November ETFs Advance Slightly to $931B

According to SSgA’s November report, ETF assets were up $6.5 billion over the month, or 0.7%, following an identical showing of a 0.7% rise in asset levels the month before. 
 

The SSgA November data showed small-cap and mid-cap assets advanced $2.9 billion and $2.1 billion, respectively, while large-cap fell nearly $3 billion.  Growth outperformed value across each size segment.

The top three managers in the U.S. ETF marketplace were BlackRock, State Street, and the Vanguard Group. Collectively, they accounted for approximately 83.7% of the U.S. listed ETF market.

Meanwhile, according to the SSgA data, the top three ETFs in dollar volume traded for the month were the SPDR S&P 500 [SPY], PowerShares QQQ [QQQQ], and iShares Russell 2000 [IWM].  The top three ETFs in terms of assets for the month were the SPDR S&P 500 [SPY], SPDR Gold Shares [GLD], and iShares MSCI Emerging Markets [EEM].

State Street said sector returns were mixed, however. Health care is the only sector with negative YTD performance.

In terms of asset classes, SSgA said the S&P 500 Index was relatively unchanged this month, rising 0.1% while the MSCI EAFE Index dropped back 4.8%. U.S. Bonds fell, with the Barclays U.S. Treasury Index falling 0.7% and the Barclays U.S. Aggregate Index dropping 0.6%. Gold rose 2.7% to $1,383.50 per ounce.

Losses in the International and Fixed Income categories were offset by gains in Commodity, Sector, Size, and Style. Currency remains the only category with negative AUM growth YTD.

More information is at https://www.spdrs.com/.