This was the largest annual dollar growth in assets for both categories on record, IFIC said.
Total mutual fund AUM stood at $2.24 trillion by the end of 2024, a tick lower than the $2.27 trillion in AUM recorded in November, but up from $1.94 trillion from a year prior.
Total ETF AUM hit $517.6 billion by the end of 2024, up $382 billion year over year. This was a slight increase from the $515.3 billion in assets registered in November.
December mutual fund sales
The year ended with mutual fund sales marking the sixth consecutive month of net inflows in December, which IFIC said was “a significant turnaround after two consecutive years of negative net sales.”
The funds gathered $2.56 billion in the month, compared to $4.57 billion in November.
Bond mutual funds led the way, with $1.86 billion in net sales, down from $2.0 billion in November.
Money-market funds generated $721 million, up from $685 million a month prior.
Specialty funds saw net sales amounting to $500 million in December, down from $733 million the previous month.
Equity mutual funds brought in a relatively measly $50 billion, down sharply from $678 million in November.
Balanced mutual funds, meanwhile, recorded $573 million in redemptions. The category had positive net sales of $493 million a month prior.
December ETF sales
ETFs registered net sales of $10.58 billion in December, the highest single-month inflow value ever recorded, IFIC noted.
Equity ETFs drove net sales, recording $7.87 billion in inflows in the month, compared with $6.29 billion in November.
Bond funds saw $2.08 billion in net sales, up from $993 million a month prior.
Balanced funds edged higher, with net sales amounting to $712 million, up from $563 million the previous month.
Money-market ETFs received $99 million, down sharply from $462 million in November.
Specialty ETFs recorded redemptions of $176 million in December, after recording positive net sales of $444 million a month prior.
