Net global flows into exchange-traded products (ETPs) dropped by $19.3bn from December's near record high of $85.8bn to January's $66.5bn, according to data from iShares.
While equity ETP flows remained positive most exposures saw reductions, with US equities inflows falling 60% to $14bn and EM equities dropping nearly $12bn from its December level to $5.5bn, combining for a joint reduction of over $32bn. Global ETFs grow by €495bn in 2019 Fixed income ETP flows held firm, increasing slightly to $24.9bn from $24.4bn. This was largely due to multi-sector ETPs drawing $8.9bn, offsetting high yield's drop from December's $2.9bn to $0.2bn in January. Despite a drop off, high yield has maintained a positive 2019 record, drawing net inflows every quarter....
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