Gold ETPs continued to lose strength as investors pulled $5.6 billion out of the precious metal.
Overall, global ETFs’ February net inflows totaled $10.6 billion after taking in $37 billion in January. There were 4,798 ETPs on the global market, with $2.04 billion in assets under management, at the end of the month.
“While ETP flows moderated in February, continued demand for Equity ETPs pushed YTD flows to $47.1bn, the strongest Jan-Feb total on record,” according to Dodd Kittsley, Global Head of ETP Research at BlackRock. “Investors also exhibited patterns of duration rotation, moving towards the short end of the yield curve, where inflows totaled $4.0bn for the month.”
Year-to-date, top global ETFs by asset inflows include:
- WisdomTreet Japan Hedged Equity Fund (NYSEArca: DXJ): $2.8 billion
- iShares MSCI Emerging Markets (NYSEArca: EEM): $2.8 billion
- ChinaAMC CSI 300 Index ETF: $2.6 billion
Global ETFs with the largest outflows year-to-date include:
- SPDR S&P 500 (NYSEArca: SPY): $5.9 billion
- SPDR Gold (NYSEArca: GLD): $5.0 billion
- iShares S&P/TSX 60 Index Fund: $1.5 billion
For more information on ETF asset flows, visit our ETF performance reports category.
Max Chen contributed to this article.