Assets under management in exchange-traded funds (ETFs) and exchange-traded products (ETPs) globally rose from $11.6trn at the end of 2023 to $15.1trn at the end of November 2024. The growth has been fuelled by record-breaking net inflows and rising stock markets.

ETFGI, a research and consulting firm, the previous record was $14.5trn at the end of September 2024.

Global ETFs and ETPs had net inflows of $220bn in November 2024, bringing year-to-date net inflows to $1.67trn, which ETFGI called “the highest on record.”

There were 13,067 ETFs, with 26,079 listings, at the end of November 2024, offered by 793 providers listed on 81 exchanges globally.

Ishares had four of the top ten global ETFs, by net inflows, in November 2024, while Invesco and State Street’s SPDR recorded two each and Vanguard and Xtrackers had one each.

, or exchange-traded funds, and ETPs, or exchange-traded products, automatically track an index or type of financial asset, and can be bought or sold in real time on the stock market. Many investors put their savings in ETFs because they typically have lower management fees.