Fixed income ETFs match equity ETF flows for the first time in 2023

ETF, fixed income, equity, ucitsGlobal exchange traded fund (ETF) flows hit approximately €300 billion - split almost equally between equity and fixed income, revealed data from Amundi.

The most popular strategy in the first six months of 2023 was US indices which collected €55 billion. US investors made Half of these gains in June – this trend was not reflected in Europe, reported Amundi.

Within the European undertakings for the collective investment in transferable securities (Ucits) ETF category, fixed income flows (€32.6 billion) also matched equity flows (€33.6 billion), revealed Amundi’s ETF market flows analysis report as of June 2023. 

The popularity of debt products reflects improved fixed income values after last year’s correction, higher yields and a broader range of fixed income ETFs giving investors more choice and granularity, said Amundi.

Emerging market equities were the most popular in the European Ucits ETF equity category, while government debt emerged as the most popular category in the fixed income category.

Within the European Ucits ETF market, environmental, social and governance (ESG) equities (€15.4 billion) almost matched funds allocated to traditional equity strategies (€18.2 billion). At the same time, ESG fixed income strategies ( €6.8 billion) failed to gain as much as traditional fixed income strategies (€25.8 billion).

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