BlackRock Saw Record Monthly Flows to Its U.S. ETFs in November
- Emerging market stocks, short-term bonds got biggest take
- Investors flocked to passive, bailed on active in the month
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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.