The global exchange-traded product (ETP) industry has doubled in size in just over four years with assets under management approaching $4 trillion by one measure.
BlackRock said global assets in ETPs, were close to $4 trillion following record year-to-date flows of $228.6 billion.
Flows in April were $40.1 billion and have been $524.5 billion over the past 12 months.
Two days ago, on May 10, ETFGI, an ETF consultancy, said global ETP assets had already broken through $4 trillion at the end of April, to stand at $4.002 trillion.
Non-U.S. equity flows exhibited the greatest momentum in April, according to BlackRock, and were driven by favourable outlooks for broad Europe and broad emerging market exposures.
Patrick Mattar, from BlackRock’s ETF firm iShares, said: “Flows into European equities continued, seemingly spurred on by the French election first round result and consensus-beating earnings numbers.”
$3.6 billion was added to European equity ETPs in April, behind the $4.9bn added in March.
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