iShares grabs 56% share of European ETP flows

BlackRock’s exchange-traded fund (ETF) business captured 56 per cent of all inflows into exchange-traded products (ETPs) in Europe during 2012, as its focus on developing fixed income products paid dividends.

iShares saw net inflows of $18.6bn (£11.6bn) into its European ETPs last year and brought in $85.3bn (£53.1bn) of net inflows globally, which was a 32.5 per cent share of the total inflows into all ETPs.

At the end of December 2012, iShares’ total assets under management stood at $758.6bn (£472.1bn).

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Joe Linhares, head of iShares for Europe, Middle East and Africa, said: “Fixed income was a key driver of flows, both in EMEA and globally, as investors of all kinds increasingly adopt ETFs as an essential instrument for accessing the bond markets.

“iShares captured $28.8bn (£18bn) globally or 41 per cent of all new flows into fixed income ETFs.”