Recent data suggest a re-acceleration of inflows into all ETFs, especially equity funds, and passive funds, as outflows from active equity funds deteriorated, according to Credit Suisse.
Among the biggest beneficiaries of the trend is BlackRock (BLK), which is seeing early signs of the equivalent of a retail “land grab” in the U.S., the bank said in a research note Dec. 14.
The New York fund manager’s trackable U.S. long-term net flows in November increased to over $16 billion, from a $3 billion month-on-month rise. The flows were driven largely by equity inflows. Bond and hybrid flows were slightly negative.
“We estimate that BLK saw one of its strongest ETF flow months of the year in Nov(ember), which we believe was...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
