Flows into ETPs fell to $22.5bn last month, as US equities saw their second consecutive month of outflows (-$5.5bn), the first successive months of outflows for the sector in five years.
Unlike last month, emerging market equities did not benefit from these outflows, with the sector reporting $600m in inflows for the period.
Instead, European equities were the big winners of the month, seeing $6.3bn in inflows, after having gained $7.3bn the month before.
BlackRock noted that this was a sharp deviation in sentiment from last year, when European equities saw $17bn in outflows throug…
