February saw highest-ever flows into ETPs, report finds

ETFsReflationary trends were the primary driver which led to two records in global exchange-traded products (ETPs) being broken in February, which saw the highest year-to-date flows on record as well as the best February on record for asset gathering. The data, published today in BlackRock’s ETP Landscape report for February, found that global ETPs brought in $62.9 billion (€59.6 billion) during last month, largely fuelled by strength in US equities. The year-to-date figure stood at $124 billion. Flows into European ETPs reached $19.8 billion in the year-to-date in February, making it the second largest ever February on record. Patrick Mattar, of BlackRock’s iShares EMEA capital markets team, said that over the past year there had been $29.1 billion of flows into equities while fixed income took $28.3 billion. “This is the first time since May 2016 that equity flows have surpassed fixed-income on a rolling 12-month basis, which could be a sign of the start of a prolonged revival for equity flows.” Mattar added that flows into European mid- and small-cap equities of $303 million surpassed large-cap flows of $246 million. “This is only the second time ever that, in a month where both European large caps and small caps received inflows, small caps gathered more assets,” he said. “This reflects a global investor trend favouring domestic exposures, potentially reflecting fears around the decline in globalisation.” ©2017 funds europe

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.