Fixed income drives spring ETP inflows

Global exchange-traded product (ETP) inflows in April were fuelled by fixed income which doubled in comparison to the previous month.

According to BlackRock’s monthly ‘Global ETP Landscape’ report, April industry inflows were $35.4 billion (€29.78 billion) as flows into fixed income funds accelerated and US equity flows turned positive after two months of outflows.

Global fixed income inflows during April reached $17.3 billion – a ten-month high – diversified across US treasuries with $6.6 billion, investment grade corporate bonds with $3.2 billion and broad multi-sector funds with $3 billion.

Gold funds, traditionally viewed as a safe-haven asset, collected $3 billion. Gold inflows strengthened amid geopolitical tensions including trade tensions between the US and other countries, and strained relationships in the Middle East.

Emerging markets equities generated $6.5 billion focused in broad funds with $3.8 billion bringing the year-to-date inflows to $29.5 billion. Emerging market central banks have been easing, creating a supportive macro environment for emerging market growth. 

European equities saw continued outflows of $5.7 billion. European equity funds have lost $11.5 billion over the past two months, the first sequential outflows since late 2016.

©2018 funds europe

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