High yield ETFs see increased demand

Risk trades lead global activity, with the highest flows into high yield ETFs as a percentage of AUM since 2003. In Europe, iShares attracted $112mn, increasing assets by 13%, while in the US, it increased assets by 4%, having added $323mn. The largest flows went into iShares MSCI Emerging Markets Index Fund, with $1.16bn in the US. Emerging markets ETFs had their first inflows in 12 weeks and Cowen also reports the first flows into emerging markets bond ETFs in five weeks. Redemptions came from iShares global government bond ETF (iShares reports $40mn), iShares eb.rexx Government ...