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New money in ETPs reaching record highs in January 2012: BlackRock

Exchange Traded Products attractedUS$9.1 billion in net new assets in January this year, according to a new report by BlackRock bringing total assets under management to US$1.6 trillion. The inflows for January set a new record for net new money in any calendar month. Concerns about the economy in Europe coupled with the Federal Open Market Committee’s (FOMC) outlook on…

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