Investing.com — A new report from State Street Global Advisors indicates that November was a record-setting month for exchange-traded funds (ETFs).
About $49.1 billion in cash flowed into the U.S. funds last month, partly on the “Trump Bump” of investor enthusiasm after the election of billionaire businessman and media star Donald Trump as the next president of the U.S.
Financials outpaced industrials for investors in these instruments.
The cash haul beat records going back to 1998 on ETFs, State Street said.
Most of that money is flowing into equities, followed by fixed income securities, and then commodities and other instruments, the firm added.
Eight of the 11 sectors showed investment gains during the month as a result of the inflow.
Wall Street closed on a positive note again today, Thursday, December 8.
The closed up 0.33% at 19614.81.
The ended the day with gains as well, increasing by 0.44%, and closing at 5417.36.
The also closed the day with a gain, at 1386.37.
settled up on Tuesday, and U.S. Treasuries declined.