Eurozone Bluechips and Financials benefit most in July…
Deutsche Bank : European Monthly ETF Market Review for July 2017
Data in this report is as of 31st July 2017
European ETP Monthly Highlights (Assets & Flows):
Assets: European ETPs AUM increased by €4.4bn on MoM basis and ended the month at €610bn.
Flows: European-domiciled ETPs registered inflows of +€8.6bn in July where year-to-date flows have reached +€65bn.
New Product Launches – 13 New products European market witnessed 13 new products launched during last month including 6 Equity ETFs, 4 Fixed Income and 3 Commodity ETFs.
Investment Themes for the Month
– European regional indices recorded net inflows of +€1.7bn, mostly into the Euro STOXX 50 index. EM also saw inflows (+€384mn). Country wise, Germany (+€531mn), US (+€313mn) & Japan (+€132mn) benefited while Switzerland saw outflows (-€95mn).
Smart Beta segment recorded inflows of +€1bn driven by Value (+ €349mn), ESG (+€290mn), and Dividend (+€206mn). Low Vol ETFs saw redemptions (-€156mn).
Sector-wise, Financials gained an impressive +€1.3bn.
Currency Hedged and Leverage Long ETFs had a strong month with inflows of +€638mn and +€199mn respectively. EUR hedged products drove the Currency Hedged segment.
Fixed Income ETFs witnessed +€2.3bn inflows where the Money Markets segment grew by 16% (c.€500mn).
+€0.6bn inflows in Commodity ETPs where Gold (+€292mn) and Broad Commodity (+€139mn) contributed most.
US listed ETFs with exposure to European equities drew +$354mn.
Turnover: MoM turnover decreased by 17% The total turnover activity into European ETPs decreased by 17% where total turnover observed was (€55.2bn) compared to the last month’s total (€66.6bn)
Quelle: ETFWorld
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