ETP flows see US fall out of favour in February as Europe grows in popularity

Flows globally slowed

Flows into ETPs reduced globally for the fifth consecutive month in February, as the US falls out of favour with exchange trading investors, data from BlackRock has revealed.

Flows into ETPs fell to $22.5bn last month, as US equities saw their second consecutive month of outflows (-$5.5bn), the first successive months of outflows for the sector in five years. Unlike last month, emerging market equities did not benefit from these outflows, with the sector reporting $600m in inflows for the period. Instead, European equities were the big winners of the month, seeing $6.3bn in inflows, after having gained $7.3bn the month before. BlackRock noted that this was a sharp deviation in sentiment from last year, when European equities saw $17bn in outflows throug...