U.S. exchange-traded funds turned in a strong performance last month rising to $132.7 billion at the end of November from $129.1 billion in October, the Investment Company Institute said on Monday.

The ICI, a Washington-based trade association for the fund industry, said the value of all exchange-traded shares issued in November eclipsed share redemptions by $2.1 billion.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.