EM and US lead year’s best sales for ETFs

Emerging markets and US equities helped fuel the best sales of the year so far for exchange-trade funds (ETFs) in July. Data from BlackRock shows that broad emerging market equity and debt funds saw inflows globally of $8.2 billion (€7.3 billion) and $3.9 billion, respectively, during the month. The rise in emerging market investment was due to investors favouring assets less impacted by the Brexit vote in the UK, said BlackRock, though the firm added that emerging market debt funds should continue to benefit as investors hunt for yield. US equity inflows reached $32 billion, the highest since December 2014. Overall flows into ETFs and other exchange-traded products were $55.2 billion during the month, with higher yielding fixed income categories also gaining flows. Commenting on emerging markets, Alastair Reynolds, global emerging markets equity portfolio manager at the UK’s Martin Currie, said: “The backdrop for emerging markets investors continues to be a testing one, with macroeconomic and political clouds, but we believe the negativity surrounding the asset class has been excessive.” ©2016 funds europe

Executive Interviews

INTERVIEW: ‘It is what it is’

Dec 22, 2016

Jeff Conway, regional chief executive for State Street, talks to David Stevenson about regulation and how the firm will handle the challenge of tech disruption.

MASHREQ CAPITAL INTERVIEW: A new direction

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The new chief executive of Mashreq Capital talks to George Mitton about fund launches, management style and why he is the right person for the job.

Roundtables

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.

EMERGING MARKETS ROUNDTABLE: The re-emergence

Jan 03, 2017

2016 was the year emerging markets returned to the spotlight, as they regained ground since the 2012 sell-off. Funds Europe asked our panel if this appetite will persist in 2017.