Amundi ETF reports that year to day US equities recorded a strong start, by gaining +EUR1.455 million (unhedged) and +EUR413 million (hedged) over the month.
The firm writes that Region World also stands as a major collector on the equity space (+EUR942 million for hedged and +EUR905 million for unhedged exposure). On a single country level, Switzerland recorded +EUR293 million (unhedged) and +EUR213 million (hedged) of inflows.
On sector and thematics, positive flows were focused on Financials (+EUR298 million) and Infrastructure (+EUR108 million). Finally, Amundi writes that on the smart beta universe, Value and Dividend remains the winning duo by respectively collecting +EUR515 million and +EUR245 million.
The firm writes that outflows were comparatively contained, with Emerging region being the largest loser on the equity space with EUR361 million of redemptions. On single countries, Italy lost -EUR74 million and Australia -EUR53 million. On sectors, Real Estate suffered from -EUR83 million of outflows. With -EUR38 million of outflows, Buy Back is the least popular factor, Amundi writes.
Inflows into Emerging Govies have dominated this month’s Fixed Income inflows, totalising EUR1166 million of positive flows, Amundi says. USA was well-represented on the corporate debt space, High Yield USA registered +EUR610 million, Corporate USA +EUR373 million and Floating rates USA (+EUR284 million out of +EUR324 million). On other fixed income, Cash USA brought in +EUR190 million, the firm writes.
Redemptions on Peripheral Eurozone govies continue their negative run by losing – EUR222 million, Amundi says. On the credit side, Corporate Global suffered from -EUR170 million and Corporate Eurozone -EUR122 million. On other fixed income, Aggregate USA witnessed -EUR327 million of outflows, Amundi writes.