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Exchange-traded product inflows hit highest ever level
Flows into exchange-traded products (ETP) hit their highest level on record in January, raking in $34.1bn (£21.4bn) in net inflows.
According to an ETP Landscape Industry Summary released from BlackRock - which owns ETP giant iShares - the figures were 144 per cent higher than the previous year, which brought in $13.9bn, and the highest level of new assets since September 2010.
Flows into the sector in December were “strong”, at $15.8bn, and the report said January’s figures bucked the trend of flows typically dropping following high inflows in December.
According to the report, “the last time that January’s inflows eclipsed December’s was in 1994”.
Fixed income ETPs had record inflows, bringing in $9.1bn of new assets, which the report said were driven by investment grade and high yield corporate bond products.
Equity ETPs hit their highest level since October 2011 with $22.6bn, with North American and emerging market products seeing the greatest inflows.
The report said that State Street had the highest number of top asset-gathering ETPs, with five of the top ten.
