Inflows into global exchange traded products (ETPs) hit their lowest level in July since the Autumn of 2020 as investors turned away from equities in favour of fixed income.
ETP inflows fell 45% in July to $75.5bn, according to the latest Global ETP Flow data from iShares, compared with June's $135bn. Global ETF assets reach $7trn The report stated that this was mainly driven by a fall in US-listed US equity flows, which had net inflows of $20.6bn, marking a substantial change in fortunes from the $67.5bn inflows in June. European equity ETPs also experienced a drop in inflows, falling to the lowest monthly level since January 2021 at $1.3bn, with the largest fall coming from EMEA-listed ETPs. Flows into inflation-linked bond ETPs set a new mont...
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