July saw the strongest level of global inflows to exchange traded products (ETPs) and exchange traded funds (ETFs) in almost a year, according to BlackRock’s ETP Landscape Report released on Tuesday.
BlackRock’s report, a monthly breakdown of assets under management and asset flows to ETPs and ETFs, found that global inflows to the products reached US$45.1 billion in July. Furthermore, the 2013 year-to-date inflows to ETPs and ETFs of US$143.3 billion are ahead of 2012’s US$128.3 billion.
Specifically, equity ETPs and ETFs have so far seen year-to-date inflows of US $148 billion, according to BlackRock, and saw the highest amount of inflows in July at US$39.3 billion. Fixed income ETPs and ETFs also saw some improvement over the past month as inflows reached US6.4 billion compared to the US$8.4 billion in outflows the products saw in June.
One area of ETPs/ETFs that continues to struggle is gold. According to BlackRock’s report, gold ETPs continued its downward trend, albeit it at a slower pace, in July with outflows reaching US$2.6 billion. In June outflows from gold ETPs reached US$4.3 billion.