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2023 ETF Flows

Observant1
in Fund Discussions
Key Takeaways

Positive sentiment from the Federal Reserve powered the Morningstar Global 60/40 Index to a 4.7% return in December 2023. The index finished the year 14.8% higher than where it started.

Exchange-traded funds’ $598 billion haul for the year fell well short of their 2021 record as money market funds offered renewed competition for investor assets.

Stock ETFs led all broad category groups with $384 billion of inflows in 2023, but bond ETFs grew at a faster rate.

Investors opted for growth-stock funds over value strategies and faster-growing sector portfolios over cheaper ones.

Covered-call strategies powered the nontraditional-equity cohort to another sparkling year; defined-outcome ETFs brought solid inflows into alternatives.

Active ETFs represented 5.3% of the ETF market entering 2023 but claimed 21.9% of overall flows for the year.

Vanguard reeled in $159 billion, leading all ETF providers for the fourth consecutive year.

https://www.morningstar.com/etfs/etfs-cap-off-another-year-inflows-style
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