{"id":15705,"date":"2019-10-16T11:20:45","date_gmt":"2019-10-16T09:20:45","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.es\/?p=15705"},"modified":"2021-04-30T15:34:46","modified_gmt":"2021-04-30T13:34:46","slug":"blackrock-etp-landscape-etp-flows-september-2019","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/es\/blackrock-etp-landscape-etp-flows-september-2019\/","title":{"rendered":"BlackRock ETP Landscape : ETP Flows September 2019"},"content":{"rendered":"<p style=\"text-align: justify;\">BlackRock ETP Landscape: September marked a return for inflows into EMEA-listed exchange traded products (ETPs), with $20B of inflows, smashing the previous record set in July&#8230;.<\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p><strong><a href=\"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.es\/newsletter\">Si desea recibir las principales noticias de ETFWorld.es suscr\u00edbase a nuestros Newsletters gratuitos. Haga clic aqu\u00ed para suscribirse gratuitamente<\/a><\/strong><\/p>\n<hr \/>\n<p><strong>EMEA-listed ETP Flows September 2019<\/strong><\/p>\n<hr \/>\n<p style=\"text-align: justify;\">This followed a record outflow month in August. $13.9B went into equity ETPs in September (reversing the $13B lost amid market volatility in August), $5.1B into fixed income and $0.8B into commodities.<\/p>\n<p style=\"text-align: justify;\"><strong>Key themes this month<\/strong>:<\/p>\n<ol style=\"text-align: justify;\">\n<li><strong>European equities go back to black: European equities notch up inflows<\/strong><\/li>\n<li><strong>A bIG streak: nine months of inflows for investment grade<\/strong><\/li>\n<li><strong>Investors turn cold on min vol: dropping interest in minimum volatility<\/strong><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><strong>European equities go back to black<\/strong><\/p>\n<p style=\"text-align: justify;\">&#8211; <strong>European equities notched up the largest monthly inflow since February 2018,<\/strong> with $3.7B added in September. This marks the first quarterly net inflow since Q3 2018, when $2.4B flowed in. YTD flows are still well into negative territory at -$8.3B, as heavy selling from March-June has not yet been reversed.<\/p>\n<p style=\"text-align: justify;\">&#8211;<strong> Elsewhere, record inflows continued as investors also turned to US equities<\/strong>, with the exposure gathering $5.3B \u2013 the largest monthly inflow on record, in comparison to just $98m of inflows in August. To put this in context, prior to September, YTD flows into US equities stood at $4.5B.<\/p>\n<p style=\"text-align: justify;\">&#8211; <strong>In contrast, investors sold emerging market (EM) equities for a second consecutive month (-$1B).<\/strong> This marks the third outflow month for the exposure this year, albeit significantly less than the -$3.7B outflows in August. It is worth noting that global investors turned incrementally more negative on EM earlier in the year than EMEA investors.<\/p>\n<p><strong>A bIG streak<\/strong><\/p>\n<p style=\"text-align: justify;\">&#8211; <strong>In fixed income, inflows were once again well spread between investment grade (IG) with $1.4B, emerging market debt (EMD) with $1.2B, and rates with $1.2B,<\/strong> while investors sold high yield (HY) for only the second time this year (-$120m). IG has now notched up nine consecutive months of inflows, in the longest inflow streak since February 2016. IG is still the most popular fixed income exposure this year, with $16.1B of inflows YTD out of $50.1B total flows into fixed income ETPs.<\/p>\n<p style=\"text-align: justify;\">&#8211; <strong>Inflows into rates were predominantly into short and intermediate-term ETPs<\/strong> \u2013 almost entirely USTs \u2013 with longer-term ETPs gathering just $141m. Total flows into rates, while still positive, were down significantly from the previous month ($2.2B in August).<\/p>\n<p style=\"text-align: justify;\"><strong>EMD inflows offset the $1B lost in August,<\/strong> and were once again skewed towards hard currency ETPs, which have proved to be more popular among investors since June. Local currency ETPs also gathered assets, in the region of $370m.<\/p>\n<p style=\"text-align: justify;\"><strong> Investors turn cold on min vol<\/strong><\/p>\n<p style=\"text-align: justify;\">&#8211; <strong>Investors sold minimum volatility ETPs in September for the first time since May 2018<\/strong> amid broad outflows across factors. $0.3B was lost following on from $0.5B added in August, against the global trend. The factor has been the most popular this year by far, with YTD inflows standing at $3.5B in EMEA and $25B globally. Quality, the next most popular factor, has gathered $1.1B YTD.<\/p>\n<p style=\"text-align: justify;\">&#8211; <strong>Commodity flows simultaneously dropped to the lowest level in four months, with $0.8B added in September,<\/strong> compared to at least $1.7B added in each of the prior three months. Once again, buying in gold was the driver, accounting for 80% of the inflows. Silver ETPs, which have been popular since June, lost $0.1B, essentially cancelling out the $0.1B of inflows in August.<\/p>\n<p>Fuente: ETFWorld<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock ETP Landscape: September marked a return for inflows into EMEA-listed exchange traded products (ETPs), with $20B of inflows, smashing the previous record set in July&#8230;.<\/p>\n","protected":false},"author":4,"featured_media":15708,"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":false,"_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":[100],"tags":[86,162,85],"class_list":["post-15705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analisis-mensual-etf-en","tag-blackrock","tag-blackrock-etp-landscape","tag-etp"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"featured_image_urls_v2":{"full":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"thumbnail":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape-150x150.png",150,150,true],"medium":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape-300x225.png",300,225,true],"medium_large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"1536x1536":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"2048x2048":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"ultp_layout_landscape_large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"ultp_layout_landscape":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"ultp_layout_portrait":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"ultp_layout_square":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false],"mailpoet_newsletter_max":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2019\/10\/BlackRock-ETP-Landscape.png",400,300,false]},"post_excerpt_stackable_v2":"<p>BlackRock ETP Landscape: September marked a return for inflows into EMEA-listed exchange traded products (ETPs), with $20B of inflows, smashing the previous record set in July&#8230;. Si desea recibir las principales noticias de ETFWorld.es suscr\u00edbase a nuestros Newsletters gratuitos. Haga clic aqu\u00ed para suscribirse gratuitamente EMEA-listed ETP Flows September 2019 This followed a record outflow month in August. $13.9B went into equity ETPs in September (reversing the $13B lost amid market volatility in August), $5.1B into fixed income and $0.8B into commodities. Key themes this month: European equities go back to black: European equities notch up inflows A bIG streak:&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/www.etfworld.com\/es\/category\/news\/analisis-mensual-etf-en\/\" rel=\"category tag\">An\u00e1lisis Mensual ETF (EN)<\/a>","author_info_v2":{"name":"Equipo Editorial","url":"https:\/\/www.etfworld.com\/es\/author\/equipo-editorial\/"},"comments_num_v2":"0 comentarios","_links":{"self":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/15705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/comments?post=15705"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/15705\/revisions"}],"predecessor-version":[{"id":15710,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/15705\/revisions\/15710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/media\/15708"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/media?parent=15705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/categories?post=15705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/tags?post=15705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}