In October EM bond ETPs absorbed $1.9bn of inflows, the highest ever recorded for the asset class.
Meanwhile, investors were also attracted to other ‘risker’ asset classes during the month, with broad EM equity ETPs witnessing $2bn of inflows.
Altogether, strategies in the two asset classes (including single country EM ETPs) drew in $8.5bn BlackRock added.
On the other end of the risk spectrum gold ETPs attracted $2.5bn, building on “robust flows in August and September”. This took total inflows into Gold ETPs to $10bn in the past three months.
The popularity of ETPs in Europe has increased as the year continues, BlackRock pointed out, with $4.2bn of sales in the region accounting for 45% of total global flows during October.
Year-to-date flows to the end of October also show the strongest since 2008, with flows of $192.3bn surpassing 2011’s full year total of $173.4bn already.