In the BlackRock ETP Landscape series of reports, the Industry Highlights provides commentary on the global Exchange Traded Product (ETP) industry as of October 2016.
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Industry Highlights
- October Flows Fueled By US And Broad Emerging Markets Equities
- Global ETPs slowed to $18.6bn in October after record quarterly flows in Q3, driven by US, broad emerging markets (EM) and EAFE equities along with solid gains in US TIPS
- Positive Q3 corporate earnings and economic growth boosted flows to US large cap equities which generated $7.5bn, but prospects for higher rates weighed on flows to real estate equity sector funds
- Better economic data from China propelled broad EM equity flows to $3.4bn in October, bolstering the category's record year-to-date pace
- Fixed income remains on record year-to-date pace, led this month by US TIPS amid stronger economic growth, while conventional government bond and high yield flows were dampened by rising rates and oil price volatility
Sources: Markit
