Year-to-date ETP inflows surpass 2011’s full-year total

Nov 7th, 2012 | By | Category: ETF and Index News

Global year-to-date exchange-traded products (ETPs) flows of $192.3 billion have surpassed 2011’s full-year total of $173.4 billion with inflows of $9.5 billion added in October, according to the latest ETP Landscape report from BlackRock.

Year-to-date ETP inflows surpass 2011’s full-year total

Global year-to-date ETP inflows have surpassed 2011’s full-year total, according to BlackRock.

ETPs encompass exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and exchange-traded notes (ETNs).

ETPs listed in Europe generated $4.2 billion in flows, which represents 45% of total global flows in October, the highest ratio this year.

Flows were broadly distributed across exposures, including Gold. Flows into European-listed ETFs remained robust and diversified by asset class, making October the third consecutive month of flows greater than $4 billion

Dodd Kittsley, Global Head of ETP Research for BlackRock, commented: “Flows into European-listed ETPs as well as flows of $1.3bn into Pan-European exposures, regardless of where listed, suggest that fears of a near-term Eurozone break-up have subsided following ECB commitments to backstop sovereign bond markets.”

Investors in ETPs embraced emerging markets in October.

Emerging markets bond ETPs garnered $1.9 billion, the highest monthly total on record while emerging markets equity ETPs drew $6.7 billion in flows, spanning broad exposure ETPs with $2.0 billion, China exposure ETPs with $2.8 billion and Brazil exposure ETPs with $0.7 billion. Emerging Markets Equity ETP flows in 2012 are outpacing flows in 2011 by a wide margin.

Appetite for yield continues to drive flows into investment grade corporate bond ETPs, which absorbed $3.3 billion in October showing continued demand for enhanced yield balanced by credit quality.

Gold ETPs attracted $2.5 billion in October, building on robust flows the last two months. Gold ETPs have attracted $10.0 billion over the past three months.

Dodd Kittsley commented: “Investors maintained a degree of risk appetite in October, embracing emerging markets equities and bonds and investment grade corporates, yet hedged risks by putting money into gold.”

Tags: , , , , , , ,

Leave a Comment



More in ETF and Index News
WisdomTree launches China equity and global balanced income ETFs
WisdomTree launches China equity and global balanced income ETFs

WisdomTree has launched two new ETFs on NYSE Arca – the WisdomTree ICBCCS S&P China 500 Fund (WCHN US) and...

FTSE Russell unveils Italian brands index
FTSE Russell unveils Italian brands index

FTSE Russell has expanded its FTSE Italia Index Series with the launch of the FTSE Italia Brands Index, comprising Italian...

Close