Global X’s July thematic report finds demand down in July

Global X’s European Thematic UCITS Report for July 2021 reveals that UCITS Thematic ETFs recorded USD795 million of net inflows, after attracting USD986 million in June.

Climate change related themes attracted the largest net inflows again this month with USD362 million, according to Global X, with the bulk of net new inflows going into clean & renewable energy themes as several regions in the world were impacted by unusual hot weather. 

Besides, US Treasury Secretary Janet Yellen urged multilateral development banks (MDBs) to invest in climate change mitigation and to curtail investment that could drive further use of fossil fuels, providing tailwind to these themes, Global X comments.

Health related themes also recorded strong net inflows on the month (USD240 million) amid a global surge in delta variant cases. In contrast, disruptive technology themes lagged in terms of flows this month, with FinTech and Robotics recording net outflows of USD79 million and USD37 million respectively, as these themes were potentially negatively impacted by the negative investors sentiment resulting from the Chinese regulatory crackdown.

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