BlackRock ETP Landscape: Corporate Debt, Stimulus Fuel Flows

The BlackRock ETP Landscape series of reports provides commentary on the global Exchange Traded Product (ETP) industry as of October 2015.

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GLOBAL ETP FLOWS ADVANCE TO NEW HIGHS ON FIXED INCOME STRENGTH AND STIMULUS PROSPECTS

• Global ETPs gathered $36.2bn in October driven by corporate fixed income, U.S. equity and emerging markets equity funds. Flows boosted by monetary stimulus and the possibility that rates will stay low for longer.    
• Fixed Income brought in $14.7bn focused in high yield and investment grade corporates, propelling year-to-date flows above 2014 full-year flows and lifting assets for the category to greater than $500bn for the first time.    
• U.S. equities collected $10.3bn as stocks rallied amid solid tech company earnings and increased M&A activity.    
• Emerging markets equity funds drew in $4.6bn, snapping a four-month streak of outflows, bolstered by Chinese central bank rate cuts and other policy moves.    
• Prospects for more stimulus from the European Central Bank benefited European equities and drove flows to pan-European and broad developed markets equity funds of $3.0bn and $2.4bn, respectively. 

Sources: BlackRock, Bloomberg.