BlackRock Saw Record Monthly Flows to Its U.S. ETFs in November

(Bloomberg) -- BlackRock Inc.’s U.S. exchange-traded fund business attracted more than $25 billion in November, a record monthly haul for the company.

The flow figures were reported by Morningstar Inc, and confirmed by BlackRock spokeswoman Melissa Garville. New York-based BlackRock is the world’s largest money manager and biggest provider of ETFs.

“We’re also seeing strong flows in December,” Garville said in an email.

The gains for BlackRock came in a month when investors bailed out of actively managed funds and piled into passive vehicles amid spikes in market volatility. Active funds had outflows of $57.4 billion in November while passive funds, a mix of index mutual funds and ETFs, attracted $55.9 billion, according to data from Morningstar.

BlackRock drew cash into both stock and bond ETFS. Its IShares Core MSCI Emerging Markets ETF gained $3.3 billion; the IShares 1-3 Year Treasury Bond ETF added $2.4 billion as investors moved to short-term vehicles. Short-government funds, often seen as a safe-haven, received the most inflows last month in a decade, according to Morningstar.

The S&P 500 Index of U.S. stocks gained 2 percent in November, including reinvested dividends.

©2018 Bloomberg L.P.