Continued demand for equity exchange-traded products booted ETP flows $47.1 billion, the strongest two-month total on record, according to BlackRocks latest ETP Landscape Snapshot.
Specifically, developed Market Equity ETPs gathered $13.0 billion, including $7.3 billion in non-US exposures. Sector funds added $4.7 billion led by Real Estate with $1.5 billion, under the backdrop of improving economic indicators in the US housing markets.
Within Fixed Income, Short Maturity Fixed Income ETPs (including Ultra-Short Term, Short-Term and Floating Rate) saw inflows of $4.0bn while all other maturities saw collective outflows of ($1.3bn) in February. And gold ETP outflows totaled ($5.6bn) and have now reached ($6.8bn) year-to-date.
Investors also exhibited patterns of duration rotation, moving towards the short end of the yield curve, where inflows totaled $4.0bn for the month, noted Dodd Kittsley, Global Head of ETP Research at BlackRock, in a press release.