Bringing you live news and features since 2006 

Negative performance

Morningstar’s March figures show ‘negative record high’ in ETF flows


Morningstar’s March 2020 summary of the European ETF market reveals that the industry experienced net outflows of EUR21.9 billion during the month as investors reacted to the spread of coronavirus across the globe. 

The firm writes that this is a negative record high for an industry that has become used to seeing an almost uninterrupted string of monthly net inflows since its establishment two decades ago.

Key findings for March from Morningstar included assets under management dropped by 13 per cent to EUR781 billion, levels last seen in June 2019 and weekly flows analysis showed a rebound in late March as investors found solace in stimulus measures.

According to Morningstar, equity and bond ETFs recorded net outflows of EUR13 billion each. On the other hand, commodities attracted EUR3 billion of inflows, with gold proving again to be a haven at times of stress.

Heaviest outflows were experienced at UBS and iShares, while ETFs from Vanguard saw significant inflows.

Jose Garcia-Zarate, Associate Director, Passive Strategies, says: “We haven’t seen figures like these even in the darkest days of the global financial crisis of 2008 or during the height of the eurozone debt crisis. To put this in context, the previous net outflows high amounted to EUR8.3 billion, which was in August 2019 when weak economic indicators and a flare-up in the trade tensions between the US and China sent jitters through global equity markets. This was then followed by a sharp rebound with net monthly inflows averaging EUR15 billion from September 2019 to January 2020.”

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by