Staff
Investors are once again turning to exchange-traded products (ETPs) to execute their investment views. In fact, global ETP flows rebounded to US$44.1 billion in July, reports BlackRock.
And July was the strongest month since September 2012, when global flows reached $45.1 billion. Further, 2013 year-to-date flows of $143.3 billion are now back ahead of the record pace of $128.3 billion set in 2012.
Additional findings include the following:
- equity ETPs attracted the largest amount of flows in July with $39.3 billion;
- U.S. equities rallied in July, capturing $31.6 billion following stronger than expected earnings and qualifying comments on QE3 from the Fed;
- pan-European developed markets equity exposures listed globally saw $2.8 billion of flows in July, the highest total since December 2012;
- European-listed ETPs across all asset classes saw $3.9 billion of flows;
- fixed income flows improved to $6.4 billion, following outflows of $8.4 billion in June;
- investors displayed some risk appetite, adding $2.6 billion to high yield—the largest amount since February 2012;
- money trickled back into emerging markets equities with $0.5 billion in July, following outflows of $4.3 billion in June; and
- gold outflows reached $2.6 billion.
This article originally appeared on our sister publication, Advisor.ca.
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