Mutual funds and exchange-traded funds increased asset flows in November, according to a report by Morningstar Inc.
The investment research company reported Monday that total inflows into U.S. mutual funds rose to $350.4 billion, with $34.6 billion of these assets added in November. ETFs had $14 billion of asset inflows in November, bringing the year-to-date total to $77.8 billion.
This is the ninth consecutive month of net inflows for the ETF industry, Morningstar said, and the busiest month so far this year for ETF providers. Providers have launched 24 new ETFs, bringing the year-to-date total to 116 ETF launches.