Net inflows of US$28.2 billion were more than offset by a US$161.5 billion fall in asset values due to negatively market movements.
Most of the net new money for November went into money market funds, accounting for US$67.9 billion, followed by equity funds at US$18.2 billion and real estate funds at US$0.2 billion of net inflows.
Bond funds saw a US$39.3 billion outflow, putting the asset class at the bottom of the table for November. Mixed-asset funds and alternatives funds also fared badly, at US$7.6 billion and US$6.7 billion of net outflows, respectively.
Year to date totals found the opposite trend, with bond funds accounting for the most net new money at $446.5 billion. Bonds was followed by money market funds at $160.7 billion and commodity funds at $24.3 billion of net inflows.
Equity funds, with a negative $87.0 billion, were at the bottom of the year to date table, while alternatives funds and mixed-asset funds, with $33.3 billion of net outflows and $5.6 billion respectively were second and third from last.
The best performing funds for the year to date were commodity funds at 7.1% on average, followed by equity funds at 4.4% and mixed-asset at 3.7%.
Alternatives funds at negative 1.3% were the worst performers on average, slightly behind money market funds at negative 0.8% and real estate funds at negative 0.7%.