Global ETPs collected USD56.5 billion in November – the best month since January of this year – propelled by Fixed Income and strength across most equity categories with the exception of European Equities, according to BlackRock’s latest monthly Global ETP Landscape report.
Fixed Income gathered USD18.7 billion – the highest month since June 2017 – led by US Treasury funds with USD9.1 billion and then diversified across several other fund categories amid tighter financial conditions including higher interest rates, a stronger dollar and more volatile stock markets.
US Equity inflows accelerated to USD19.0 billion – nearly five times last month’s total – boosted by solid US corporate earnings and strong US economic growth.
Emerging Markets (EM) Equities had a second month of robust inflows with USD10.3 billion split between Broad Multi-Country funds and Single-Country funds led by China Equities with USD2.4 billion as investors consider the agreement to delay the imposition of new US tariffs for 90 days.
Europe Equities shed (USD2.3 billion) – the ninth consecutive month of outflows – against the backdrop of relatively muted earnings growth, weak economic momentum and political uncertainty