ETP assets suffered in August, BlackRock reports

Assets under management for the industry were at more than $1.5trn at the end of the month, a decrease of 4% compared to the end of July. Net new assets totalled $1.6bn, compared to $22.6bn in July. The "risk-off" mood was evident in ETP market flows, says BlackRock. Flows went into fixed income and commodities, which gained $5.6bn and $0.8bn, respectively. Meanwhile equity ETPs suffered from the risk adverse sentiment and saw outflows of $3.7bn. This was most evident in the US, where there were $6.4bn of outflows from equity ETFs, driven by emerging markets. In Europe equity fu...