All equity funds attract US$20.1b for best ever November

All EQUITY funds excluding exchange-traded funds attracted US$20.1 billion in November alone, marking their best November on record, data from Thomson Reuters' Lipper Service showed on Monday.

"We had a strong November because of the good momentum in the market - we saw the Dow go from 15,000 to 16,000," said Jeff Tjornehoj, head of Lipper Americas Research.

In contrast, all taxable bond funds excluding ETFs suffered about US$7.5 billion in outflows in November, their sixth consecutive month, Lipper said.