Global ETPs collected USD67.2 billion in December – the second best month of the year – boosting full year flows to USD514.8 billion making it the second best year on record behind 2017, amid more volatile stock market conditions in 2018.
That’s according to the latest Global ETP Landscape report which also reveals that December flows were driven by Fixed Income with USD23.5 billion, US Equity with USD14.5 billion, Global Developed Market (DM) Equity with USD13.8 billion, Emerging Markets Equity with USD13 billion
Full year flows are lower than last year’s USD659.3 billion, but some exposures captured record flows this year including Treasury / Sovereign Bond funds with USD64.2 billion amid tighter financial conditions in 2018 including higher interest rates, a stronger dollar and more volatile stock markets
Additionally within Fixed Income, rising interest rates spurred Short Maturity fund flows to a new record of USD70 billion – more than half of all Fixed Income flows
Other new annual flow records include Emerging Markets Equity funds with USD66.4 billion, Japanese Equities with USD67.1 billion, and Smart Beta Multi-Factor Equity funds with USD14 billion