ETP Landscape from BlackRock

GLOBAL ETPS GATHERED $114.5BN IN THE FIRST QUARTER OF 2020 LED BY DEVELOPED MARKETS EQUITY AND COMMODITY.

  • Global ETPs gathered $114.5bn in the first quarter of 2020. This is down from last quarter’s $206.7bn but is still above 2019’s Q1 of $103.6bn. This quarter’s flows were led by Developed Markets Equity with $80.2bn and Commodity with $23.8bn.
  • This quarter, DM Equity took a step back and fell by $39.8bn compared to last quarter’s inflow of $120.0bn. U.S. Equity led the way with $42.2bn, mostly from U.S. Large Cap with $28.5bn, and U.S. Broad Market with $9.8bn. Broad DM Equity and Asia-Pacific Equity followed suit with $23.1bn and $15.1bn, respectively.
  • Within Broad DM, Global Broad Equity and EAFA Equity contributed the most with $18.7bn and $4.6, respectively. As for Asia-Pacific, Japan Equity contributed the most with $140.0bn this quarter.
  • Emerging Markets Equity took a big dip from last quarter’s inflow of $10.7bn to a total outflow of $3.5bn with Broad EM Equity having the biggest outflow amounting to $6.8bn.
  • After leading last quarter’s inflow with $66.7bn, Fixed Income only collected $7.8bn this quarter despite U.S. Treasury gathering $19.8bn. High Yield and Emerging Markets led the outflows with $6.8bn and $5.9bn, respectively.
  • Commodity took a huge leap from $0.9bn last Q4 to $23.8 this Q1. This is mostly due to Gold gathering $15.2bn and Crude Oil collecting $9.2bn which are huge jumps compared to last quarter’s $0.7bn and ($0.9) bn, respectively.

Data as of 31 March. Data is captured from a number of sources by BlackRock, including provider websites, fund prospectuses, provider press releases, provider surveys, Bloomberg, the National Stock Exchange, Strategic Insight Simfund, and Wind. All amounts are reported in US dollars.

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