, approximately $3 billion off October’s mark, despite having the worst single-day trading session of the year so far.
According to ETF.com data provider FactSet, U.S. ETFs have garnered $799.8 billion in new assets year-to-date, and now manage $7.02 trillion in assets.
Equities Keep Adding, Defensive Plays Gain
U.S. equity ETFs were primarily responsible for the drop in month-to-month flows for the industry, generating $46.6 billion in November versus $51.2 billion last month.
The large broad-market indices continued to lead inflows among ETFs, with the Vanguard Total Stock Market ETF (VTI) adding $5.48 billion in new assets. The Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV) followed, with $4.0 billion and $3.8 billion in inflows, respectively.
But the emergence of the Omicron COVID-19 variant and ongoing inflation fears led to some more defensive ETFs rising toward the top of the inflows table.
The iShares TIPS Bond ETF (TIP) continued its run in the top 10, adding $1.7 billion, while the iShares 7-10 Year Treasury Bond ETF (IEF) gained just shy of $2.1 billion in new assets.
The iShares MSCI USA Quality Factor ETF (QUAL) rode a stunning $3.4 billion inflow on the final day of the month to finish the month with $3.5 billion in new assets overall, reversing what was a $1.4 billion outflow year-to-date. However, it’s not yet clear if the infusion of assets is a heartbeat trade, a result of a rebalance or organic movement from investors.
Small Cap Growth, Energy Loses Assets
The iShares Russell 1000 Growth ETF (IWF) lost the most assets out of any ETF in the month, with $1.4 billion pulled by investors. And the iShares Russell 1000 ETF (IWB) saw a $923 million outflow in the period.
The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) was a close second to IWF, with $1.4 billion in outflows, likely driven in part by the Fed’s announcement that it will begin to taper its emergency corporate bond-buying program over the next few months.
The energy sector also saw outflows as renewed lockdowns in Europe and Omicron’s spread rattled confidence in short-term demand. Near-month crude oil futures started the month close to $84 per barrel, but ended November in the $67.50 range.
The Energy Select Sector SPDR Fund (XLE) lost $1.2 billion, while the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) lost nearly $647.4 million.
Commodity Inflows Jump
Commodity ETFs had their best month since May, adding $1.6 billion in assets compared with $542 million in October. The dominant ETF in the category was SPDR Gold Shares (GLD), which added $673.62 million and broke an outflow streak that began in June.
Far behind in second place was the KraneShares Global Carbon ETF (KRBN), which added just $155 million in assets.
For a full list of this month’s top inflows and outflows, see the tables below:
Top Gainers (November 2021)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | YTD 2021 Net Flows($,M) |
Vanguard | 5,479.80 | 289,908.88 | 1.89% | 39,601.38 | ||
Vanguard | 4,053.87 | 275,329.61 | 1.47% | 48,360.32 | ||
Blackrock | 3,808.23 | 319,589.88 | 1.19% | 24,837.26 | ||
Blackrock | 3,529.19 | 27,850.10 | 12.67% | 1,991.85 | ||
Blackrock | 2,071.74 | 16,515.56 | 12.54% | 2,282.80 | ||
Blackrock | 1,867.67 | 25,327.68 | 7.37% | 8,534.69 | ||
Vanguard | 1,781.82 | 104,540.15 | 1.70% | 11,969.49 | ||
Blackrock | 1,670.62 | 37,674.58 | 4.43% | 10,845.35 | ||
Invesco | 1,658.21 | 210,092.31 | 0.79% | 15,586.50 | ||
Blackrock | 1,651.48 | 100,920.99 | 1.64% | 12,159.15 |
Top Gainers (Year-to-Date)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | November 2021 Net Flows($,M) |
Vanguard | 48,360.32 | 275,329.61 | 17.56% | 4,053.87 | ||
Vanguard | 39,601.38 | 289,908.88 | 13.66% | 5,479.80 | ||
Blackrock | 24,837.26 | 319,589.88 | 7.77% | 3,808.23 | ||
Vanguard | 17,401.18 | 83,212.01 | 20.91% | 297.86 | ||
Invesco | 15,586.50 | 210,092.31 | 7.42% | 1,658.21 | ||
Vanguard | 14,783.17 | 88,956.61 | 16.62% | 1,232.49 | ||
State Street Global Advisors | 14,340.92 | 422,294.82 | 3.40% | -77.19 | ||
Vanguard | 13,427.33 | 42,319.50 | 31.73% | -258.92 | ||
Blackrock | 12,159.15 | 100,920.99 | 12.05% | 1,651.48 | ||
Vanguard | 11,969.49 | 104,540.15 | 11.45% | 1,781.82 |
Biggest Losers (November 2021)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | YTD 2021 Net Flows($,M) |
Blackrock | -1,441.62 | 76,221.31 | -1.89% | -3,154.93 | ||
Blackrock | -1,362.02 | 18,414.74 | -7.40% | -7,077.63 | ||
State Street Global Advisors | -1,220.10 | 25,890.70 | -4.71% | 4,819.45 | ||
State Street Global Advisors | -1,024.11 | 19,923.22 | -5.14% | -54.96 | ||
Blackrock | -923.19 | 30,821.03 | -3.00% | -638.43 | ||
Blackrock | -830.80 | 4,235.70 | -19.61% | -1,253.31 | ||
State Street Global Advisors | -752.36 | 43,051.24 | -1.75% | 8,884.11 | ||
State Street Global Advisors | -647.38 | 3,275.26 | -19.77% | -651.74 | ||
Charles Schwab | -643.34 | 3,416.63 | -18.83% | -454.03 | ||
ARK | -638.62 | 5,542.97 | -11.52% | 1,426.57 |
Biggest Losers (Year-to-Date)
Ticker | Name | Issuer | Net Flows ($,mm) | AUM ($M) | % of AUM | November 2021 Net Flows($,M) |
Blackrock | -15,559.86 | 37,619.61 | -41.36% | -52.86 | ||
State Street Global Advisors | -9,808.84 | 56,991.23 | -17.21% | 673.63 | ||
Blackrock | -7,077.63 | 18,414.74 | -38.43% | -1,362.02 | ||
Blackrock | -6,468.76 | 30,454.62 | -21.24% | 1,500.73 | ||
Blackrock | -4,739.11 | 13,081.54 | -36.23% | -538.92 | ||
State Street Global Advisors | -3,426.75 | 8,967.93 | -38.21% | 564.92 | ||
Blackrock | -3,154.93 | 76,221.31 | -4.14% | -1,441.62 | ||
Blackrock | -2,859.11 | 8,016.67 | -35.66% | -131.04 | ||
Concierge Technologies | -2,569.72 | 2,470.25 | -104.03% | 51.59 | ||
Blackrock | -2,082.11 | 4,648.38 | -44.79% | -632.47 |
Asset Classes (November 2021)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 46,602.32 | 4,230,556.12 | 1.10% |
International Equity | 10,772.72 | 1,279,414.47 | 0.84% |
U.S. Fixed Income | 12,227.68 | 1,105,109.07 | 1.11% |
International Fixed Income | 1,337.15 | 149,840.02 | 0.89% |
Commodities | 1,604.80 | 139,129.82 | 1.15% |
Currency | 457.84 | 3,356.20 | 13.64% |
Leveraged | 727.82 | 74,218.71 | 0.98% |
Inverse | 6.51 | 12,052.84 | 0.05% |
Asset Allocation | 491.89 | 19,867.51 | 2.48% |
Alternatives | -2.32 | 7,082.09 | -0.03% |
Total: | 74,226.42 | 7,020,626.88 | 1.06% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 404,303.69 | 4,230,556.12 | 9.56% |
International Equity | 192,424.79 | 1,279,414.47 | 15.04% |
U.S. Fixed Income | 155,492.63 | 1,105,109.07 | 14.07% |
International Fixed Income | 31,062.77 | 149,840.02 | 20.73% |
Commodities | -1,891.41 | 139,129.82 | -1.36% |
Currency | 1,821.41 | 3,356.20 | 54.27% |
Leveraged | 2,087.89 | 74,218.71 | 2.81% |
Inverse | 6,194.86 | 12,052.84 | 51.40% |
Asset Allocation | 5,139.61 | 19,867.51 | 25.87% |
Alternatives | 3,164.07 | 7,082.09 | 44.68% |
Total: | 799,800.31 | 7,020,626.88 | 11.39% |
November 2021 ETF Issuer League Table
Issuer | Net Flows ($,M) | AUM ($,M) | % of AUM | YTD 2021 Net Flows($,M) |
Blackrock | 27,909.24 | 2,407,185.23 | 1.16% | 179,479.34 |
Vanguard | 25,147.63 | 2,029,594.24 | 1.24% | 300,182.15 |
State Street Global Advisors | 4,288.32 | 1,059,547.85 | 0.40% | 66,798.70 |
Invesco | 3,148.90 | 404,045.18 | 0.78% | 47,438.66 |
Charles Schwab | 1,281.17 | 264,760.16 | 0.48% | 37,696.67 |
First Trust | 2,205.50 | 147,668.84 | 1.49% | 23,235.97 |
JPMorgan Chase | 431.19 | 69,665.92 | 0.62% | 21,296.67 |
ProShares | 1,521.25 | 69,576.89 | 2.19% | 10,771.17 |
VanEck | 128.77 | 62,089.81 | 0.21% | 8,471.37 |
WisdomTree | 188.67 | 46,580.70 | 0.41% | 4,420.96 |
Mirae Asset Global Investments Co., Ltd. | 1,763.92 | 42,600.78 | 4.14% | 19,301.77 |
ARK | -1,457.63 | 35,512.76 | -4.10% | 10,001.17 |
Dimensional Holdings | 697.09 | 34,654.86 | 2.01% | 3,814.85 |
Fidelity | 506.34 | 33,250.78 | 1.52% | 4,551.58 |
Direxion | 159.06 | 28,564.46 | 0.56% | 649.74 |
Allianz | -95.23 | 27,109.99 | -0.35% | 1,180.53 |
Goldman Sachs | 341.65 | 26,619.32 | 1.28% | 1,470.18 |
DWS | -198.08 | 23,265.35 | -0.85% | 1,851.24 |
Northern Trust | 496.78 | 19,561.81 | 2.54% | 3,475.22 |
CICC | 774.67 | 15,590.54 | 4.97% | 12,069.13 |
Franklin Templeton | 91.04 | 9,656.81 | 0.94% | 648.30 |
Pacer Advisors | 259.40 | 9,513.74 | 2.73% | 2,672.50 |
American Century Investments | 460.47 | 9,064.57 | 5.08% | 4,446.67 |
SS&C | 63.94 | 8,885.81 | 0.72% | 260.51 |
Nuveen Securities | 1,793.93 | 8,564.91 | 20.95% | 5,316.88 |
Exchange Traded Concepts | 161.62 | 8,191.32 | 1.97% | 2,473.30 |
Crestview | 196.81 | 7,078.67 | 2.78% | 1,437.69 |
Abrdn Plc | 33.26 | 6,752.71 | 0.49% | 880.01 |
ETFMG | -77.31 | 6,447.97 | -1.20% | 1,265.00 |
Innovator | -16.87 | 5,829.54 | -0.29% | 1,382.37 |
Manulife | 30.48 | 5,286.92 | 0.58% | -496.70 |
Principal | -1,045.14 | 5,237.72 | -19.95% | 822.41 |
Amplify Investments | 259.69 | 5,077.26 | 5.11% | 1,673.19 |
79.80 | 4,571.21 | 1.75% | 202.30 | |
Janus Henderson | 70.77 | 4,543.05 | 1.56% | 568.68 |
New York Life | -9.14 | 4,535.39 | -0.20% | 427.87 |
The Hartford | 20.06 | 4,181.57 | 0.48% | 349.28 |
Concierge Technologies | 154.37 | 3,977.96 | 3.88% | -2,747.07 |
BMO | 0.00 | 3,964.69 | 0.00% | 710.66 |
US Global Investors | 184.39 | 3,369.68 | 5.47% | 774.47 |
Barclays | -145.15 | 3,352.53 | -4.33% | 1,680.20 |
Toroso Investments | 124.79 | 2,847.33 | 4.38% | 1,119.70 |
AdvisorShares | 488.07 | 2,441.98 | 19.99% | 1,896.28 |
Prudential | 39.46 | 2,130.21 | 1.85% | 803.26 |
Aptus Capital Advisors | 59.39 | 1,721.50 | 3.45% | 668.19 |
Ameriprise Financial | 25.43 | 1,703.91 | 1.49% | 463.52 |
Defiance ETFs | 7.53 | 1,686.56 | 0.45% | 453.08 |
O’Shares Investments | -8.04 | 1,513.09 | -0.53% | -59.25 |
Vident | -5.32 | 1,465.85 | -0.36% | -40.24 |
Virtus Investment Partners | 54.36 | 1,398.77 | 3.89% | 436.78 |
Rational Capital LLC | 72.54 | 1,395.62 | 5.20% | 1,154.06 |
GraniteShares | 1.55 | 1,395.59 | 0.11% | 50.77 |
UBS | 32.43 | 1,299.22 | 2.50% | -40.25 |
Nationwide | 76.70 | 1,225.15 | 6.26% | 673.56 |
Davis Advisers | -2.95 | 1,223.12 | -0.24% | 105.53 |
Roundhill Investments | 640.65 | 1,214.02 | 52.77% | 983.58 |
Cambria | 22.05 | 1,143.87 | 1.93% | 291.49 |
Main Management | 43.56 | 1,136.42 | 3.83% | 307.64 |
Inspire | 21.13 | 1,127.42 | 1.87% | 272.70 |
The Bank of New York Mellon Corp. | -11.13 | 1,122.10 | -0.99% | 513.17 |
EMPIRICAL FINANCE LLC | 30.29 | 1,068.10 | 2.84% | 329.42 |
Credit Suisse Group AG | 34.06 | 1,064.04 | 3.20% | 309.54 |
Simplify Asset Management Inc. | 99.53 | 939.33 | 10.60% | 753.81 |
Horizon Kinetics LLC | 36.15 | 898.64 | 4.02% | 858.56 |
Aegon | -1.24 | 810.38 | -0.15% | -47.14 |
The Motley Fool | 6.62 | 733.01 | 0.90% | 83.82 |
Howard Capital Management | 43.39 | 694.81 | 6.25% | 270.51 |
Merk | 16.04 | 586.57 | 2.74% | 172.06 |
T. Rowe Price Group, Inc. | 28.27 | 574.03 | 4.93% | 292.58 |
Timothy Plan | 5.60 | 525.32 | 1.07% | 58.79 |
Redwood Investment Management | 14.93 | 524.47 | 2.85% | 61.49 |
Tortoise | 4.95 | 511.25 | 0.97% | 4.47 |
Distillate Capital | 44.25 | 505.09 | 8.76% | 227.84 |
Renaissance Capital | -16.35 | 487.30 | -3.36% | -254.24 |
TrimTabs | -0.74 | 465.49 | -0.16% | 38.14 |
Liquid Strategies | 14.25 | 460.20 | 3.10% | 131.32 |
Cavalier16 | 80.07 | 458.50 | 17.46% | 134.21 |
SRN Advisors | 5.41 | 388.08 | 1.39% | 60.29 |
Donald L. Hagan LLC | 31.06 | 382.03 | 8.13% | 190.85 |
Regents Park Funds | 0.00 | 378.62 | 0.00% | 96.92 |
ClearShares LLC | 6.67 | 368.28 | 1.81% | 116.08 |
Sprott | -3.14 | 347.62 | -0.90% | 14.76 |
Little Harbor Advisors | 22.78 | 347.32 | 6.56% | 269.07 |
ProFund Advisors LLC | 1.75 | 322.95 | 0.54% | 387.53 |
Al Marketing LLC | -12.45 | 317.71 | -3.92% | -74.70 |
Government of Sweden | 6.81 | 301.07 | 2.26% | -4.87 |
Teucrium | -1.71 | 292.54 | -0.59% | -110.18 |
WBI | -2.93 | 282.64 | -1.04% | -9.72 |
Engine No. 1 LLC | 23.26 | 260.75 | 8.92% | 239.98 |
Core Alternative Capital | 4.41 | 242.46 | 1.82% | 97.32 |
TrueMark Investments | 15.81 | 205.94 | 7.68% | 120.19 |
Syntax Advisors | 1.77 | 200.79 | 0.88% | 51.53 |
Intangible Capital | -0.02 | 198.41 | -0.01% | 5.00 |
Mcivy Co. LLC | -2.89 | 187.15 | -1.54% | 128.23 |
Impact Shares | 4.53 | 183.43 | 2.47% | 138.06 |
Advisors Asset Management | 24.16 | 179.05 | 13.49% | 132.80 |
Wahed | 8.26 | 168.26 | 4.91% | 76.58 |
Capital Impact Advisors | -10.87 | 164.38 | -6.62% | -17.91 |
Tuttle Tactical Management, LLC | 18.49 | 147.50 | 12.53% | 4.75 |
Swan Global Investments | 11.60 | 146.91 | 7.90% | 136.08 |
Arrow Funds | -6.12 | 130.26 | -4.70% | -0.13 |
Wainwright, Inc. | 1.49 | 124.69 | 1.19% | 108.12 |
Gadsden | 1.29 | 122.41 | 1.06% | 21.99 |
ProcureAM | 6.15 | 116.86 | 5.26% | 72.53 |
Kingsview Partners LLC | 2.12 | 113.73 | 1.87% | 104.30 |
Change Finance | 6.99 | 108.83 | 6.42% | 64.01 |
Humankind USA LLC | 0.03 | 105.86 | 0.03% | 94.55 |
CornerCap Investment Counsel, Inc. | 1.59 | 105.66 | 1.51% | 29.65 |
AGF | -3.33 | 105.66 | -3.15% | -16.94 |
Pettee Investors | 2.03 | 94.36 | 2.15% | 36.54 |
Emles Advisors LLC | 0.73 | 91.50 | 0.80% | 28.80 |
Neil Azous Revocable Trust | -0.73 | 86.70 | -0.85% | 66.27 |
Exponential ETFs | 0.00 | 82.07 | 0.00% | -0.27 |
Beyond Investing | 2.15 | 73.30 | 2.93% | 24.91 |
Metaurus Advisors | 0.01 | 67.78 | 0.02% | 6.66 |
Groupe BPCE | 0.00 | 67.08 | 0.00% | 11.22 |
GeaSphere LLC | 18.57 | 66.34 | 28.00% | 65.33 |
Truist | 32.77 | 60.53 | 54.13% | 37.46 |
Alger Group Holdings LLC | 4.56 | 60.32 | 7.56% | 49.83 |
Valkyrie Funds LLC | 9.80 | 58.84 | 16.65% | 63.08 |
Toews Corp. | 2.48 | 56.90 | 4.37% | 8.01 |
Guinness Atkinson Asset Management | 1.23 | 55.70 | 2.21% | 14.95 |
Absolute Investment Advisers LLC | 0.69 | 53.80 | 1.29% | 12.62 |
Oneascent Holdings LLC | 50.43 | 51.00 | 98.88% | 50.43 |
Charger Corp. | 22.41 | 49.25 | 45.51% | 48.61 |
Alexis Investment Partners LLC | 2.15 | 48.90 | 4.39% | 29.49 |
Esoterica | 0.02 | 48.85 | 0.04% | 17.78 |
ETF Series Solutions | 4.54 | 44.68 | 10.16% | 12.67 |
Infusive Asset Management | 0.00 | 42.48 | 0.00% | 6.84 |
Rayliant Investment Research | 1.90 | 42.06 | 4.51% | 42.59 |
Formidable Asset Management | 1.90 | 42.06 | 4.51% | 41.56 |
Inverdale Capital Management LLC | 5.66 | 41.88 | 13.52% | 35.36 |
Premise Capital | 0.00 | 40.75 | 0.00% | -14.10 |
2nd Vote Value Investments, Inc | 0.88 | 40.64 | 2.17% | 31.29 |
New Age Alpha Advisors LLC | 5.55 | 39.77 | 13.95% | 35.95 |
Power Corporation of Canada | 2.06 | 38.98 | 5.29% | 6.78 |
Red Gate Advisers LLC | 0.28 | 38.29 | 0.73% | 6.38 |
Highland Capital Management | -0.01 | 38.21 | -0.02% | -14.61 |
Pacific Life | -1.96 | 34.76 | -5.64% | 5.37 |
Ridgeline Research LLC | 1.76 | 33.09 | 5.30% | 27.33 |
Uncommon Investment Advisors LLC | 2.13 | 31.32 | 6.79% | 29.97 |
AlphaMark Advisors | 0.00 | 26.09 | 0.00% | -1.41 |
Cabot ETF Partners LLC | -0.62 | 25.29 | -2.47% | 31.71 |
Knights of Columbus | 0.00 | 23.25 | 0.00% | 23.13 |
Cohanzick Management | 12.24 | 22.78 | 53.72% | 22.44 |
ASYMmetric ETFs | 3.46 | 21.68 | 15.95% | 20.69 |
Mairs & Power, Inc. | 0.00 | 18.57 | 0.00% | 18.55 |
Future Fund Advisors | 4.88 | 17.36 | 28.13% | 17.47 |
The Leuthold Group LLC | 0.78 | 17.22 | 4.52% | 2.96 |
Changebridge Capital LLC | 0.00 | 16.98 | 0.00% | 10.96 |
MCCM Group LLC | -1.39 | 16.32 | -8.53% | 28.58 |
GAMCO Investors, Inc. | 0.14 | 15.35 | 0.94% | 7.99 |
Point Bridge Capital | 0.00 | 13.38 | 0.00% | 0.97 |
Water Island Capital Partners LP | 0.78 | 12.10 | 6.44% | 2.17 |
EquBot | 0.00 | 11.21 | 0.00% | 4.82 |
Counterpoint Mutual Funds LLC | 1.20 | 10.10 | 11.87% | -2.41 |
Alternative Access Funds LLC | 0.00 | 10.03 | 0.00% | 0.00 |
Grace Partners of Dupage LP | 10.00 | 9.99 | 100.12% | 10.00 |
Whitford Asset Management | 0.00 | 9.78 | 0.00% | 5.85 |
Applied Finance Group | 0.69 | 9.59 | 7.18% | 8.03 |
Reflection Asset Management, LLC | 2.21 | 9.53 | 23.19% | 6.37 |
Jacob Asset Management | 0.00 | 7.42 | 0.00% | 7.47 |
Spear Advisors LLC | 0.56 | 5.10 | 11.06% | 4.62 |
Global Beta Advisors | 0.00 | 5.06 | 0.00% | -2.97 |
Retireful LLC | 3.16 | 5.02 | 62.94% | 3.16 |
Banhazl | 0.24 | 4.62 | 5.25% | 1.58 |
Zacks Investment Management | 1.95 | 4.61 | 42.25% | 4.55 |
Lifegoal Investments LLC | 0.75 | 3.94 | 18.95% | 2.73 |
Lyrical Partners | 0.67 | 3.24 | 20.69% | 2.57 |
Democracy Investment Management LLC | -0.67 | 3.17 | -21.11% | 2.61 |
Wilshire Phoenix Funds LLC | 0.00 | 1.77 | 0.00% | 0.00 |
Chadds Ford Investment Management LLC | 0.00 | 0.73 | 0.00% | 0.75 |
Inherent Wealth Fund LLC | 0.30 | 0.26 | 113.81% | 0.30 |
Litman Gregory Capital Partners LLC | 0.00 | 0.00 | 0.00% | 20.26 |
RBS Securities | 0.00 | 0.00 | 0.00% | 0.00 |
Eaton Vance Corp. | 0.00 | 0.00 | 0.00% | 0.00 |
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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