Active and Index Combined Long-Term Mutual Funds and Exchange-Traded Funds (ETFs): November 2025
Washington, DC; December 31, 2025—The combined assets of the nation’s active mutual funds and ETFs increased by $47.26 billion, or 0.3 percent, to $17.46 trillion in November while the combined assets of the nation’s indexed mutual funds and ETFs increased by $119.86 billion, or 0.6 percent, to $19.12 trillion in November according to the Investment Company Institute’s official survey of the mutual fund and ETF industry.
Total Net Assets Long-Term Mutual Funds and ETFs*
Billions of dollars
|
|
Active |
Index |
Index as a |
|---|---|---|---|
|
Equity |
|
|
|
|
Domestic equity |
8,000.9 |
13,297.5 |
62.4 |
|
World equity |
2,927.6 |
2,827.6 |
49.1 |
|
Hybrid |
1,713.1 |
88.3 |
4.9 |
|
Bond |
4,814.6 |
2,905.5 |
37.6 |
|
Total |
17,456.2 |
19,118.8 |
52.3 |
* Data for funds that invest primarily in other mutual funds were excluded from the series.
Note: Components may not add to the total because of rounding.
Flows of Long-Term Mutual Funds and ETFs*
Millions of dollars
|
|
Active |
Active |
Index |
Index |
|---|---|---|---|---|
|
Equity |
|
|
|
|
|
Domestic equity |
-43,339 |
-50,282 |
45,610 |
37,535 |
|
World equity |
-3,335 |
-5,951 |
21,785 |
22,586 |
|
Hybrid |
-8,548 |
-6,795 |
-265 |
-175 |
|
Bond |
25,462 |
32,422 |
27,547 |
41,752 |
|
Total |
-29,761 |
-30,606 |
94,677 |
101,697 |
* Data for funds that invest primarily in other mutual funds were excluded from the series.
Note: Components may not add to the total because of rounding.
Highlights: Long-term active funds—equity, hybrid, and bond funds—had a net outflow of $29.76 billion in November versus an outflow of $30.61 billion in October, while long-term index funds had a net inflow of $94.68 billion in November versus an inflow of $101.70 billion in October.
Active funds
Equity funds posted an outflow of $46.67 billion in November, compared with an outflow of $56.23 billion in October. Among equity funds, world equity funds (U.S. funds that invest primarily overseas) posted an outflow of $3.34 billion in November, versus an outflow of $5.95 billion in October. Funds that invest primarily in the United States had an outflow of $43.34 billion in November, versus an outflow of $50.28 billion in October.
Hybrid funds posted an outflow of $8.55 billion in November, compared with an outflow of $6.79 billion in October.
Bond funds had an inflow of $25.46 billion in November, compared with an inflow of $32.42 billion in October.
Index funds
Equity funds posted an inflow of $67.39 billion in November, compared with an inflow of $60.12 billion in October. Among equity funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $21.79 billion in November, versus an inflow of $22.59 billion in October. Funds that invest primarily in the United States had an inflow of $45.61 billion in November, versus an inflow of $37.53 billion in October.
Hybrid funds posted an outflow of $265 million in November, compared with an outflow of $175 million in October.
Bond funds had an inflow of $27.55 billion in November, compared with an inflow of $41.75 billion in October.
Number of Long-Term Mutual Funds and ETFs*
|
|
Active |
Active |
Index |
Index |
|---|---|---|---|---|
|
Equity |
|
|
|
|
|
Domestic equity |
3,837 |
3,785 |
1,302 |
1,289 |
|
World equity |
1,492 |
1,493 |
682 |
676 |
|
Hybrid |
677 |
676 |
30 |
30 |
|
Bond |
2,304 |
2,298 |
476 |
475 |
|
Total |
8,310 |
8,252 |
2,490 |
2,470 |
* Data for funds that invest primarily in other mutual funds were excluded from the series.
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