INDUSTRY HIGHLIGHTS
Global ETPs set a new flows record in 2016, posting another year of double digit organic growth.
- Global ETP flows of $379.5bn represented 13% organic growth and exceeded last year's record of $350.7bn, fueled by record flows for fixed income, a second-half surge in U.S. equities and renewed appetite for broad emerging markets equities
- Fixed income flows set a new annual record of $115.0bn, driven by new highs for investment grade corporate bonds, U.S. TIPS and emerging markets debt funds
- U.S. equity flows rallied in the second half of 2016 led by large caps with $82.3bn and boosted by new annual flow records in small cap and dividend funds
- Broad emerging markets equities gathered $26.7bn in 2016, breaking a three-year streak of outflows, lifted by a leveling in commodities prices and a more stable U.S. dollar in the period before the U.S. presidential election
Sources: Markit