Vanguard: “Across Europe, the industry continued to see inflows into European domiciled ETFs. Last week saw $2.7bn added to European-domiciled ETFs, largely driven by fixed income, followed by equities and commodities. .
Andreas Zingg, Head of Switzerland and Liechtenstein
In equities, investors allocated a large majority of flows into global exposures, followed to a lesser extent by European and Asia Pacific ex Japan exposures.
In fixed income, inflows into corporate bonds continued for another week, across USD- and EUR-denominated issuances.”
“At Vanguard, our UCITS ETF lineup moved to positive flow territory in April, primarily driven by equity exposures. In fixed income, the overall flow picture remains muted so far during April, after significant year-to-date inflows.
ETFs were no stranger to the March volatility – our UCITS ETFs saw the average daily volume in the secondary market skyrocket and the average spreads widen four-fold.
These levels have softened with the average daily volume for April. Although it’s great to see these improvements, the spreads are still significantly wider than we would normally see.”