Recent Fund Flow Trends

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

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