Flows go to high yield and corporate bond ETFs

Cowen reports that there was a bullish trend last week, with inflows into equity ETFs outstripping bond ETFs for the first time since September. It helped OTC buyers in iShares Eurostoxx 50 and iShares Dax ETFs; the Dax ETF topped the orders at $260mm. Meanwhile Lyxor reported outflows in its CAC ETF range totalling €133mn. There was also strong demand in the corporate bond and high yield ETF market as UK investors went into ETFs such as iShares Markit iBoxx £ Corporate Bond ETF and iShares Markit iBoxx Euro High Yield Bond ETF. Volumes remained low across Europe and the US, howeve...