FN Marktrapporten

ETF flows slow again in an uncertain environment

Net new assets in the European ETF market dropped to €1.1bn in October – €4.8bn less than what we saw in September – given widespread political uncertainty and a lack of any obvious market trends. Equity inflows slowed to just €386m, after another strong month for US equities (€2.2bn) and further signs of renewed interest in European equities (€1.7bn) were offset by a terrible month for global equities (-€3.4bn). Fixed income ETF inflows halved in the rising rate environment (€701m), with investment-grade corporate bonds slumping to their worst month ever (-€1.3bn).