Global ETP flows drop 38% in November on US equities

Healthcare a bright spot

Flows into global exchange traded products fell 38% in November, weighed on by falling US equity allocations, but healthcare was a bright spot.

Month-on-month, flows into ETPs dropped to $74.8bn in November, down from $121bn in October, according to figures from BlackRock. Equity flows led the decline, halving from $84.9bn in October to $43.2bn in November. The drop off in headline equity flows was due to US equity allocations falling month-on-month. Inflows dropped to $21.4bn from $57.5bn in October. In terms of sectors, flows tilted slightly more defensive in November. Financials, energy and industrials saw outflows in the last week of the month, which turned financials' flows negative (-$0.4bn). HANetf to expand ETP ...