{"id":22711,"date":"2021-04-13T14:10:50","date_gmt":"2021-04-13T13:10:50","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/?p=22711"},"modified":"2021-04-13T14:18:27","modified_gmt":"2021-04-13T13:18:27","slug":"blackrock-etp-landscape-global-etp-flows-march-2021","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/blackrock-etp-landscape-global-etp-flows-march-2021\/","title":{"rendered":"BlackRock ETP Landscape : Global ETP Flows March 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">BlackRock ETP Landscape: March global flows: Marching to new records<\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\"><strong><a href=\"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/newsletter\" class=\"broken_link\">Sign up to our free newsletters<\/a><\/strong><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><strong>Global ETP Flows March 2021<br \/>\n<\/strong><\/p>\n<hr \/>\n<p style=\"text-align: justify;\">Global ETP flows set another record in March, for the third time in the past six months: net flows rose to $133.4B, vs. $131.8B in February. March flows were driven by record buying in equity ETPs ($117.9B), which took Q1 equity ETP flows to $283.5B \u2013 eclipsing the previous record set in Q4 2020 ($202.2B). US equity inflows reached new highs in March ($75.6B), with quarterly rebalancing leading to significant US-listed flows in particular.<\/p>\n<p style=\"text-align: justify;\">The march to sustainable continued, with flows on an even steeper trajectory than last year: Q1 flows hit $43.8B \u2013 over 50% of 2020\u2019s total ($81.9B). This was despite sustainable ETP flows falling to $10.3B in March, vs. a record $17.3B in February. EMEA-listed flows have accounted for 70% of the YTD flows (compared to c.60% in 2020).<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #9ab62f;\">A cyclical tilt<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\">Equity sector ETP flows remained strong in March, albeit with a distinct shift to more cyclical exposures. Financials ($6.6B) and energy (a record $6.3B) were the most popular; tech flows, however, fell from a record $13.4B in February to $1.4B in March \u2013 the lowest since September 2020.<\/p>\n<p style=\"text-align: justify;\">Despite the fall in global tech flows in March, Q1 was a record quarter for the sector ($23.4B, up from $17.3B in Q4 2020). The increased use of sector ETPs as a way to incorporate selectivity within equity allocations also led to record quarters for financials ($22.4B), energy ($14.2B), industrials ($8.1B) and materials ($5.2B).<\/p>\n<p style=\"text-align: justify;\">The cyclical tilt was also evident in factor flows: value ETPs gained $7.6B in March \u2013 the largest inflows for any factor on record \u2013 solidifying a record quarter for value buying ($11.4B). Momentum was the next most popular ($1.9B).<\/p>\n<p style=\"text-align: justify;\">Outflows from quality moderated in March, but the factor posted its first outflow quarter (-$2.6B) since Q2 2015.<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #9ab62f;\">Muted fixed income<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\">Fixed income flows were relatively muted, with $17B added in March \u2013 the lowest inflows since market volatility in March 2020. Investors started to allocate back to rates ETPs for the first time since October 2020, with $5.3B of inflows (largely into US-listed ETPs and partly rebalancing related), making it the most popular FI exposure in March and taking Q1 rates inflows to $3.6B \u2013 the first positive quarter since Q2 2020.<\/p>\n<p style=\"text-align: justify;\">The lack of conviction in credit continued in March, with outflows from investment grade (IG) and high yield (HY). IG selling was driven by c.$3B of EMEA-listed outflows. EMEA-listed emerging market debt ETPs also registered outflows for the first time since April 2020 (-$0.5B), amid marginal global inflows. Inflation-linked ETPs gained a record<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #9ab62f;\"><strong>$10.4B in Q1 2021, amid rising inflation expectations.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock ETP Landscape: March global flows: Marching to new records<\/p>\n","protected":false},"author":4,"featured_media":21172,"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":[231],"tags":[311,196],"class_list":["post-22711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maandelijkse-etf-analyse","tag-blackrock-etp-landscape","tag-etp"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/22711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=22711"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/22711\/revisions"}],"predecessor-version":[{"id":22713,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/22711\/revisions\/22713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/21172"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=22711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=22711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=22711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}