Global ETPs gathered $US30.5bn in September, continuing on record year-to-date pace, propelled by U.S. and Japanese equities and bolstered by emerging markets (EM) equities and debt and steady flows to corporate bonds.
U.S. equities collected $US9.7bn as the Fed opted to hold rates steady and amid improving economic data in the U.S.
Japanese equities surged to $US9.3bn, entirely due to local providers, spurred by Bank of Japan pledges of additional stimulus measures to combat weak growth.
Broad EM equities and EM debt funds maintained momentum with inflows of $US2.7bn and $US1.8bn, respectively, and both categories remained on record year- to-date pace amid prospects for a slower pace of rate hikes in the U.S.
Fixed income collected $US9.5bn and continued on record year-to-date pace driven by investment grade corporate bonds with $US3.4b.
