ETF monthly inflows reach record in January

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The significant inflows into European equity and corporate bonds generated a boost for ETF products with the first month of 2015 seeing a record inflows into European ETF’s according to the latest data provided by US asset manager BlackRock.

Ursula Marchioni, head of ETP Research comments: “2015 has set off at a record pace for the European ETF industry.  Europe-listed funds gathered a new monthly high of $13.7bn, around 22% of last year’s total flows.”

“We’re seeing investors rotating from US equities into European equities and using ETFs to do it. This is a major change from 2014” Marchioni adds.

The ECB quantitative easing announcement was well received by the market, contributing to record flows of $8.4bn (€7.3bn) for pan-European equity and $13.7bn (€11.9bn) for Europe-listed ETPs.

In addition, exchange rate movements, particularly U.S. dollar appreciation against the euro, led to a new monthly high of $6.9bn (€6.9bn) for currency-hedged ETP flows, which were concentrated in Europe and EAFE equity exposures.

Commodity flows accelerated to $5.2bn (€4.5bn), the greatest monthly total in nearly five years, due to crude oil inflows following the collapse in oil prices as well as the first significant gold inflows since June.

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