Global ETPs collected $31.0bn in October bolstered by Japan Equities with $12.8bn, Emerging Markets Equities with $10.7bn and U.S. Equities with $4.3bn and Europe Equity with ($1.1bn). Year-to-date flows climbed to $390.5bn…
Wei Li Head of Investment Strategy, ETF and Index Investments EMEA – BlackRock
Japan Equities gathered $12.8bn focused in Japan domiciled funds, the biggest month of inflows since March of this year. Solid corporate earnings along with purchases by the Bank of Japan and political stability have contributed to demand for Japanese equities.
Emerging Markets Equities collected $10.7bn led by Chinese Equities with $7.4bn against the backdrop of attractive valuations, economic reforms and continued earnings growth.
U.S. Equity inflows slowed to $4.3bn amid rising interest rates and equity market valuation declines, but year-to-date flows remain strong at $124.5bn bolstered by solid corporate earnings and strong economic growth. Flows in October were driven by Large Cap with $9.8bn offset by Financials and Real Estate sector funds with ($2.5bn) and ($2.4bn) respectively.
Fixed Income flows were mixed amid challenging U.S. Equity markets and rising interest rates. U.S. Treasury fund flows remained strong, collecting $5.2bn offset by outflows of ($2.4bn) from High Yield and ($2.7bn) from U.S. multisector bond funds
Europe Equities shed ($1.1bn) against the backdrop of relatively muted earnings growth, weak economic momentum and political risks. The outflows were driven by Broad EMU and Eurozone funds.