ETP flows pick up in February despite Russian invasion of Ukraine

BlackRock data

Flows into global exchange-traded products picked up in February, increasing to $99.6bn from $74.4bn in January, despite Putin’s invasion of Ukraine “feeding into market volatility” at the end of the month, according to BlackRock.

However, the fund manager noted, outflows primarily came from broad European equity exposures. Meanwhile US flows dropped in absolute value but remained positive. This trend of US-listed European equity inflows outpacing EMEA-listed peers is "reminiscent" of what happened in 2020, according to BlackRock. BlackRock report: ETP inflows slow in September The fund giant stated: "After building momentum over January and into the first week of the month, investors started to turn negative on European equities from mid-February - prior to Russia's invasion of Ukraine - although flows rema...