April was a recovery month for both the financial markets and the fund industry overall with significant inflows into most traditional asset classes. Investors maintained a cautious bias and money markets funds and ETFs gathered most inflows.
ETFs gathered €8.1bn of inflows through April, while Fixed Income and Equity ETFs accumulated €8.0bn and €0.3bn respectively. ESG ETFs continued their solid flow trend and gathered €1.4bn.
Smart Beta ETFs recorded further outflows with €-1.4bn.
Overall, Fixed Income funds and ETFs gathered a combined €30.6bn of net new assets with €22.6bn into open-ended funds, and €8.0bn into ETFs.
Equity ETFs and open-ended funds enjoyed €19.1bn of net new assets, with €18.8bn into funds and €0.3bn into ETFs.