BlackRock Global ETP Landscape

Global ETPs gathered $52.6bn in November, including $40.9bn in equity funds which drove year-to-date equity fund flows to $404.5bn, led this month by U.S. and broad developed markets (DM) equities and bolstered by fixed income. U.S. equities brought in $17.4bn including $5.5bn across cyclical sector funds and with strength in momentum and value factor funds amid a backdrop of solid economic growth.

Broad DM equity funds collected $9.6bn spurred by strong earnings and economic data coupled with accommodative central bank policies. Fixed income funds captured $11.0bn for the month, led by investment grade corporates with $4.1bn and inflation-protected bonds with $1.2bn