{"id":56745,"date":"2024-02-16T10:00:03","date_gmt":"2024-02-16T10:00:03","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=56745"},"modified":"2024-02-16T11:14:30","modified_gmt":"2024-02-16T11:14:30","slug":"blackrock-global-etp-flows-january-2024","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/blackrock-global-etp-flows-january-2024\/","title":{"rendered":"BlackRock Global ETP Flows January 2024"},"content":{"rendered":"
BlackRock Global ETP Flows<\/strong> : EMEA bucks the trend: global ETPs kicked off the year with $107.5B of inflows in January, down from December\u2019s bumper $170.0B, largely due to lower US equity buying. However, EMEA-listed ETPs saw a pickup to $21.5B in January vs. $14.9B in December.<\/h5>\n

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BlackRock Global ETP Flows January 2024
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Annemarie Stephenson<\/span>, Co-Head iShares UK Asset Manager Sales<\/span><\/strong><\/p>\n

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Fixed income in focus: <\/strong>while fixed income (FI) flows increased to $38.2B, equity flows dropped from $145.0B to $70.5B month-on-month, and commodity outflows continued, with a further $4.0B out in January.<\/p>\n

Staying in credit: <\/strong>investment grade (IG) credit stole the show in January, with $14.6B of inflows, the highest monthly inflow since June 2020 and the second-highest on record.<\/p>\n

A bIG month<\/strong><\/p>\n

IG ETPs notched up their second-highest inflow month on record ($14.6B), including the biggest week on record, with $9.3B added in the week of 7th January alone. This extends a run of strong IG inflows that has seen a cumulative $36.2B added since the start of November.<\/p>\n

The pickup in IG buying month-on-month is attributable to an uptick in US-listed inflows, rising from $5.9B in December to $9.2B in January. Among EMEA-listed ETPs, flows increased marginally, from $3.2B in December to $3.5B in January. An increase in tactical positioning in EMEA-listed IG ETPs drove the buying, including an increase in the use of ETPs to express a long view.<\/p>\n

Elsewhere in FI, high yield (HY) credit flows stayed positive for a third month ($3.9B), but paled in comparison to IG. Meanwhile, rates flows flipped back into positive territory, with $3.9B of inflows in January \u2013 more than reversing the $2.6B of selling in December.<\/p>\n

Geographic divergence<\/strong><\/p>\n

Equity flows showed a seasonal drop in US-listed US equity buying, which coincides with tax deadlines in the US, driving overall equity flow levels lower. This masked a pickup in EMEA-listed buying, from $6.0B in December to $7.4B in January, including a second consecutive month of small cap buying ($0.8B in December and $0.3B in January).<\/p>\n

Emerging market (EM) equity flows also recorded their highest monthly inflows on record ($23.3B), surpassing the $22.8B added in January 2022. In contrast to December, which saw significant levels of international buying (US-listed flows accounted for c.30% in December), January\u2019s EM inflows were almost entirely driven by APAC-listed ETPs, which accounted for 99% of buying.<\/p>\n

Tech leads (again)<\/strong><\/p>\n

Tech started the year leading sector flows again, with a further $8.9B added in January, including $4.3B into US tech exposures. November to January marked a shift not only to more consistent global tech flows ($24.9B added over three months), but also to higher absolute flows into US tech ($13.0B over three months). November to January also marked the first time that US tech flows have been positive for three consecutive months since late 2021.<\/p>\n

Healthcare flows also flipped into positive territory in January, with $1.3B added \u2013 the first meaningful inflow month since August 2023 (November flows were also positive at just $0.1B). January\u2019s flows were largely split between global and US healthcare exposures. European healthcare flows have remained relatively consistent, but very small, with $0.1B added last year, and flows flat in January.<\/p>\n

Financials ETPs also notched up a third consecutive month of inflows for the first time since February-April 2023, with $0.9B added in January. Energy sector ETPs continued to be unloved (-$1.7B in January), while utilities recorded their largest outflow month since October 2022, with $1.1B out.<\/p>\n

Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

BlackRock Global ETP Flows : EMEA bucks the trend: global ETPs kicked off the year with $107.5B of inflows in January, down from December\u2019s bumper $170.0B, largely due to lower US equity buying. However, EMEA-listed ETPs saw a pickup to $21.5B in January vs. $14.9B in December.<\/p>\n","protected":false},"author":4,"featured_media":55114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[231],"tags":[197,407,196],"class_list":["post-56745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-monthly-analysis","tag-blackrock","tag-blackrock-global-etp-flows","tag-etp"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/56745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=56745"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/56745\/revisions"}],"predecessor-version":[{"id":56746,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/56745\/revisions\/56746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/55114"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=56745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=56745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=56745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}