Sign up to our free newsletters<\/a><\/strong><\/p>\n
\nGlobal ETP Flows October 2021
\n<\/strong><\/p>\n
\nThe increase was driven primarily by a pickup in equity buying, which reached $85.8B in October, up from $62.6B in September. <\/strong><\/p>\nInflows into US equity ETPs more than doubled from $28.3B to $59.8B. <\/strong><\/p>\nFixed income flows fell to $21.5B, despite a record month of inflows for inflation-linked bond ETPs. <\/strong><\/p>\nInterest in commodity ETPs remained lacklustre, with $0.5B of outflows in October.<\/strong><\/p>\nKey themes in October:<\/strong><\/span><\/p>\nLand of the rising flows<\/strong><\/span><\/p>\n Inflows into US equity ETPs hit $59.8B in October<\/strong><\/span> \u2013 more than double September\u2019s $28.3B \u2013 and helped to drive an overall pickup in equity flows. US equity buying rose across US and EMEA-listed ETPs, with US listed flows at the highest level since June, and EMEA-listed buying at the highest level since March.<\/p>\n Japanese equity flows remained consistent in the run up to the election<\/strong><\/span>: $3.3B was added globally in October vs. $3.4B in September, continuing an inflow streak that has almost erased the $17.5B of outflows from January 2018-May 2020. Buying in EMEA-listed Japanese equity ETPs drove 31% of the global inflows in October \u2013 up from 18% in September \u2013 while US listed flows turned negative (-$0.8B), reversing the $0.9B of inflows in the previous month.<\/p>\n Flows into EMEA-listed Japanese equity ETPs have reached $6.3B so far this year<\/strong><\/span> \u2013 on track to set a new annual record \u2013 while flows into US-listed ETPs are set to end the year in positive territory for the first time since 2013, with $0.5B added so far.<\/p>\nInflating expectations<\/strong><\/span><\/p>\n October was a record month for inflation-linked bond ETP flows<\/strong><\/span> amid rising inflation concerns, with $6.5B added. This was nearly double September\u2019s $3.5B and takes global flows to $39.9B YTD \u2013 more than double the $17.3B added in 2020. October\u2019s flows were primarily driven by buying in US-listed ETPs ($5.9B), although inflows into EMEA-listed products also rose 5.5x month-on-month to $0.5B.<\/p>\n The majority of inflation-linked flows went into products focused on the US<\/strong><\/span>, continuing the trend seen over the past couple of years. Buying in eurozone inflation linkers also increased to $0.4B \u2013 the third highest on record, and up from $0.1B in September.<\/p>\n Elsewhere in fixed income, high yield (HY) and investment grade (IG) flows<\/strong><\/span> moved in opposite directions for the first time since July, with $0.7B out of IG and $1.8B into HY. Buying in rates also rose to the highest level since June, with $5.6B of inflows, primarily into US Treasury exposures.<\/p>\nEquity ballast<\/strong><\/span><\/p>\n Global flows into minimum volatility (min vol) ETPs<\/strong><\/span> turned positive in October for the first time since February 2020, with $0.5B added. Simultaneously, quality ETP flows returned to positive territory ($0.8B) after outflows in September (-$0.6B), while value flows were marginally negative in the exposure\u2019s third outflow month of the year.<\/p>\n Delving deeper, flows into min vol ETPs<\/strong> <\/span>were driven by buying of US-listed US-focused exposures, while EMEA-listed products notched up $0.2B of outflows \u2013 cancelling out the $0.2B of inflows across the previous two months.<\/p>\n At a sector level, flows once again pointed to a barbell approach<\/strong><\/span>, with tech ($5.5B) and financials ($4.6B) leading the way. Investors continued to sell more manufacturing-tilted cyclical sectors, such as industrials (-$1.2B) and materials (-$0.3B), in a continuation of trends that have persisted across the second half of the year.<\/p>\nSustainable flows accelerate<\/strong><\/span><\/p>\n Sustainable flows picked up momentum in October<\/strong><\/span>, with $10.0B of net inflows across US and EMEA-listed ETPs \u2013 surpassing the previous two months and coming in as the sixth largest month of 2021. EMEA-listed ETPs gathered $7.0B \u2013 more than double the amount added to US-listed counterparts ($3B).<\/p>\n EMEA flows were led by best-in-class equity strategies ($3.6B)<\/strong><\/span>, which in turn were driven by strong inflows into global ($1.7B) and US exposures ($0.7B). ESG themes saw $1.3B of inflows, while ESG optimised\/tilt strategies gathered $1.1B. Within ESG themes, flows into clean energy ETPs bounced back from -$38m in September to $0.2B in October. Flows into climate exclusive strategies rose sharply from $0.3B in September to $1.0B in October, largely driven by buying of Climate Transition Benchmark (CTB)\/Low Carbon Transition strategies.<\/p>\n Breaking down US-listed sustainable flows, ESG optimised exposures<\/strong><\/span> gathered the most assets in October ($0.7B), albeit less than the previous month ($1.0B). Environment-based strategies saw a significant increase, bringing in $0.6B; while this represents a significant uptick from the average over the previous six months ($0.2B), the rise was solely due to a $0.5B inflow into an individual solar strategy. Screened strategies also saw an increase in flows, with $0.6B added in October, up from $0.4B in September.<\/p>\nSource: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
BlackRock Global ETP Flows : Global ETP buying rebounded in October to the highest level since June, with $113.0B of inflows, up from $86.7B in September.<\/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":[407,196],"class_list":["post-23542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maandelijkse-etf-analyse","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\/nl\/wp-json\/wp\/v2\/posts\/23542","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=23542"}],"version-history":[{"count":3,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/23542\/revisions"}],"predecessor-version":[{"id":23546,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/23542\/revisions\/23546"}],"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=23542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=23542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=23542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}