Amundi reports European Ucits ETFs saw positive inflows over April
Amundi’s ETF Market Flows Analysis reveals that global ETFs gained EUR281 billion during the first four months of the year. In April, however, these strategies gained close to EUR23 billion – around a fifth of the EUR109 billion added in the previous month.
In the equity space, there were net outflows over these four weeks of EUR12.4 billion in the US while European UCITS ETFs in-flows remained positive for this month gaining EUR9.5 billion.
Amundi writes that European UCITS regional equity ETFs gained EUR37.9 billion in the first four months adding almost EUR9 billion in April. World indices remained the most popular gaining EUR21.7 billion and North American strategies added EUR12.6 billion. While in-flows into equity ESG strategies continued, the momentum slowed. Year-to-date in-flows were EUR10.4 billion but in April flows were EUR1.4 billion, a slight slowing on the EUR1.5 billion gains in March.
Fixed income: Year-to-date investors allocated EUR6.3 billion to European UCITS government debt ETFs with US government debt exposure the most popular asset class. Corporate debt gained EUR3 billion year-to-date with investors allocating EUR3.3 billion to US corporates and withdrawing EUR1.2 billion and EUR935 million from Eurozone high yield and investment grade respectively.