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Industry Highlights
- Global ETP flows surged in November post-election to resume record year-to-date pace.
- Global ETPs gathered $56.0bn in November, the best month since December 2014, following Donald Trump’s surprise victory in the U.S. presidential election with flows fueled by U.S. equities
- U.S. equity flows surged in the month, garnering new monthly flow records in small-caps, financials and industrials as well as strong flows to large-caps on hopes for new stimulus and favorable policies
- Fixed income remains on record year-to-date pace, with record monthly flows in U.S. TIPS funds of $2.4bn while conventional Treasuries shed ($2.0bn), dampened by prospects for higher rates in the U.S
- Broad emerging markets (EM) equities and emerging markets debt shed ($3.2bn) and ($3.3bn), respectively, as the U.S. dollar strengthened
- Commodity fund flows were marked by sharp outflows from gold funds of ($4.5bn)
Sources: Markit
