Ursula Marchioni, chief strategist EMEA iShares BlackRock, says the ETP flows indicate that there is improved sentiment supported by the outcome of both the Bank of Japan and Federal Reserve rate announcements. Looking at September, global flows have been almost an exact 50/50 split across equity and fixed income: a contrast to the start of the year where Fixed Income dominated, and a reversal from August where we saw investors start to put increasing amounts of risk on the table and equity inflows dominated.

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