{"id":55862,"date":"2016-09-16T01:25:00","date_gmt":"2016-09-15T23:25:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/blackrock-etp-landscape-global-etps-flows-accelerate-ahead-of-2015-pace-as-emerging-markets-climb-to-record-territory\/"},"modified":"2016-09-16T01:25:00","modified_gmt":"2016-09-15T23:25:00","slug":"blackrock-etp-landscape-global-etps-flows-accelerate-ahead-of-2015-pace-as-emerging-markets-climb-to-record-territory","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/blackrock-etp-landscape-global-etps-flows-accelerate-ahead-of-2015-pace-as-emerging-markets-climb-to-record-territory\/","title":{"rendered":"BlackRock ETP Landscape &#8211; Global ETPs fLows accelerate ahead of 2015 pace as emerging markets climb to record territory"},"content":{"rendered":"<ul>\n<li> <em> <strong>Broad EM equities gathered $6.2bn and EM debt funds collected $1.9bn with<br \/>\nboth categories on record year-to-date pace amid a leveling of commodity prices<br \/>\nand a weaker U.S. dollar<\/li>\n<li> U.S. equities generated inflows of $16.6bn focused in large caps and with strong<br \/>\nflows to dividend-weighted and preferred stock strategies as investors search for<br \/>\nincome<\/li>\n<li> Fixed income collected $11.6bn driven by investment grade corporate bonds<br \/>\nwith $5.0bn, which are also on record year-to-date pace, as investors show<br \/>\npreference for higher-yielding categories<br \/>\n<\/strong> <\/em><\/li>\n<\/ul>\n<p><quote><br \/>\nGlobal ETPs gathered $39.8bn in August bringing year-todate<br \/>\nflows to $213.4bn, ahead of 2015\u2019s record-setting pace.<br \/>\nSimilar to July, investors favored U.S. and emerging markets<br \/>\n(EM) equities as well as EM and corporate debt.<\/quote><\/p>\n<p><strong>Broad EM equity<\/strong> funds maintained momentum collecting<br \/>\n$6.2bn, marking a third consecutive month of inflows, amid a<br \/>\nleveling of commodity prices and a weaker U.S. dollar. The<br \/>\ncategory remains on record pace with $22.9bn year-to-date.<br \/>\nU.S. equities held course with inflows of $16.6bn including<br \/>\nlarge caps with $7.3bn. Equity income-generating strategies<br \/>\ngathered assets against the backdrop of low and negative<br \/>\nyields globally: Dividend-weighted funds brought in $1.4bn<br \/>\nand preferred stock funds added a monthly record $1.1bn<br \/>\nand year-to-date gains of $5.2bn already exceed last year\u2019s<br \/>\nrecord flows. This same backdrop of low yields also benefited<br \/>\ngold miners which saw inflows of $1.8bn.<\/p>\n<p><strong>EM debt<\/strong> funds saw inflows with $1.9bn in August. Year-todate<br \/>\nflows to the category are $12.7bn surpassing the 2012<br \/>\nfull-year flow record of $8.3bn. <strong>Investment grade corporate<\/strong><br \/>\nbond funds drew in $5.0bn in August and have been strong all<br \/>\nyear thanks to a number of tailwinds (see below). Year-to-date<br \/>\nflows of $29.2bn are also already above last year\u2019s record<br \/>\ntotal inflows.<\/p>\n<p>Finally, European equity outflows persisted in August. <strong>PanEuropean<br \/>\nequities<\/strong> shed ($2.7bn) and <strong>German equities<\/strong> shed<br \/>\n($1.1bn) as earnings continued to deteriorate and inflation<br \/>\nremains stubbornly low.<\/p>\n<p>Ursula Marchioni, Chief Strategist, iShares EMEA commented: <em>\u201cThere was no August lull in the ETP landscape, with flow volumes still going strong at $39.8bn. July and August saw a total of $95bn of inflows into global ETPs, making Q3 the strongest quarter of the year so far, and that is without September\u2019s data.  \u201d<\/p>\n<p>\u201cEmerging markets, across both equity and fixed income, stole the show this month. A benign Dollar, stable oil and decent data in China, coupled with positive signs from the earnings side, explains why ETP equity flows into this sector show no sign of abating. For fixed income, the search for yield which is on-going globally is also a strong supportive point.&#8221;<\/p>\n<p>\u201cOver the past six months, gold has been a standout for ETP flows. With over $1bn of inflows into gold in August, it is worth noting that this is half the amount that was recorded in July and a quarter of that witnessed in May and June. Despite the recent fall in the gold price, we still consider gold to be attractive from a diversification perspective.\u201d<\/p>\n<p>\u201cWithin the European ETP Landscape, flows in August meant equity ETP inflows for the year have returned to positive levels.  This is a clear indicator of investors starting to become less risk averse, following recent post-Brexit market volatility . At the same time, investor demand for smart beta strategies continues with $3.4bn of inflows this month. Within European equities specifically, whilst broad European equity funds continue to witness large outflows, European factor funds have gathered net inflows. This divergence suggests that when investors start to reallocate back to European equities, they do so taking a precautious and selective view, rather than going into broad market exposures.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global ETPs brought in $39.8bn in August driving year-to-date flows ahead of<br \/>\n2015 pace on strength in emerging markets (EM) and U.S. equities as well as<br \/>\nEM debt and investment grade corporate bonds&#8230;<\/p>\n","protected":false},"author":20,"featured_media":55860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1718,1651,1437,2007,1662,1776,2234,2068],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/55862"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=55862"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/55862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/55860"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=55862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=55862"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=55862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}