The ETP industry had a bumper August for inflows, according to BlackRock's ETP Landscape report.

Global exchange-traded products enjoyed their strongest August in five years, drawing in $17.2 billion over the month, according to asset management giant BlackRock.

In a month that saw China's stock market plunge and trigger a global equity rout, emerging market outflows intensified to $2.1 billion and the MSCI Emerging Markets Index registered a loss of 21 per cent. During the volatile week starting 24 August, the European ETP industry attracted $3.8 billion thanks to the relief rally that followed “Black Monday”. BlackRock highlighted European and US equity exposures, at $3.3 billion and $0.8 billion respectively, as key drivers of this rebound.

As fears of a Greek exit from the eurozone - or “Grexit” - subsided, August became the third month in a row to log stronger inflows for the European equity market, according to BlackRock. Indeed, within European ETPs, the region's equities generated $6.7 billion, the highest inflows of all geographies and asset classes worldwide.

“During Q1 2015, EMEA-domiciled European equity ETPs amassed cumulative flows of $19 billion, supported by the ECB’s quantitative easing and improved prospects of macro recovery. Moving into April and May, their pace slowed down though – with net outflows $2.5 billion – as renewed concerns over ‘Grexit’ dominated headlines. The cumulative flows in June to August account for $15.6 billion, signalling a renewed investor interest and confidence in their own domestic market,” said BlackRock's head of ETP research, Ursula Marchioni.

“Fixed income ETP flows slowed after regaining momentum over the prior two months. Investors sought safety during the volatile week in European and US government bonds (inflows of $290 million). Emerging market debt redemptions intensified, with $0.7 billion over the last two weeks bringing the year to date total to $1.2 billion,” she added.