Passive flows break all-time record as $111bn is added to equity ETPs

The latest figures from iShares revealed that a "clear risk-on shift" last month led to the record figure as equity ETPs drew $111bn, which accounts for 32% of year-to-date flows into the asset class. Vaccine developments and a more certain US election result encouraged investors into stocks with a near fivefold increase on October figures, the majority of which landed in US equities, which welcomed $65.2bn of inflows, also an all-time record. Despite this, US equities only accounted for 10% of EMEA-listed equity inflows, compared to 59% globally, as European investors continue to inv...