Marlène Hassine-Konqui

Marlène Hassine-Konqui

Head of Lyxor ETF Research

Lyxor Asset Management


ETF Money Monitor – March 2018

14 Mar 2018

ETF & Indexing

European ETF Market flows slowed in February but remain at record levels for the first two months of any year. Net New Assets (NNA) fell to €7.6bn from the stellar €13.4bn we saw in January. Equities attracted most of the inflows (€5.4bn) despite Global Equity ETFs recording their worst month ever (-€1.8bn).

Equities enjoyed another very positive month. Among the highlights were an acceleration into US equities (€2.3bn vs. €1.7bn) and a continuation of Japan equities’ best ever start to a year (€1.1bn). It was also a strong, albeit slightly less positive, month for Europe Equities (€2.9bn vs. €3.7bn in January). In contrast, global equity flows reversed sharply.

Flows into fixed income were solid at €1.7bn, yet undeniably more modest. In contrast to January, flows sped into developed market government bonds (€1.7bn vs. -€236M), led by Europe (€1.1bn vs. -€485M). It was, however, a slower month for Emerging Markets government bonds (€174M vs. €896M) and inflation-linked bonds at €158M (vs. €645M). 

Overall, it’s still the best ever start to a year for ETFs, with flows already over the €20bn mark. Equities lead by some distance, with €17.1bn of inflows. Fixed income ETFs have gathered €3.0bn. Commodities have attracted €1.0bn – another record start.

 


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