Global ETFs in-flows were EUR42.7 billion in April, almost flat on the previous month and a slower than average month, Amundi ETF reports.
Like March, investors favoured fixed income, which gained EUR22.1 billion while equities added EUR15.5 billion. Inflows in the US ETFs market remained subdued at EUR31.7 billion while they reached EUR10.4 billion in Europe and were slightly negative in Asia (APAC).
Overall, the most popular strategy was world equity indices which gained EUR8.1 billion this month. US high-yield bonds were the second most popular strategy adding EUR5.2 billion. Large value strategies recorded the largest outflows of EUR2.2 billion.
Amundi ETF writes that the market data indicates that despite low volatility levels, investors lack direction and are uncertain how to invest. The greater popularity of fixed income compared with equities in both the US ETFs market (EUR14.4 billion versus EUR12.7 billion) and in Europe (EUR6.4 billion versus EUR3.9 billion) indicates a preference for less risky assets.
