In the BlackRock ETP Landscape series of reports, the Industry Highlights provides commentary on the global Exchange Traded Product (ETP) industry as of December 2014.
Global ETPs Finish Record Year With Best Monthly Flows Ever
- Global inflows surged to $61.5bn in December, extending the 2014 record to $330.6bn, with encouraging news on the US economic outlook, a strong dollar and a further drop in the price of oil sparking a late-month equity rally
- U.S.-listed ETP flows reached $52.6bn, surpassing $40bn in consecutive months for the first time, as the Fed remained unexpectedly accommodative and the final reading on Q3 GDP growth hit an eleven-year high of 5.0%
- Following the Fed announcement, fixed income flows accelerated to finish December at $5.7bn, led by broad-market U.S. funds as well as European and U.S. investment grade corporate debt
- Japanese equity gathered $5.6bn, all from Japan-listed funds, as Prime Minister Abe secured support for his economic policies in early elections, sending stocks higher
Sources: BlackRock, Bloomberg.