Barclays assets under management hit record high
"The strength of the quarterly inflows masks a very large bias towards commodity ETPs ($7 billion) and structured notes ($1.4 billion). In contrast, index swaps saw $1.5 billion outflow over the quarter, the fourth consecutive quarter of outflow," BARCLAYS (BARC.LO)said in note to clients.
Since the first quarter of 2011, index swaps have had cumulative outflows of $15.9 billion, but the pace of outflows moderated in the first quarter of 2012, Barclays said.
(Reporting by NR Sethuraman in Bangalore, Editing by Phil Berlowitz)