These inflows saw the size of the ETF jump 20% to reach $1bn in AUM.
Next in line was iShares’ S&P 500 ETF, which welcomed $177m of inflows taking its AUM up 1.7% to $10.3bn.
On the other side of the trade, German government debt in the form of the iShares ebrexxGovG2 saw £41m of outflows, amounting to 6.3% of its fund, and global infrastructure (another traditionally defensive asset class) saw $20m or 6.4% of the fund redeemed.
In the mutual fund universe EPFR Global said China equity funds posted their second biggest weekly inflow year-to-date in the week to 5 December.
“With investors translating the apparent deadlock between democrats and republicans as ‘cliff on’ for the US economy, China reclaimed their affections.”
US equity funds, meanwhile, posted outflows for the ninth time in the past 11 weeks, while flows into US bonds slipped to a five-week low.
