U.S. ETFs hit record $7.65 trillion in assets

In November, U.S. exchange-traded funds (ETFs) reached a record $7.65 trillion in assets, with high-yield bonds attracting a record $11 billion in inflows. The S&P 500 had its biggest monthly gain in over a year, and the 10-year Treasury yield saw its steepest decline in more than a decade. Additionally, 61 new ETFs were launched, putting the industry on track to set a new record in 2023.