{"id":55136,"date":"2023-10-13T09:30:37","date_gmt":"2023-10-13T08:30:37","guid":{"rendered":"https:\/\/www.etfworld.com\/nl\/?p=55136"},"modified":"2023-10-13T11:43:20","modified_gmt":"2023-10-13T10:43:20","slug":"blackrock-global-etp-flows-september-2023","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/blackrock-global-etp-flows-september-2023\/","title":{"rendered":"BlackRock Global ETP Flows September 2023"},"content":{"rendered":"<h5 style=\"text-align: justify;\"><strong>BlackRock Global ETP Flows<\/strong> : Muted flows: $63.1B was added to global ETPs in September, the third consecutive month-on-month decline, down from $65.7B in August.<\/h5>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\"><a href=\"\/newsletter\" class=\"broken_link\"><strong>Sign up to our free newsletters<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><strong>BlackRock Global ETP Flows September 2023<br \/>\n<\/strong><\/p>\n<hr \/>\n<p><strong><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Annemarie Stephenson&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:1311233,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0,&quot;21&quot;:0,&quot;23&quot;:2}\">Annemarie Stephenson<\/span>, <span data-sheets-formula-bar-text-style=\"font-size:13px;color:#000000;font-weight:normal;text-decoration:none;font-family:'Arial';font-style:normal;text-decoration-skip-ink:none;\">Co-Head iShares UK Asset Manager Sales<\/span><\/strong><\/p>\n<hr \/>\n<p style=\"text-align: justify;\"><strong>Positive territory:<\/strong> equities saw net inflows pick up to $50.5B in September, but this was partly offset by a slower pace of fixed income buying ($15.4B). Commodities (-$3.5B) saw continued selling.<\/p>\n<p style=\"text-align: justify;\"><strong>Rates rule:<\/strong> rates continued to dominate fixed income flows, with $16.9B added.<\/p>\n<p style=\"text-align: justify;\"><strong>Back in bUSiness<\/strong><\/p>\n<p style=\"text-align: justify;\">The pickup in equity flows was largely driven by increased allocations to US equities ($35.1B), where flows returned to levels we saw in June and July \u2013 and were significantly higher than August\u2019s muted $11.0B. Most of the US equity buying went into large cap exposures ($30.7B), and more than offset the rotation we saw out of some US sectors (see page 2). Buying of EMEA-listed US equity ETPs hit a 2023 monthly high, with $4.7B of inflows. In line with the global flows, most of this went into large caps, although allocations to EMEA-listed US sectors were in positive territory, in contrast to the global trend.<\/p>\n<p style=\"text-align: justify;\">Elsewhere in equities, existing trends continued with flows into Japanese equities, driven by APAC-listed buying. In contrast, EMEA-listed Japanese equity ETPs posted $0.7B of outflows and US-listed Japanese equity ETPs lost $1.1B \u2013 the first outflow month since February for the former and March for the latter. Global flows into EM equity ETPs dropped to $3.3B, while European equity flows stayed negative (-$1.6B).<\/p>\n<p style=\"text-align: justify;\"><strong>Rates lead again<\/strong><\/p>\n<p style=\"text-align: justify;\">Rates exposures have accounted for the majority of fixed income (FI) ETP flows in 2023, and this trend continued in September, with $16.9B added. However, the headline FI flow figure was weighed down by selling of spread assets , taking YTD FI flows to $235.1B. High yield (HY, -$1.8B) marked a second month of outflows, while $1.5B went out of emerging market debt ETPs. Investment grade (IG) credit marked its largest outflow month since March 2020 and its second-highest on record, with $4.1B of outflows. Selling was focused in US-listed IG ETPs, although EMEA-listed IG posted $0.6B of outflows. The selling intensified in the last week of the month.<\/p>\n<p style=\"text-align: justify;\"><strong>Tech holds up<\/strong><\/p>\n<p style=\"text-align: justify;\">September marked a shift in broad-based sector flow trends, with energy ($0.8B) and tech ($0.6B) the only two sectors to post inflows. The tech buying globally came despite a rotation out of US tech ETPs to the tune of -$2.9B, while energy inflows were tilted in favour of US exposures.<\/p>\n<p style=\"text-align: justify;\">The remainder of US equity sectors saw net selling in September, with $2.0B of outflows from US financials, 1.6B out of US healthcare, $0.7B out of US industrials, and $0.6B of selling from US materials. These US sector outflows contributed to broader sector trends, with net selling across all four of these sectors at a global level. Among European equity sectors, industrials ($0.1B) was the only sector to postmeaningful inflows in September, while financials (-$0.6B) bore the brunt of the outflows.<\/p>\n<p style=\"text-align: justify;\">Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock Global ETP Flows : Muted flows: $63.1B was added to global ETPs in September, the third consecutive month-on-month decline, down from $65.7B in August.<\/p>\n","protected":false},"author":4,"featured_media":55114,"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":[197,407,196],"class_list":["post-55136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maandelijkse-etf-analyse","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\/nl\/wp-json\/wp\/v2\/posts\/55136","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=55136"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/55136\/revisions"}],"predecessor-version":[{"id":55137,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/55136\/revisions\/55137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/55114"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=55136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=55136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=55136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}