Equities lead European ETF flows in November, finds Amundi

Dec 20th, 2017 | By | Category: Equities

ETFs listed in Europe gathered €9.6 billion in net new assets during November with equity funds leading the charge after gathering €6.8bn net inflows during the month, according to analysis by European ETF provider Amundi. The flows fit the pattern seen since the start of the year as equity ETFs have dominated inflows in Europe, netting €61.2bn year-to-date (YTD).

Equities lead European ETF flows in November, finds Amundi

European-listed ETFs gathered $9.6bn in net inflows during November.

Inflows were divided up between different equity markets, with ETFs providing exposure to US equities netting €1.8bn, followed by ETFs exposed to global (€1.1bn), emerging markets (€1.1bn), European (€673 million), and eurozone (€647m) equities.

Sector and smart beta equity exposures also attracted over €1bn in net inflows. Within the smart beta ETF universe, multi-factor strategies were most in vogue, gathering net new assets of €338m. Conversely, the two types of ETFs that were most affected by withdrawals were ETFs tracking German equities (-€305m) and small caps (-€213m).

European-listed fixed income ETFs gathered €2.5bn in net inflows during November, bringing YTD net new assets to €26.6bn. Corporate bond exposure was most in demand during the month, attracting over €1.5bn. Investors turned away from sovereign bond ETFs however; these funds lost €203m in net outflows which Amundi attributes to an environment of low interest rates and a search for yield by investors. Among different segments of the bond markets, US inflation-linked bond ETFs gathered €306m net inflows and money markets ETFs gathered €403m.

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