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Inflows into European ETPs slowed in March

ETFs and ETPsEuropean exchange-traded funds (ETFs) and exchange-traded products (ETPs) saw their lowest inflows for nearly three years in March 2018.

According to data provider and consultancy firm ETFGI European-listed ETFs and ETPs gathered $1.46 billion (€ 1.18 billion) in net inflows during March, the lowest monthly amount since June 2015 when net inflows were $882.99 million.

The figures reflected a global slowdown in ETF flows in March, according to asset management firm, Amundi, barely clearing €11 billion compared with €100 billion in the first quarter.

Globally-listed ETFs and ETPs recorded net inflows of US$18.99 billion (€15.34 billion) in March, down from $197.28 billion of inflows in the first quarter of 2017.

In the European ETF market, economic uncertainties led investors to rein in their investments in equities, which gathered €1.2 billion in March, compared with €17 billion over the course of the quarter.

Year-to-date net inflows for 2018 reached $27.40 billion at the end of March which is less than the $35.37 billion in net inflows at this point last year.

Due to market moves assets invested in ETFs/ETPs listed in Europe decreased by 0.75%, or $6.26 billion, during March, to $825.76 billion. 

The majority of net new inflows were attributed to the top 20 ETFs by net new assets, which collectively gathered $14.02 billion during 2018, ETFGI said.

The iShares $ Treasury Bond 7-10yr Ucits ETF on its own accounted for net inflows of $1.30 billion.

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