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t’d)<br />

the greatest<br />

in a small<br />

$130bn in August<br />

Year-to-date (YTD) flows are now $128.1bn, behind the<br />

previous record high of $139.9bn through August 2012.<br />

However, the 2013 composition remains much different<br />

with Equity gathering 80% more than last year, Fixed<br />

Income just a third as much and Commodity outflows<br />

adding a significant drag.<br />

Equity funds led with $138.5 billion which is 80% above<br />

last year’s pace of $77.1bn.<br />

uS and Japanese Equity exposures account for the<br />

bulk of the year-over-year Equity flow growth. Equity<br />

markets in both countries have been bolstered by<br />

accommodative Central Bank monetary policies.<br />

Research<br />

ETF-Research powered by<br />

The growth in year-over-year Equity flows was moderated<br />

by EM Equity outflows of ($11.1bn) YTD. The category<br />

had seen strong inflows in January of $10.9bn and then<br />

0<br />

shifted to outflows since February, with the exception of a<br />

(10.4)<br />

small positive uptick in July.<br />

Überblick über ausgewählte Mittelzu- bzw. -abflüsse nach Aktien- und Renten-ETFs<br />

Short Maturity funds (Floating rate, ultra-Short-Term<br />

Null J F M A M J J A<br />

and Short-Term) have been the engine for Fixed<br />

income flows this year, accumulating $29.3bn. Last<br />

gloBAl August, EQuiTY the duration CuMulATiVE picture ETP was FloWS completely 1 different with<br />

2013 YTD Flows: $138.5bn<br />

gloBAl CoMMoDiTiES CuMulATiVE ETP FloWS 1<br />

2013 YTD Flows: ($31.9bn)<br />

0<br />

gloBAl FiXED inCoME CuMulATiVE ETP FloWS 1,2<br />

2013 YTD Flows: $18.9bn<br />

20<br />

(11.1)<br />

Null J F M A M J J A<br />

29.3<br />

n August, but<br />

ecutive months<br />

lows reached<br />

ck below<br />

n, behind the<br />

ugust 2012.<br />

uch different<br />

ear, Fixed<br />

y outflows<br />

50<br />

Year-To-Date Overview<br />

gloBAl ETP YTD FloWS BY EXPoSurE 1<br />

0<br />

(US$bn)<br />

YTD inflows of $3.9bn for Short Maturity funds. 2 [ 4 ]<br />

100 88.1<br />

32.3<br />

29.1<br />

(11.1)<br />

Null J F M A M J J A<br />

0<br />

-10<br />

-20<br />

-30<br />

(0.2)<br />

Jan-Aug Jan-Aug Annual<br />

(31.8)<br />

2013<br />

2012 2012<br />

Null J F M A M J J A<br />

h is 80% above gloBAl FiXED inCoME CuMulATiVE ETP FloWS 1,2<br />

2013 YTD Flows: $18.9bn<br />

Quelle: BlackRock Asset Management, ETF Landscape Industry Highlights, Ende August 2013<br />

ount for the<br />

ONLY FOR ACCREDITED INVESTORS IN CANADA AND PROFESSIONAL 29.3<br />

INVESTORS IN OTHER REGIONS<br />

owth. Equity<br />

red by<br />

20<br />

licies.<br />

as moderated<br />

The category<br />

bn and then<br />

0<br />

exception of a Zu- bzw. Abflüsse des weltweiten ETP-Marktes der vergangenen (10.4) vier Jahre<br />

a-Short-Term<br />

or Fixed<br />

.3bn. Last<br />

y different with<br />

nds. 2<br />

Null J F M A M J J A<br />

Wachstumsraten gloBAl 300<br />

der ETP weltweiten CuMulATiVE ETF-Märkte FloWS 1<br />

YTD Flows in 2013: $128.1bn<br />

gloBAl CoMMoDiTiES CuMulATiVE ETP FloWS 1<br />

2013 YTD Flows: ($31.9bn)<br />

262.7<br />

2000<br />

-10<br />

(0.2)<br />

139.9<br />

128.1<br />

181.8<br />

173.5<br />

100 -20<br />

-30<br />

(31.8)<br />

0<br />

Null J F M A M J J A<br />

Null Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />

DA AND PROFESSIONAL INVESTORS IN OTHER REGIONS<br />

CuMulATiVE EQuiTY ETP FloWS 1 CuMulATiVE FiXED inCoME ETP FloWS 1<br />

YTD 2013 Equity Flows: $138.5bn<br />

YTD 2013 Fixed Income Flows: $18.9bn<br />

Quelle: BlackRock Asset Management, ETF Landscape Industry Highlights, Ende August 2013<br />

[ 4 ]<br />

Seite 39 EXTRA-Magazin Oktober 2013

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