ETPs with exposure to EM and Asia equity in demand during august as european equity fades…..
ETP Landscape August 2014
Ursula Marchioni – iShares
Global ETPs are on track for a record year following flows of $23.3bn in August, the highest ever for a month that is often impacted by a summer slowdown
Investors increased allocations to EM and Asia equity in search of relative value, but also bid up safe haven fixed income assets amid geopolitical uncertainty
EM equity had a fifth straight month of inflows with $4.7bn focused in broad EM and China funds, while developed Asia added another $3.4bn led by Japan
Concern over growth in Europe and the lack of a stronger reaction from the ECB drove pan-European equity outflows of ($2.8bn), mostly in US-listed funds
U.S. large cap equity ETPs shed ($0.1bn) but recovered following redemptions of ($13.5bn) during the first week of the month as the S&P 500 rallied to new highs
Fixed income flows of $11.5bn included a high yield rebound but the bulk of new assets went to safer long-duration Treasury and investment grade corporate funds
Source: ETFWorld.es
