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Global X’s thematic ETF report finds assets shifting sectors

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Global X’s European Thematic UCITS Report for May 2021 found that at the end of May 2021, there were 61 thematic UCITS ETFs totalling USD35.6 billion in assets under management (AUM), declining by 0.8 per cent on the month. Disruptive Technologies and People & Demographics recorded a monthly decrease of AUMs in May, -2 per cent and -5 per cent respectively, while Physical Environment thematic UCITS ETFs saw a 3 per cent increase.  

Global X reports that in May, UCITS Thematic ETFs recorded USD112 million of net outflows after USD1.2 billion of net inflows in April. Climate change related themes attracted the largest net inflows in May with USD332 million (vs USD825 million in April).   

Most of the net new inflows went into clean and renewable energy thematic ETFs (USD138 million) and resource scarcity thematic ETFs (USD192 million). In May, the European Parliament approved a EUR17.5 billion fund to help coal dependent EU regions shift to be climate neutral. The funds will be directed to renewables, energy efficiency, sustainable transport and digital innovation, the report says.  

Digital technologies and Robotics recorded significant net outflows on the month, with USD80 million and USD98 million respectively, amid the sell-off in the technology stocks over the past few months led by rising interest rates.  

Health related themes also recorded net outflows in May (USD81 million), particularly healthcare innovations. Healthcare companies, specifically pharmaceuticals, were negatively impacted by discussions around waiving vaccine intellectual property (IP) led by the Biden Administration at the beginning of May, Global X says.  

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