2017 flows heading towards €100bn..
Deutsche Bank : European Monthly ETF Market Review for November 2017
Data in this report is as of 30th November 2017.
European ETP Monthly Highlights (Assets, Flows & Launches):
Assets & Flows : Assets rose by €4bn MoM (Total Assets €660bn), Net inflows +€10.6bn (YTD +€96bn)
18 New Launches: 10 Equity, 7 Fixed Income and 1 Multi Asset.
Investment Themes for the Month
Equities (+€6.9bn) – Winners: US +€1.9bn, Europe +€1.5bn, EM +€1.1bn, Global DM +€1bn and Japan +€0.6bn; Smart Beta covering all regions saw + €553mn inflows. Segments that benefitted include Robotics, Multi-Factor and ESG strategies.
Regional flow drivers:
Europe (+€1.5bn) : ETFs tracking Euro STOXX 50, STOXX Europe 600 & MSCI Europe were the major contributors.
Other regions (+€4.6bn): 1) US inflows (S&P 500) 2) EM inflows (MSCI EM, MSCI EM IMI & China) 3) Global DM inflows (MSCI World) 4) Japan inflows (FTSE Japan , MSCI Japan € Hedged).
Fixed Income (+€1.2bn) – Winners: Global DM +€1.1bn, US +€748mn, Europe + €726mn ; Losers: EM -€450mn. High Yield segments saw outflows. Regional flow drivers:
Europe (+€726mn): Inflows into IG Corp. Bonds offset by HY Corp. Bonds outflows. Sovereign and other sub segments also drew inflows.
Other regions (+€0.7bn): 1) Global DM inflows (Global Aggregate bonds) 2) US inflows (Sovereign bonds) 3) EM outflows (Sovereign bonds).
Commodities (+€321mn) – Gold (+€632mn), Broad Commodity (+€325mn) inflows, Crude Oil outflows (-€292mn).
Turnover: MoM turnover increased by 22%
The total turnover activity into European ETPs increased by 22% where total turnover observed was (€70bn) compared to the last month’s total (€57.5bn). All the major asset classes recorded increased turnover activity.