Lyxor ETF Money Monitor for May 2018

Hassine Marlene Lyxor ETF etfs

European ETF market flows rebounded slightly in May…..

By Marlène Hassine Konqui, Head of ETF Research and Kristo Durbaku, ETF Research Analyst

Net New Assets (NNA) rose to €1.1bn from the €668m we saw in April. Sentiment reversed again, with equity ETFs attracting most of the inflows (€1.5bn) and  fixed income ETFs suffering their worst month since December 2016 (-€765m). Overall, flows remain strong but they are behind last year’s record levels 

Equity ETFs enjoyed a significant rebound in May after their travails of April. US ETFs attracted just under €700m but global equities were the standout performers by far after they drew in just under €3.4bn – their best month ever.

 In contrast, Eurozone equities suffered outflows of €3.3bn after political and economic concerns mounted. Emerging markets also lost some of their lustre and recorded their first negative month since January last year (€-476m).  

Fixed income ETFs enjoyed a far less positive month in May, driven by a collapse in flows into developed market government bonds (€-560m), led by US Treasuries (€-321m).

European government bond outflows weren’t far behind. Meanwhile, emerging market government bonds recorded their third successive month of outflows.

Inflation-linked bonds were one of the few fixed income bright spots after inflows of €342m reinforced April’s rebound.

Source: ETFWorld

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