Flows to ETPs reach $10.3bn in April

Global ETPs attracted $10.3bn in April, keeping year to date flows at $79.9bn, ahead of the $66.3bn of inflows accounted for during the same period in 2012, according to data published by BlackRock.

In April, $9.5bn of flows into fixed income and $9.6bn of flows into equities were offset by $8.7bn of outflows from gold ETPs.  Flows of ETPs moderated as investors expressed caution amidst less positive economic growth forecasts.

Within fixed income ETPs, flows into US Treasury ETPs picked up with $2.2bn, while short maturity ETPs continued to attract the majority of fixed income flows with $5.6bn for the month.  Flows into shorter duration products show investors are continuing to position themselves for a potential rise in interest rates.

Equity ETP flows were led by developed equities with $13.1bn of flows, dividend income with $3.4bn of flows and minimum volatility funds with $2.5bn of flows throughout the month.  These flows continue the trend of developed market exposure and non-market cap weighted products leading the flows for equities YTD.

Outflows from gold ETPs now total $17.9bn YTD as investors continue to witness increased volatility in the price of gold.

 

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