The figures were helped by the ECB bond purchase announcement and a weakening euro, BlackRock said.
Global ETP flows for the month were $50bn, making February the fourth best month on record and bringing the year-to-date total to $62.3bn,
In general terms investors are increasingly favouring favoured non- U.S. equity and corporate bonds over relatively safer categories.
Fixed income ETP flows rose to $17.8bn largely due to new monthly record of $5.2bn for high yield corporate bonds.
Emerging markets equity funds ‘showed signs of stabilisation’ BlackRock said with inflows of $2.7bn breaking a five-month streak of outflows. Accommodative monetary policies and lower oil prices aided broad EM, China and India funds.
U.S. equity ETP flows recovered to some extent after heavy redemptions in January, though they were only reached a relatively modest $3.9bn.
“February saw $50bn flow into the global ETP industry, driven by tailwinds from the ECB’s QE announced in January and softening tensions between Greece and the rest of Eurozone,” said Ursula Marchioni, head of ETP research.
“Fixed income ETPs led the trend with inflows of $17.8bn for the month, followed by European equity exposures with $11.5bn. In the equity space, European ETPs accounted for $22bn year-to-date globally – representing the lion share of the $26bn gathered from all developed market equity ETPs year-to-date,” she added.
