{"id":60637,"date":"2024-09-11T10:00:37","date_gmt":"2024-09-11T09:00:37","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=60637"},"modified":"2024-09-12T15:53:44","modified_gmt":"2024-09-12T14:53:44","slug":"blackrock-global-etp-flows-august-2024","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/blackrock-global-etp-flows-august-2024\/","title":{"rendered":"BlackRock Global ETP Flows August 2024"},"content":{"rendered":"<h5 style=\"text-align: justify;\"><strong>BlackRock Global ETP Flows<\/strong> : After a record $198.0B of inflows in July, levels moderated to $129.7B in August, in line with the monthly average in 2024 ($124.8B).<\/h5>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\"><a href=\"\/co.uk\/newsletter\"><strong>Sign up to our free newsletters<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><strong>BlackRock Global ETP Flows August 2024<br \/>\n<\/strong><\/p>\n<hr \/>\n<p><strong><b>Karim Chedid, head of investment strategy for iShares EMEA at BlackRock<\/b><\/strong><\/p>\n<hr \/>\n<p style=\"text-align: justify;\">Commenting on the report, <strong>Karim Chedid, head of investment strategy for iShares EMEA at BlackRock,<\/strong> said, \u201cAugust saw $129.4B added to Global ETPs, aligning with the monthly average for 2024. So far, 2024 has seen ETF inflows achieve record levels. Equity flows reached $85.0B, while fixed income flows slowed to $41.6B, still marking the third-highest inflow month of the year reflecting rising expectations of central bank easing. Tech continued to lead sector flows with $10.6B added, followed by financials and utilities, which also saw positive inflows.\u201d<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Levels normalise:<\/strong> After a record $198.0B of inflows in July, levels moderated to $129.7B in August, in line with the monthly average in 2024 ($124.8B).<\/li>\n<li><strong>Flows across the board:<\/strong> Equity flows reached $85.3B, while fixed income flows slowed to $41.5B \u2013 still netting the third-highest inflow month of the year.<\/li>\n<li><strong>Breadth in sectors:<\/strong> In line with trends observed over the summer, tech continued to lead sector flows, with financials and utilities also popular.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Conviction in precision<\/strong><\/p>\n<p style=\"text-align: justify;\">Tech led sector flows in August, with $10.6B added, taking YTD flows above $40B. The next most popular sector YTD is financials, at just over $9B. In line with the trend observed over the summer; financials ($3.1B) and utilities ($0.8B) also notched up positive inflow months. Financials have added $7.4B over the past three months, largely into US financials, while eurozone financials flows netted out over the summer, after outflows in August offset the buying in June and July.<\/p>\n<p style=\"text-align: justify;\">The $4.4B added to utilities from May-August has turned YTD flows positive, and is indicative of the increasingly rate-cut-focused allocations we\u2019ve seen coming through in sector flows. At the same time, the market volatility at the start of August led to the second-biggest inflow week of the year for the sector ($0.8B). Flows have largely gone into US utilities, with some marginal global and European utilities allocations too.<\/p>\n<p style=\"text-align: justify;\"><strong>Consistency in equity<\/strong><\/p>\n<p style=\"text-align: justify;\">While overall equity flows dropped from the elevated levels seen in July, trends remained consistent across the summer. US equity once again led with $48.4B added in August, while emerging market (EM) flows also remained positive at $22.0B, and investors continued to add to European equity ETPs, with a further $1.5B of inflows.<\/p>\n<p style=\"text-align: justify;\">Following the market volatility in Japan at the start of August, Japanese equity ETP flows picked up on the month to reach $2.5B of inflows.<\/p>\n<p style=\"text-align: justify;\">European equity flows have been driven by domestic buying \u2013 EMEA-listed flows hit $2.4B in August but were offset by a second month of outflows from US-listed European equity ETPs (-$1.0B in August). Versus July, mid cap and financials flows dropped off within European equity, while health care and large cap flows picked up.<\/p>\n<p style=\"text-align: justify;\"><strong>Rates and investment grade persist<\/strong><\/p>\n<p style=\"text-align: justify;\">Rates flows in August stayed in line with July levels, with $18.6B added, while multi-sector flows picked up to $11.5B and investment grade (IG) exposures gathered $7.9B. EM debt and high yield (HY) credit dropped off versus July \u2013 consistent with the broader unwillingness we\u2019ve seen among investors to take persistent risk in fixed income this year.<\/p>\n<p style=\"text-align: justify;\">Within the $0.6B of European rates flows, short duration exposures were by far the most popular ($0.7B), building on the $0.5B added in July, while intermediate and long-end outflows offset the buying on the month. This stands in contrast to the trends in US rates flows, where buying has been consistent across maturities: intermediate-term flows picked up MoM to $3.1B, while short-term flows slightly dropped to $5.3B.<\/p>\n<p style=\"text-align: justify;\">Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock Global ETP Flows : After a record $198.0B of inflows in July, levels moderated to $129.7B in August, in line with the monthly average in 2024 ($124.8B).<\/p>\n","protected":false},"author":4,"featured_media":60186,"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":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_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-60637","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\/60637","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=60637"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/60637\/revisions"}],"predecessor-version":[{"id":60638,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/60637\/revisions\/60638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/60186"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=60637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=60637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=60637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}