Global ETP flows in may reflect durable demand for non-u.s. equities despite broader slowdown in activity…….
Marchioni Ursula – Head of ETP Research EMEA at iShares
Global ETPs gathered $18.3bn, though excluding non-U.S. equities flows were largely flat
Japan and EAFE exposures led non-U.S. developed markets equities with $5.8bn and $4.2bn, respectively, and each category has been steady all year bringing in over $20bn to eclipse its full-year 2014 total
Broad EM equity inflows persisted for a second straight month, with $1.6bn lifting year-to-date flows into positive territory
Currency-hedged equity ETP flows of $3.4bn were the lowest since October, but accelerated again late in the month across EAFE, Europe and Japan funds
Pan-European funds brought in $1.6bn, a six-month low, as investor sentiment moderated along with the regional economic outlook after a strong Q1