Marlène Hassine-Konqui

Marlène Hassine-Konqui

Head of Lyxor ETF Research

Lyxor Asset Management


ETF Money Monitor - April 2018

18 Apr 2018

ETF & Indexing

European ETF market inflows slowed sharply in March. Net New Assets fell to €992m from the €7.9bn we saw in February. Equities still attracted most of the inflows (€1.3bn) but fixed income ETFs suffered their first negative month since the end of 2016 (-€334m).

Despite outdoing fixed income by some distance, it was a weaker month for equities. US equities flows slowed but held up fairly well (€1.4bn). Japan equity flows reversed, but it remains their best ever start to a year. European equities (-€2bn) bore the brunt of the selling. In contrast, Emerging Market equities gathered €1.4bn while Global equities also enjoyed a rebound. Commodities were virtually flat at €38m.

Fixed income flows turned negative last month, largely because investment-grade credit ETFs suffered their worst month ever at -€1.2bn. Inflation-linked bonds also lost ground. Results were more positive for developed market government bonds, albeit inflows into European government bonds did slow somewhat. Emerging markets government bonds slipped back into the red at -€438m.


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