The rise in net sales came as both the equity and balanced categories turned positive in November, after recording net redemptions in October.

Bạn đang xem: Fund sales climb, assets surge in November: IFIC

Equity mutual funds generated $678 million in positive net sales during the month, up from $103 million in redemptions. Meanwhile, balanced funds recorded $493 million in net sales, up from $223 million in monthly net redemptions in October.

These gains were partly offset by a decline in bond fund net sales, which dipped from $3.1 billion in October to just under $2 billion in November.

Alongside the positive turn in net sales, mutual fund assets gained 3.6% in November — adding $78.8 billion in assets under management (AUM) to reach $2.27 trillion — driven primarily by market gains.

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Over the previous 12 months, mutual fund AUM was up about 19.6%.

On the ETF side, net sales gained too.

In November, overall net sales topped the $9-billion mark, up from $8.4 billion in October.

Equity funds led the way, with $6.6 billion in monthly net sales, up from $4.5 billion in October.

However, much of that increase was offset by a drop in bond fund sales. Bond ETFs recorded $979 million in monthly net sales, down from $2.95 billion in October.

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While long-term ETF sales edged higher in November, money-market funds also rebounded, recording $461 million in net sales, up from just $87 million in October.

Year-to-date ETF net sales sat at $64.6 billion, almost double the $33.5 billion recorded for the same period in 2023. The net sales total represents a record for the 11-month period, IFIC noted.

ETF assets also set a record, passing the $500-billion mark for the first time, the trade group said.

Total AUM finished the month at $515.5 billion, up by 5.8% from the previous month — a $28.4-billion gain.

Over the previous 12 months, ETF assets were up 39.8%, the data showed.