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In the BlackRock ETP Landscape series of reports, the Industry Highlights provides commentary on the global Exchange Traded Products (ETPs) industry as of May 2014.
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GLOBAL ETP FLOWS REACH $20.8BN IN MAY DRIVEN BY FIXED INCOME AND EUROPEAN EQUITY
- May global ETP flows were marked by demand for fixed income and non-US equity as interest rates fell further and investors continued to search for relative value outside the US
- Global fixed income inflows of $14.1bn were paced by longer duration US Treasuries and investment grade corporate funds and also extended to categories offering enhanced income such as high yield and emerging markets debt
- Fixed income ETP flows are on track for a record year as assets have doubled since 2010, passing the $400bn milestone
- Overall equity ETP inflows of $6.9bn moderated from March and April
- European equities gathered $4.6bn helped by expectations for ECB stimulus and are on pace for their best year since 2009
- Emerging markets took in $2.7bn as the MSCI EM index continued its rebound
- US equity outflows totaled ($5.1bn) as ongoing momentum for large cap value, energy and real estate was offset by small cap redemptions
Sources: BlackRock, Bloomberg.
BlackRock is a global leader in ETPs and publishes research on the industry through the ETP Landscape series of market commentaries.
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