November ETF Flows Highlights

• US exchange-traded funds attracted $137 billion in net new assets, bringing the year-to-date total to $1.2 trillion.
• More money flowed out of the digital assets Morningstar Category in November than any previous month.
• S&P 500 trackers Vanguard S&P 500 ETF VOO and iShares Core S&P 500 ETF IVV topped the charts for the most inflows in ETFs.
• Investors piled money into ETFs tracking the healthcare sector and leveraged-equity ETFs, despite broader categories dominating November flows.

Index funds collected 73% of the $137 billion US ETF net inflows in November. Active ETFs got off to a strong start early in 2025, but they have seen their lowest proportion of flows in October and November since the beginning of the…