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“Largely positive” results for European ETF flows in Q1

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Inflows into European ETFs were “largely positive” in the first quarter, despite a minor slowdown in March, according to figures from Amundi Asset Management.

Reaching €25 billion, these new net flows were primarily driven by fixed income products, the report found.

Global exposures led on the equity side, with €7 billion of inflows, followed by emerging markets.

Europe is at the other end of the spectrum. The firm reported that the region has “suffered redemptions amounting to nearly €5 billion over the quarter”.

In the fixed income realm, accounting for two thirds of the inflows, “the split is roughly even between government debt (€8.5 billion) and corporate debt (€7.5 billion).

With regard to markets in March, the report said that Europe “is buying global equities and selling eurozone stocks”.

France and Germany “were victim of outflows, towards England, which benefited from close to €410 million of subscriptions,” according to the Paris-based asset manager.

The firm also saw nearly €200 million of flows for sustainable ETFs in March, remarking that there is still an interest in socially responsible investing.

funds-europe.com

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