+€11.1bn in May – Europe, EM equity and Corporate Bonds beneﬁt Data in this report is as of 31 May 2017…
Deutsche Bank : European Monthly ETF Market Review for May 2017
Data in this report is as of 31 May 2017
European ETP Monthly Highlights (Assets & Flows):
Assets: European ETPs AUM increased by €7.5bn on MoM basis and ended the month at €607bn.
Flows: European-domiciled ETPs registered strong inﬂows of +€11.1bn last month where year-to-date ﬂows have reached +€48bn.
New Product Launches – 40 New products European ETP market witnessed 40 new launches in May which includes 28 Commodities ETPs , 11 Equity and 1 Fixed Income ETFs.
Investment Themes for the Month
European indices (Regional focused) recorded inﬂows of +€2.2bn. Indices that beneﬁtted this month were Euro STOXX 50 (+€879mn), MSCI EMU (+€392mn) and MSCI Europe (+€233mn). EM also saw signiﬁcant inﬂows (+€1.3bn). Country wise, Japan (+€255mn) beneﬁted while Germany & UK saw outﬂows (-€498mn) & (-€258mn) respectively.
Smart Beta segment recorded inﬂows of +€1.3bn. Value Factor ETFs surged with inﬂows of +€772mn. Robotics & Automation continued to draw steady investment (+€307mn). In other segments, Mid Caps (+ €685mn), Financials (+€191mn) and Industrials (+€112mn) beneﬁtted while Real Estate lagged (-€137mn).
Corporate bond ETF were the net largest contributer for Fixed income ﬂows, attracting +€2.4bn.
Gold ETPs (+€609mn) commanded most of the overall commodity ﬂows (+€1bn).
Activity in US listed ETFs suggests that US investors were positive on both European-focused regional and country ETFs (+$5.1bn, ytd +$10.4bn).
Turnover: MoM turnover increased by 25% The total turnover activity into European ETPs increased by 25% (€76.1bn) compared to the previous month’s total (€60.7bn).