Deutsche Bank : European Monthly ETF Market Review – Over €10bn of inflows in February

Assets : European ETPs AUM increased by €28bn on MoM basis and ended the month at €579bn…

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Deutsche Bank : European Monthly ETF Market Review for February 2017

Data in this report is as of 28 February 2017.

Flows: European domiciled ETPs registered strong inflows of +€10.6bn. Equity ETFs were again dominant where there were inflows of +€6.3bn followed by Fixed Income ETFs and Commodity ETPs with inflows of + €3.2bn and +€1.1bn respectively.

New Product Launches – 4 new products

European ETP market witnessed launches in: Fixed Income (3) and Multi-asset (1).

Investment Themes for the Month

European equities drew +€0.9bn of inflows primarily into broad composites. EM also saw +€0.8bn of inflows. Country wise, Japan (+ €0.9bn), Canada (+€0.2bn) and US (+€0.2bn) benefited.

The Smart Beta segment saw further increase (+€1.6bn). Value factor (+ €703mn), Dividend (+€261mn) and Fundamental (+€228mn) strategies were the sub-segments that gained significant inflows. In other segments, Small Cap (+€173mn) and Energy ETFs (+€134mn) also had notable gains.

Currency hedged ETFs saw increased activity where there were almost + €1bn inflows into mainly broad global equity indices.

Sovereigns and Corporates commanded inflows in the Fixed Income segment (+€3.2bn).

Gold based ETPs (+€0.8bn) contributed most to overall commodity flows (+€1.1bn).

US listed ETFs with exposure to Europe have had 3 months without significant outflows, following significant monthly outflows in 2016.

Turnover: MoM turnover remains flat compared to previous month

The total turnover activity into European ETPs was flat (€65.6bn) compared to the last month’s total (€65.8bn)



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