Assets invested in exchange-traded funds (ETFs) and similar products globally continued to rise throughout November, breaching the $6 trillion (€5.4 trillion) mark to set a record.
Net inflows of $75.29 billion saw total assets increase by 2.5% from October, which was also a record month for ETFs.
The flood of new cash was the fourth highest monthly net inflow on record.
The year-to-date inflow to $653.97 billion was the second highest behind November 2017, according to ETF consultancy ETFGI.
Assets in exchange-traded products now stand at $6.12 trillion - up from $5.96 trillion at the end of the previous month.
Equity products surpassed fixed income products in terms of inflows, with investors sinking $56.92 into the asset type by the end of the month. Fixed income products saw inflows of $16.4 billion.
Top 20 ETFs gathered $29.51 billion in November. The SPDR S&P 500 ETF Trust (SPY US) gathered $6.64 billion alone.
©2019 funds europe