Exchange traded funds enjoyed continued inflows in November despite falling markets, backing up forecasts that the vehicles will top $1 trillion (€700m) by the end of next year, according to the latest report from Barclays Global Investors.

Assets under management in exchange-traded funds stood at $634bn at the end of November, down from $643bn at the end of October, according to the latest monthly report on the ETF industry from Debbie Fuhr, global head of ETF research and implementation strategy at BGI.