Meanwhile, high yield bond ETPs saw redemptions of $0.04bn for the month, a modest amount compared to the $13bn the category has brought in YTD.
Despite this lull, other high yielding products with less perceived risk continued to see inflows – areas like bank loans, short duration high yield and emerging market bond ETPs.
So while flows in November were a bit of a mixed bag, one thing remained clear: investors continue to look to ETPs to provide the flexibility they need to make tactical portfolio changes in uncertain times. And with what lies ahead, we can only expect this trend to continue.
Dodd Kittsley, CFA, is the Head of Global ETP Market Trends Research for BlackRock.