Net new assets in the European ETF market nearly halved in August after they fell to €2.2bn from the €4.1bn we saw in July. . …
By Marlène Hassine Konqui, Head of ETF Research and Kristo Durbaku, ETF Research Analyst
Equities gathered the bulk of the inflows (€2.9bn) and are up significantly (+70%) since July. US equity ETF inflows slowed but again enjoyed the most significant gains (€1.8bn).
The positive sentiment we first saw on European equities in July was repeated in August, while outflows from emerging markets also came to an end. In contrast, Japanese equities recorded their sixth successive negative month.
Meanwhile, the uncertain environment for both interest rates and credit hampered fixed income ETF flows (€222m), although developed market government bonds (notably US treasuries) enjoyed sustained demand.
Commodity ETFs suffered massive outflows (-€960m) on trade concerns.