ETF investors and traders placed their bets in fixed income, dividends and diversity last month amid persistent questions about inflation, growth, speculative assets and geopolitical stability.
The November inflow leaders represent some of the largest and most liquid ETFs on the market today. Only one of the ETFs on a ranking of top 10 U.S> ETFS by November inflows is actively managed, and the majority camme from leadingm ETF issuers Vanguard and iShares.
All told, these top-10 ETFs took in over $20 billion in new assets during November.
Our ranking comes from data compiled by ETF.com, with additional information compiled from ETFdb.com and the product issuers' websites.
The following 10 ETFs had the most inflows last month:
No. 10 - iShares National Muni Bond ETF (MUB) +$1.29B
MUB is but the first of a few tax-exempt bond ETFs with large inflows in November, losing 7.41% year-to-date. The $31.5 billion ETF carries a 0.07% expense ratio and offers an attractive 3.39% annual yield.
No. 9 - Invesco S&P 500 Equal Weight ETF (RSP) +$1.37B
The $32.4 billion Invesco S&P 500 Equal Weight ETF invests in the same universe of stocks as its market-cap weighted cousins SPY, VOO and IVV, but by offering equal exposure to the smaller companies in the S&P 500 can at times outperform its more vanilla cousins, but for a pricier 0.2% expense ratio. Year-to-date, RSP has lost 9.42%.
No. 8 - JPMorgan Equity Premium Income ETF (JEPI) +$1.47B
The $16.5 billion JPMorgan Equity Premium Income ETF generates higher yields by selling options on income-generating stocks, leading to its outsized 10.7% yield. The actively managed fund, which carries a 0.35% expense ratio, has a May 2020 inception date, making it the newest ETF in this ranking.
No. 7 - Schwab U.S. Dividend Equity ETF (SCHD) +$1.56B
Schwab's $45 billion Dividend Equity ETF has become one of the most popular equity income ETFs available today in part because of its broad diversification and low cost: SCHD has a 0.06% expense ratio. The fund has been a high performer in 2022, losing a little more than 1.5% year-to-date.
No. 6 - iShares MSCI ACWI ETF (ACWI) +$1.60B
It seems that many investors just decided to buy the world in November, as the $18.5 billion iShares ETF following the MSCI All-Country World Index found itself among the leaders in November inflows. ACWI, which has a 0.32% expense ratio, has lost 16.8% year-to-date.
No. 5 - iShares Russell 2000 ETF (IWM) +$2.78B
Small-cap stocks also saw a boost in popularity among ETF tradaers and ivnvestors as IWM took in over $2.75 billion in November. Year-to-date, the $56.6 billion fund has lost almost 15% of its net asset value. IWM carries a 0.19% expense ratio.
No. 4 - Vanguard Tax-Exempt Bond ETF (VTEB) +$2.03B
Like most Vanguard products, VTEB has a rock-bottom expense ratio at 0.05%. Investing in tax-exempt municipal bonds, the fund has lost 7.71% year to date, but blunts that loss with a 4.4% annual yield. VTEB has $23.7 billion in net assets.
No. 3 - Vanguard Short-Term Corporate Bond ETF (VCSH) +$2.33B
Vanguard's gargantuan short-term coprorate bond ETF offers an impressive 5.28% yield and has over $45 billion in net assets. VCSH has lost 5.66% year-to-date and carries a rock-bottom 0.04% expense ratio. The fund defines "short-term" bonds as bonds that mature within the next 1 to 5 years.
No. 2 - iShares iBoxx USD High Yield Corporate Bond ETF (HYG) +$4.36B
BlackRock's HYG was one of the first indexed high-yield bond ETF available in the U.S. The $18.1 billion fund carries a 0.48% expense ratio. Down 10.3% year-to-date, iShares says HYG is meant to appeal to investors interested in higher levels of income.
No. 1 - Invesco QQQ Trust (QQQ) +$4.50B
The ETF with the most inflows in November was the $164.3 billion Invesco QQQ Trust. Down over 29% year-to-date, Invesco believes that the fund should return to higher performance because its largest constituents tend to comprise the most high-flying stocks in the U.S. QQQ carries a 0.2% expense ratio, and currently offersr a 0.71% annual yield.
