The French asset manager Lyxor specialised in ETF has published trends of European ETF market for February 2015. It appears €10.4bn in net new inflows have been recorded over the month.
Total assets under management are up 17% in comparison with the end of 2014, reaching €424bn with a “significant market impact” (+6.8%). “ETFs from all the main asset classes saw close to three-year record-high inflows in a more risk-on environment,” Lyxor noted.
Equity ETF inflows have stood at €6.2bn. European equity ETFs collected more than €5.3bn whilst US equity ETFs have seen their first month of outflows in three years, totalling €682m.
Emerging equity ETFs have recorded inflows of €568m. “This follows two months of significant outflows and mainly concerned Indian ETFs and Global MSCI exposure,” Lyxor explained.
Fixed income ETF inflows have reached €3.9bn, affecting all ETFs categories. European govies and corporate bonds have collected respectively €679m and €1.2bn.
“High yield ETFs benefited from investors’ hunt for yield and from the eurozone equity market recovery to record three-year record-high inflows of €1.2bn.” Emerging markets debt ETFs have reached €711m.
Commodity flows have reached €226m, “most of which can be accounted for by positive flows on broad ETFs as oil prices picked up.”