{"id":54828,"date":"2023-09-14T10:30:18","date_gmt":"2023-09-14T09:30:18","guid":{"rendered":"https:\/\/www.etfworld.com\/nl\/?p=54828"},"modified":"2023-09-14T16:00:41","modified_gmt":"2023-09-14T15:00:41","slug":"blackrock-global-etp-flows-august-2023","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/blackrock-global-etp-flows-august-2023\/","title":{"rendered":"BlackRock Global ETP Flows August 2023"},"content":{"rendered":"
BlackRock Global ETP Flows<\/strong> : Flows moderate: flows into global ETPs slowed to $65.3B in August, down from $90.1B in July, amid a drop in both equity and fixed income (FI) buying.<\/h5>\n

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BlackRock Global ETP Flows August 2023
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Laura Cooper, Senior Investment Strategist of iShares EMEA at BlackRock<\/strong><\/p>\n

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Cross-asset slowdown:<\/strong> equity flows fell to $45.7B in August from $60.5B in July, while FI buying waned to $22.3B from $32.1B previously. Commodity flows stayed in negative territory (-$3.2B).<\/p>\n

Rates pickup:<\/strong> rates buying drove the majority of flows into fixed income ETPs in August, with $18.5B added, notching up the exposure\u2019s largest inflow month since March this year ($35.2B).<\/p>\n

Rates rule August<\/strong><\/p>\n

Rates drove 83% of fixed income ETP buying in August, with $18.5B added, up from the three-month average of 46% from May to July. As usual, US exposures led the way ($15.3B). Digging deeper into US rates flows, August saw a notable slowdown in duration buying: allocations shifted sharply in favour of short-term tenors, with $7.6B added \u2013 nearly 4x July levels. Bund buying has also been in favour through the summer: August ($0.8B) saw the highest inflows since March 2020, adding to July\u2019s net buy of $0.5B.<\/p>\n

Beyond developed markets (DM), emerging market (EM) debt ETPs registered $0.3B of net outflows after four months of inflows from April to July ($7.3B).<\/p>\n

Elsewhere in fixed income, August saw strong selling pressure, with high yield credit (-$1.6B) and inflation -linked bonds (-$1.9B) in the red, and flat flows into investment grade (IG) credit. Yet these flows have merely dented strong credit buying this year, with $30.5B added to IG exposures from January to July.<\/p>\n

Defensive sectors lead the way<\/strong><\/p>\n

August sector flows showed a defensive tilt, led by tech and healthcare. Tech drove inflows over the summer, with $17.2B added from May to July and a further $12.2B in August. With a cumulative $33B of inflows YTD, tech sector flows have already surpassed the $26B added over 2022 \u2013 putting the sector on track to be the most popular for the fifth year running. Healthcare buying also returned in August ($1.8B). Cyclical flows continued to shift in August. Financials outflows (-$3.3B) more than reversed July\u2019s inflows ($2.4B), suggesting it may be too soon to call a turn in sentiment.<\/p>\n

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

BlackRock Global ETP Flows : Flows moderate: flows into global ETPs slowed to $65.3B in August, down from $90.1B in July, amid a drop in both equity and fixed income (FI) buying.<\/p>\n","protected":false},"author":4,"featured_media":52857,"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-54828","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\/54828","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=54828"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/54828\/revisions"}],"predecessor-version":[{"id":54829,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/54828\/revisions\/54829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/52857"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=54828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=54828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=54828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}