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The BlackRock ETP Landscape series of reports Industry Highlights provides commentary on the global Exchange Traded Product (ETP) industry as of November 2015.
Industry Highlights
- Developed markets equities drive global ETP flows on stronger U.S. growth and ECB stimulus prospects
- Global ETPs gathered $28.2bn in November fueled by U.S. equity and broad developed markets equity funds amid improving U.S. economic data and expectations the European Central Bank (ECB) will expand its stimulus program
- U.S. equity funds collected $21.4bn as Fed minutes revealed a more positive outlook for the U.S. economy
- Prospects for more stimulus from the ECB and relatively favorable valuations in Japan drove flows to broad developed markets equity funds of $6.4bn
- The slowdown in China weighed on emerging markets equity funds which shed ($2.5bn) overall, concentrated in China country funds with ($2.0bn) of outflows
- With the possibility of a December rate rise back in focus, Treasury funds shed ($4.5bn) while moderated by gains in investment grade corporate bond funds
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Sources: BlackRock, Bloomberg
