Despite a slight slowdown in March, net new assets invested in European ETFs during the first quarter were largely positive, according to Amundi’s ETF Market Flows Analysis for March, reaching EUR25 billion.
Flows were driven mainly by fixed income products, which account for more than two thirds of the total.
On the equity side, global exposures led, with EUR7 billion of inflows, followed by emerging markets. At the other end of the spectrum is Europe, which suffered redemptions amounting to nearly EUR5 billion over the quarter.
In the fixed income universe, which accounts for two-thirds of the inflows, the split is roughly even between government debt and corporate debt.
Looking at markets in March, Europe is buying global equities and selling Eurozone stocks. At a country level, France and Germany saw outflows, towards the UK, which benefited from close to EUR410 million of subscriptions.
