The global exchange-traded product market attracted total inflows of $22.6 billion of inflows in July, according to the ETP Landscape report released by BlackRock.

Investors embraced equities, the report said, adding $21 billion in such products, primarily with U.S. exposures. Ultra-low interest rates and speculation about European Central Bank monetary easing encouraged some risk appetite with US Large Cap absorbing $6.9 billion while more economically sensitive US Small Cap inflows reached a nine-month high of $2.3 billion. Meanwhile, ETPs offering exposure to European Equities attracted $2.0 billion.

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