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Japanese equities see high inflows

  •  
By Tim Stewart
  •  
3 minute read

Investors piled into Japanese equities exchange-traded products (ETPs) in September after the Bank of Japan announced "extraordinary" stimulus measures, says BlackRock.

Japanese large cap equities saw the largest ETP inflows in September, according to the latest BlackRock Global ETP Landscape report.

Local providers were the dominant players in inflows of US$9.3 billion in Japanese equities, according to BlackRock.

"The Bank of Japan pledged additional extraordinary stimulus measures to help combat weak economic growth [in September]," said the report.

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US equities also generated US$9.7 billion amid improving economic data as the US Federal Reserve opted to hold interest rates steady, BlackRock said.

"Flows to high dividend strategies persisted with US$1.3 billion and preferred stock funds added US$0.4 billion bringing year-to-date flows to US$5.6 billion, ahead of last year’s record pace," said the report.

Broad emerging market equity funds marked a fourth consecutive month of inflows with US$2.7 billion, and fixed income ETPs added US$9.5 billion for the month.

"Investment grade corporate bond funds drew in US$3.4 billion and year-to-date flows of US$32.6 billion are also already above last year’s record total inflows," said BlackRock.

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