INDUSTRY HIGHLIGHTS
GLOBAL REFLATION TRENDS PROPEL GLOBAL ETPS TO THE BEST MONTHLY FLOWS SINCE 2008 AND THE BEST JANUARY FLOWS ON RECORD.
- Global ETPs brought in $61.2bn in January, marking the best monthly flows since September 2008 (the second-best on record) and record January flows, fueled by strength in U.S. and Japanese equities
- U.S. equities drew in $19.3bn as global reflationary trends bolstered cyclical exposures including $4.3bn in small-caps and over $1bn a piece in real estate, technology and financial equity sector funds
- Japanese equities brought in record monthly flows of $10.7bn fueled by a weaker yen, rising inflation and better earnings expectations
- Broad emerging markets (EM) equities gathered $2.5bn amid a more measured U.S. dollar and a pick-up in global reflation
- Fixed income gathered $16.6bn focused in shorter maturities and in investment grade corporates as flows remain resilient to rising rates
Sources: Markit