Amundi ETF : In September, the ETF market saw a positive scenario worldwide, in both equity and fixed income asset classes…
Global Flows in September 2019
- Total net flows: + €70 bn
- Equities: + €42.8 bn
- Fixed Income +€22.5bn
- North American Equities: +€32.4 bn
Equity ETFs saw more than +42.8bn€ of net new assets across the globe.
These inflows were driven by North America stocks +32.3bn€ followed by World exposures with +5.9bn€ of inflows. Meanwhile, Japanese equities suffered outflows -1.2bn€ during the month, as well as emerging equities that continues to see outflows -2.2bn€ in September.
On the fixed income side, we continue to see positive inflows, with +22.5bn€ of net new assets. Within the asset class, this month investors favored Corporate Bonds that gathered more than +11bn€ followed by Aggregate bonds which raised close to +7bn€ of net new assets.
European Flows this month highlights
Equities : +12.3 bn€
Looking at European flows, investors got interested back to World +5.3bn€ and North American +4.6bn€ exposures.
SRI equity exposures maintained a positive position in September +289m€ inflows.
Smart beta ETFs also saw positive flows +122m€ mostly on multi-factor +435m€, in the detriment of minimum volatility -372m€.
Looking at single country exposures, we observe positive flows on UK equities +1.7bn€. Within thematic ETFs, AI & Robotics gathered +313m€ inflows.
Bonds: +5 bn€
In Europe, Fixed Income ETFs remain on a positive trend and continued to benefit from inflows.
Differently from what we observed at global level, in Europe Government Debt ETFs were the most popular with +2.2bn€ inflows. Investors preferred in particular Emerging Markets debt, which gathered +1.2bn€ net new assets, followed by USA exposures that saw more than +1bn€ of inflows.
On Corporate side, that saw +1.5bn€ of inflows, investors keep on being exposed to Eurozone, with +733m€ net new assets.
Gold funds continued to attract investors attention in Europe and gathered close to +139m€ of net new assets in September