When we drill down to US ETPs, we can clearly see how September’s stimulus from multiple central banks has bolstered flows in a far more sustained way than in 2010, when the Fed announced QE2.
Global ETP flows are now on a record-breaking pace for the year. Flows set a new January-to-September high of $182.6 billion, which surpassed the previous record high of $164.8 billion that was set in 2008.
Year-to-date, global ETP flows have already surpassed 2011’s full-year total of $173.4 billion.
Dodd Kittsley, CFA, is the Head of Global ETP Market Trends Research for BlackRock.