What ETFs Were Popular in November?

With more than 3,000 ETFs to cover and many new ones launching each month, it is easy to forget. For many people, S&P 500 Index-based ETFs remain the core of their portfolio. Heading into 2024, these products topped the latest monthly flow leader board.

In the past month, the SPDR S&P 500 ETF (SPY) gathered $9.1 billion according to VettaFi data. Not far behind were the Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV). These ETFs added $6.3 billion and $6.0 billion, respectively. For the year, VOO and IVV are the industry leaders, with $39 billion and $32 billion, respectively. Meanwhile, SPY’s prior net outflows were erased in November.

Berkshire Hathaway Supported S&P 500 Index Funds

Last week, many reflected on the passing of investment legend Charlie Munger. I was reminded that Munger and his Berkshire Hathaway colleague Warren Buffett encouraged many to invest in S&P 500 funds over actively managed funds: “When trillions of dollars are managed by Wall Street charging high fees, it will usually be the managers who reap outsized profits, not the clients. Both large and small investors should stick with low-cost index funds.”

SPY is the most expensive of the trio of popular S&P 500 Index ETFs, with its 0.09% expense ratio. This is a significant savings compared to investing in active mutual funds. Meanwhile, IVV and VOO charge 0.03%. While fees matter, some prefer SPY’s greater trading volume to support short-term positions. I discussed these trends on Yahoo Finance last week.