Equity ETPs hit all-time record in 2013 – BlackRock’s report

Global ETP flows accelerated in December to $24.7bn, following the Fed’s decision to begin trimming its $85bn monthly bond-buying programme, the latest BlackRock ETP Landscape Report revealed.

According to BlackRock’s report, full-year equity ETP flows set an all-time record at $247.3bn overtaking 2008, which was the only other year they exceeded $200bn.

“US exposures gathered $147.8bn in 2013, followed by Japanese exposures with $38.2bn. Pan-European funds surged in the second half of the year and finished with $26.7bn, more than double the total in 2012,” the report also reads.

Not only, total 2013 flows of $235.5bn surpassed $200bn for the second consecutive year, underscoring the industry’s continued secular growth, but the composition of flows shifted significantly in favour of equities versus 2012.

Fixed income flows of $27.5bn, while lower than 2012, remained strong thanks to investors pouring $35.9bn into short-duration ETPs, the report also revealed.

BlackRock also highlighted gold ETP outflows of $40.1bn in 2013 offset all inflows from the past three years combined, as the price of gold fell from its peak and investors turned to equities for more attractive returns.

Dodd Kittsley, global head of ETP Research for BlackRock, commented: “Total 2013 flows of $235.5bn surpassed $200bn for the second consecutive year, propelled by record inflows of $257.7bn from developed equity ETPs, as major developed equity indices tested historical highs this year.”

“ETPs continue to attract a broad base of global investors, driven by regional regulatory developments, deepening ETF liquidity, and increasing awareness among both retail and institutional clients of the benefits of ETPs.”

Click here to read full report [asset_library_tag 7411,BlackRock ETP Landscape Report]



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