Blackrock’s monthly ETF landscape report also showed investors sentiment towards higher risk and higher yielding asset classes had improved in during the month.
Investors ploughed $2.3bn into equity ETPs in October, with products offering exposure to North American equities the favoured type.
ETPs offering German equity exposure through the DAX index also did well and comprised two of the top three asset-gathering funds.
In the year to 31 October global ETP assets were up 6.4% to $1.578trn, and 50 new ETPs were launched during the month.
BlackRock said upbeat news on potential solutions to Europe’s debt crisis (a sentiment that has now been largely reversed) and positive Q3 earnings reports from corporates had supported inflows into ETPs.
Kevin Feldman, managing director at BlackRock, said: "While flows into ETPs suggested a preference for safe haven assets in early October, this was overtaken by a decisive move to equity assets and high yield bonds later in the month.
"Flows in October demonstrate that the risk-on trade has definitely resumed."
But fears about counterparty risk have manifested in a preference for physically-backed products in Europe and they have gained market share from their synthetic counterparts.
Synthetic products listed in Europe experienced outflows of $7.3bn over the past three months, while physically-backed products saw inflows of $6bn during the same period.