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The Industry Highlights of the ETP Landscape series of reports provides commentary on the global Exchange Traded Product (ETP) industry as of July 2015.
GLOBAL ETP FLOWS ACCELERATE AS GREECE AND CHINA CONCERNS EASE
- July global ETP flows of $36.3bn were the best in five months, with investors initially favoring safer fund categories before shifting attention to non-U.S. developed markets equity later in the month
- U.S. large cap equity and U.S. Treasuries gathered $9.2bn and $3.7bn, respectively, concentrated in the first two weeks given uncertainty surrounding the referendum in Greece and stock market correction in China
- As tensions abated, a greater share of flows moved to non-U.S. developed markets equity, with pan-European exposures reaching $6.6bn, Japan $6.5bn and EAFE $2.2bn
- Currency-hedged equity flows remained steady, with $3.5bn driven by Europe exposures as the U.S. dollar again showed signs of strengthening
- Demand for investment grade and high yield corporate bonds rebounded, with each bringing in over $1bn
