ETF flows at an all-time annual high….
By Marlène Hassine Konqui, Head of ETF Research and Kristo Durbaku, ETF Research Analyst
ETF flows accelerated further in November as persistent, and synchronized, global economic growth supported developed market equities and bonds. Flows into ETFs are already much higher than the previous annual record, set in 2015.
What happened last month?
ETF flows accelerated again in November to EUR10.4bn vs. EUR7.0 last month
Yearly flows of EUR88.6bn are already significantly above the previous record of EUR71bn
-Very strong month for Equity ETFs : € 6.8bn €3.0bn
– Fixed income flows nearly tripled : €3.0bn
– Strong rebound for Commodities ETFs: €560 M
– Smart Beta ETFs flows slowed slightly : €306M
What were the major trends?
Equity flows accelerated again : €6.8bn
Fixed income flows nearly tripled : €3.0bn
Rebound confirmed for Investment-grade credit
The risk reward ratio on the US IG credit market still looks attractive in a very low rate environment, although the outlook for credit is less certain next year
The dovish tone of Draghi’s speech last month may have boosted European IG bonds ETFs inflows
ETF flows at an all-time annual high
ETFs on the rise: €88.6bn
Total AUM is up 22% since 2016 : €629bn