After breaking many records in 2017, the European ETF market it marked the best start to a year ever. Net inflows of new capital tripled, going from 4,2 billion euros in December to 13,4 billion in January. This is what emerges from the latest analysis Lyxor, which specifies that the Equity ETFs attracted the most capital, recording their best month ever (11,5 billion).
Within the equity markets, inflows into US stocks they slowed down between December and January, going from 2,6 to 1,7 billion euro. The trend for women is quite different Japanese stocks, who forfeited €1,2 billion, marking a new monthly all-time high.
The flows towardsEuropean equity, on the other hand, returned to positive territory for 3,7 billion, after the negative result of 532 million recorded in December. Also the inflows towards the global actions they set new monthly records, reaching 2,2 billion.
Interest in the fixed income is declining: flows have halved compared to the levels of the previous January, falling to 1,4 billion.
I Government bonds of developed markets recorded outflows of 236 million: the figure for Europe (-485 million) had a decisive impact on the overall result. The segment of government bonds of emerging countries instead it showed a strong recovery, going from -68 million in the previous month to 896 million.
The growing interest in the Inflation-linked ETFs reflects a key trend. In this segment, inflows recorded the fourth consecutive monthly acceleration, reaching 645 million. A result heavily influenced by the new inflation expectations in the United States. All of the flows into this category went to US inflation-linked ETFs, while their European counterparts recorded €152m of outlays.
Even the Commodity ETFs and those Smart Beta they recorded a particularly positive January, forfeiting respectively 476 and 892 million.
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