ETF roundup: BAML reports big rise in high-yield ETF inflows

9.8% increase in flows year on year; equity redemptions hit ETPs in January; North American ETFs suffer worst quarter for five years; iShares lists Europe's first fund to use international security structure

Inflows into credit funds through the exchange-traded funds (ETFs) route have risen dramatically this year, according to Bank of America Merrill Lynch. With a weekly combined average inflow of $240 million for high-grade and high-yield funds, total inflows for 2014 are now in excess of $1.4 billion, driven by a 9.8% year-on-year increase in money going into high-yield ETFs, with 3.3% finding its way into investment grade ETFs. The combined credit ETF inflow in the second week of February was the