Amundi reports that flows into global ETFs almost halved in June to EUR35.7 billion from EUR71.9 billion in the month before.
The firm writes that while the overall flows were positive, it was only the US which added EUR37.6 billion − both Europe and Asia had outflows of EUR959 million and EUR934 million respectively. Year-to-date total in-flows were EUR381.5 billion, a decrease of 35 per cent compared to last year.
Within the European registered ETF market, Amundi reports that European UCITS equity ETF strategies gained EUR1.3 billion in June taking the year-to-date total to EUR44.9 billion. In June, Chinese and World equities were the most popular products.
In fixed income, European UCITS fixed income ETF strategies lost EUR917 million in June, according to Amundi – for the first time this year. Year-to-date total flows were EUR11.1 billion. Reflecting the trend since the beginning of the year, investors favoured government debt ETFs vs corporate bonds ETFs, Amundi says.