Global asset flows into fixed income exchange traded products (ETPs) in January set a new monthly record, attracting USD9.1 billion in net new assets. This helped propel the ETP industry to its best January ever with USD34.1 billion in net new assets and a total of USD1.651 trillion in assets under management (AUM), according to BlackRock’s January ETP Landscape Report.
Within fixed income, investors sought yield and favoured investment grade bond and high yield ETPs, gathering USD7 billion of net inflows of the total USD9.1 billion in fixed income ETPs.
Looking to the broader ETP industry, BlackRock’s January ETP Landscape Report also found that ETP industry flows were up 116% versus December 2011 and up 144% versus January 2011, which was previously the best January on record.
ETP AUM as of January 2012 is up 8.3% from 2011 year-end AUM, while Equity ETP flows in January rose to USD22.6 billion, a level not seen since October, 2011.
Emerging markets equity ETPs captured USD6.6 billion in net new assets in January, reversing the trend from the latter half of 2011 when four of the last six months had experienced net redemptions.
