{"id":61356,"date":"2025-02-17T10:19:17","date_gmt":"2025-02-17T10:19:17","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=61356"},"modified":"2025-02-20T15:21:08","modified_gmt":"2025-02-20T15:21:08","slug":"blackrock-global-etp-flows-january-2025","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/blackrock-global-etp-flows-january-2025\/","title":{"rendered":"BlackRock Global ETP Flows January 2025"},"content":{"rendered":"
BlackRock Global ETP Flows<\/strong> : $146.5B was added to global ETPs in January, moderating from $205.9B in December.<\/h5>\n

<\/p>\n

Sign up to our free newsletters<\/strong><\/a><\/p>\n

\n

BlackRock Global ETP Flows January 2025
\n<\/strong><\/p>\n

\n

Karim Chedid, head of investment strategy for iShares EMEA at BlackRock<\/b><\/strong><\/p>\n

\n

Commenting on the report, Karim Chedid, head of investment strategy for iShares EMEA at BlackRock<\/span> said<\/b>: \u201cJanuary saw a broadening out of equity ETP flows as European equity turned positive, with $3.7 billion of inflows. This was mainly driven by domestic European equities, supported by discounted valuations. US equities still took in $59.3 billion, marked by a shift into precision allocations, with notable interest in S&P equal weight exposures. Tech ETPs attracted significant interest, with investors buying on dip following AI headline-related volatility in the last week of January.\u201d<\/i><\/p>\n

    \n
  • Flows moderate:<\/strong> $146.5B was added to global ETPs in January, moderating from $205.9B in December, as equity buying dropped from an elevated $173.1B in December to $88.7B in January.<\/li>\n
  • Fixed income in focus:<\/strong> fixed income (FI) flows rose to $48.3B, and commodity flows flipped positive for the first month in three, with $1.6B added.<\/li>\n
  • EMEA-listed buying:<\/strong> January marked the second-highest inflow month for EMEA-listed ETPs on record, with buying of $32.6B \u2013 just marginally below the record $33.5B added in December.<\/li>\n<\/ul>\n

    A normalising flow backdrop<\/u><\/strong><\/p>\n

    While the headline focus in equities was the drop in buying of US exposures ($59.3B), this should be taken in context. November ($151.6B) and December ($138.4B) were the two highest inflow months for US equity ETPs on record, and January still ranks as the 15th highest monthly level.<\/p>\n

    Beyond the US, European equity flows turned positive in January, with $3.7B of inflows \u2013 the highest level since February 2023. January flows went entirely into EMEA-listed ETPs \u2013 in contrast to February 2023, when buying was fairly evenly split between US and EMEA listing regions. US-listed European equity flows were flat on the month, bucking a six month outflow trend \u2013 the exposure was out $0.3B as late as 23 January, pointing to late January buying.<\/p>\n

    Japanese equities ($0.9B) also bucked a two-month outflow trend, while emerging market (EM) equity remained popular with $6.0B of inflows. Indian equity ETPs (-$1.0B) saw their second-largest outflow month on record \u2013 the third consecutive month of selling.<\/p>\n

    Rate that<\/u><\/strong><\/p>\n

    Rates ($16.1B) returned as the most popular FI exposure in January for the first time since August 2024. Investment grade (IG) credit flows also picked up, with $8.5B added \u2013 almost 2x the $4.6B of inflows in December. High yield (HY) flows ($1.2B) flipped back into positive territory, while EM debt ($1.0B) notched up a second consecutive month of inflows for the first time since June-July 2024.<\/p>\n

    In contrast to December\u2019s meagre US Treasury (UST) flows ($0.7B), January\u2019s $13.3B of inflows accounted for 83% of rates buying. Eurozone rates ($1.6B) also picked up. Buying of gilts ($0.2B) fell to the lowest level since August 2024.<\/p>\n

    There was a slight shift in the drivers of UST inflows from December to January. In December, short-duration USTs ($9.3B) exclusively drove inflows, offset by $7.0B out of long duration peers. While short-duration US rates flows remained positive in January, they were at a lower $4.6B, supported by flows across the duration spectrum \u2013 including the first inflow month in three for long-duration ETPs ($3.9B).<\/p>\n

    Buying precision on dip<\/u><\/strong><\/p>\n

    Despite AI headline-related tech volatility in the last week of January, we saw investors buying on dip: $5.6B was added to US tech exposures in the week beginning 26 January alone \u2013 more than half of the $9.9B added to tech ETPs globally across the month. In line with the trend for much of 2024, tech was the most popular sector in January, supported by buying of financials ($3.5B), utilities ($0.5B) and industrials ($0.3B). Energy (-$2.6B) and healthcare (-$0.5B) continued their outflow trend, while materials (-$1.6B) saw the largest outflow month since July 2021.<\/p>\n

    Delving deeper, the split in cyclical flows in favour of financials and industrials is interesting: while energy outflows are not unusual, the simultaneous outflows from materials points to a cyclical bias eroding. The materials sector also didn\u2019t see sustained or outsized inflows following November\u2019s US election \u2013 after a flat Q1 and Q2 2024, and outflows in Q3, materials ended Q4 just slightly positive ($0.3B), as investors once again looked instead to industrials ($6.3B in Q4) and financials ($11.0B in Q4).<\/p>\n

    On the factor front, value remained popular in January, with a further $1.2B of inflows, while momentum flows picked up to $2.2B. Quality (-$0.3B) registered outflows for the first time since July 2023, while minimum volatility factor outflows tempered to -$0.3B.<\/p>\n

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

    BlackRock Global ETP Flows : $146.5B was added to global ETPs in January, moderating from $205.9B in December.<\/p>\n","protected":false},"author":4,"featured_media":60934,"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":"default","_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-61356","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\/61356","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=61356"}],"version-history":[{"count":3,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/61356\/revisions"}],"predecessor-version":[{"id":61373,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/61356\/revisions\/61373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/60934"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=61356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=61356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=61356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}