BlackRocks latestNovember 2012 ETP Landscape Reportpaints a rosy picture for exchange-traded products heading into the New Year.
For example, in November global ETPs attracted flows of $25 billion, bringing the year-to-date total to $218.9 billion, according to the report. The previous year-to-date record through November of $208.5 billion was set in 2008 during the global credit crisis. Year-to-date global ETP flows have already surpassed last years full year total of $173.4 billion.
Its not surprising that fixed income has been a key growth driver, attracting 31% of all inflows with $67.8 billion, well ahead of the $50 billion collected in 2011, according to the report.
Dodd Kittsley, Global Head of ETP Research at BlackRock, offered that: Novembers strong flows demonstrate that investors are attracted to the flexibility ETPs provide to navigate todays markets. Against a backdrop of the U.S. elections and the looming fiscal cliff, investors looked to ETPs for safe-haven exposure in Treasuries, while also moving into US Equities, EM Equities and EM Bonds for higher income exposures.