ETFs defy volatility to gain inflows

The equivalent of $1.39 billion (€1.22 billion) flowed into exchange-traded products (ETPs) during October despite market volatility and the S&P 500 falling 6.8%.

Fixed income products listed in Europe saw net inflows of $946 million during the month, bringing their total for the year so far to $12.24 billion. However, this was still less than the $24.13 billion in net inflows at the same point last year, ETFGI reported.

Equity products listed in Europe saw net outflows of $179 million, meaning net flows for the year were a positive $33.99 billion – although again less than the $59.28 billion  in net inflows at this point in 2017.  

Overall year-to-date net flows into ETPs, including exchange-traded funds, in 2018 were about half that of last year: $47.70 billion, compared to $94.69 billion.

The largest 20 ETFs by net new assets gathered $5.29 billion.  This included the iShares Core MSCI World Ucits ETF, which gathered $519 million. 

“Few markets managed to avoid the October sell off, as investors grew jittery at the prospects of further rate hikes from the US treasury and any hope of resolutions to trade disputes appeared to be diminishing, be it in Europe or the US,” said Deborah Fuhr, managing partner and a founder of ETFGI.

©2018 funds europe

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