Key statistics for May 2015:
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$18.3bn flowed into global ETPs in May, bringing year to date asset gathering to $123.8bn
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Inflows of $1.6bn into pan-European ETFs, sector’s lowest for six months
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US equity ETFs gather $0.4bn after heavy outflows in April; Japan maintains momentum with $5.8bn of flows
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Emerging market equity ETFs see inflows for the second month in a row, at $2.7bn
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Fixed income flows flat overall but remain ahead of 2014’s record breaking pace
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US investment grade bond ETFs gather $0.9bn and emerging market debt $0.5bn; outflows of $2.8bn from US Treasuries ETFs
Ursula Marchioni, Head of ETP Research at BlackRock commented:
“2015 has been so far dominated by two trends: outflows from US equity exposures and inflows into most of the other developed equity markets. ETPs giving exposure to Europe, Australasia and developed markets in the Far East have seen cumulated inflows of $35.8bn year to date - $4.2bn of which in May alone. Within this trend, Japanese equity ETFs have been particularly popular, as part of a stock market surge that’s pushed the Nikkei 225 to its highest level since 2002.
“Looking at the May monthly flows, our ETP data suggests that investors’ attraction for European equities might start to cool. Pan European equity funds continued to see inflows, but at a slower pace than over the past six months. The majority of inflows came late in the month, following news that the ECB could conduct its bond purchases earlier than anticipated.
“Flows into global fixed income ETFs remain greater than in 2014, which was a record year for the asset class. Nevertheless, flows have been volatile - mostly driven by investors’ uncertainty about the timing of a US interest rates increase.”
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