Fund Flows can quickly cut to the chase by reflecting
where the investment world is placing their bets on the future direction of the
markets. We always like to invoke that old
saying “Just Follow the Money.” Specifically, to and from where within
the world of Exchange-Traded-Products has the capital been flowing recently? Let’s start with the ETFG Fund Flows Summary for
Equity ETPs over the last three months:
Geographic Region:
Region
|
November
|
December
|
January
|
Asia-Pacific
|
-11.10M
|
444.65M
|
-1.04B
|
Developed Markets
|
844.13M
|
384.95M
|
-562.62M
|
Emerging Markets
|
-237.59M
|
507.60M
|
-513.84M
|
Europe
|
409.97M
|
266.56M
|
-46.01M
|
Frontier Markets
|
924.59K
|
-2.81M
|
143.76K
|
Global
|
156.25M
|
-386.44M
|
-279.73M
|
Global Ex-U.S.
|
181.32M
|
252.94M
|
-23.17M
|
Latin America
|
56.92M
|
78.41M
|
45.44M
|
Middle East &
Africa
|
1.16M
|
14.61M
|
-5.44M
|
North America
|
3.13B
|
-1.56B
|
5.03B
|
Probably the clearest trend here is the broad and massive
outflows in the month of January from Asia-Pacific into North America. This is echoed by the smaller but large
relative sized outflows from Emerging Markets which has been well chronicled in
recent publications.
Sector:
Sector
|
November
|
December
|
January
|
Basic Materials
|
58.16M
|
-136.09M
|
-110.41M
|
Consumer
Discretionary
|
-45.23M
|
28.58M
|
-348.77M
|
Consumer Staples
|
1.90M
|
46.09M
|
-383.95M
|
Energy
|
-78.64M
|
-132.11M
|
39.72M
|
Financials
|
428.20M
|
-27.00M
|
307.00M
|
Health Care
|
-965.52M
|
94.88M
|
-636.81M
|
Industrials
|
134.11M
|
86.74M
|
158.40M
|
Natural Resources
|
4.93M
|
3.12M
|
-14.45M
|
Technology
|
212.84M
|
11.24M
|
525.47M
|
Telecommunications
|
4.01M
|
-15.79M
|
-27.37M
|
Utilities
|
926.57K
|
-334.69M
|
226.19M
|
Fund flows, while less pronounced within the Sectors, is most
concentrated in coming out of Healthcare in November and January and
consistently into Financials, Industrials and Technology.
Fund Flows for individual ETPs are available on the Fund
Flows tab of each ETFG Tearsheet. For a summary view of Fund Flows including
the Top Inflows and Top Outflows for various time intervals, please see Fund Flows Summary
Thank you for reading ETFG Daily Perspectives.
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