The BlackRock ETP Landscape series of reports, the Industry Highlights provides commentary on the global Exchange Traded Products (ETPs) industry as of September 2014.
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September Flows Moderate To $8.9bn On Lower Non-Us Equity Contributions Despite Attractive Valuations
- Though September flows were modest, year-to-date flows reached $190.9bn globally and remain on track to reach the record of $262.7bn from 2012
- Despite improving global growth and strong relative value opportunities outside the US, investors bid up less risky exposures by adding $12.6bn to US large cap, $3.1bn to broad developed equity and $2.6bn to US aggregate bond funds
- Signs of increasing allocations to EM equity ETPs persisted given attractive valuations even as outflows of ($1.5bn) broke a five-month asset gathering streak
- Fixed income outflows of ($2.6bn) were driven by Treasuries as the end of Fed bond purchases nears and debate over the timing of interest rate increases persists
Sources: BlackRock, Bloomberg.
