Rebound reinforced for European Equity ETFs….<\/p>\n
By Marl\u00e8ne Hassine Konqui, Head of ETF Research and Kristo Durbaku, ETF Research Analyst<\/strong><\/p>\n Net new assets in the European ETF market more than doubled in September to \u20ac5.9bn from the \u20ac2.3bn we saw in August.<\/strong><\/p>\n Equities<\/strong> gathered the bulk of the inflows (\u20ac5.3bn) and are up significantly (+82%) since August.<\/p>\n US equity ETFs<\/strong> again enjoyed the most significant gains (\u20ac2.5bn) but their Europe-focused counterparts confirmed their latest rebound with another strong month.<\/p>\n Fixed income ETF<\/strong> inflows rebounded despite rising rates (\u20ac1.2bn), led by US treasuries (\u20ac759m).<\/p>\n In contrast, commodity ETFs<\/strong> continued to suffer significant outflows (-\u20ac635m) on trade concerns.<\/p>\n Smart beta regains some popularity<\/strong><\/p>\n Sentiment on smart beta may finally have turned. A net \u20ac1.4bn of flows entered smart beta ETFs last month \u2013 the largest inflows in two years.<\/p>\n In fact, smart beta equity ETF flows represented more than half of the inflows into European equity ETFs and World equity ETFs.<\/strong><\/p>\n However, they still accounted for a very small part of US equityflows, because investing outside of the US demands more caution right now.<\/p>\n Minimum volatility ETFs flows, in particular into World and Europe, have regained significant ground(\u20ac281m).<\/p>\n Risk-based,fundamental and factor allocation strategies enjoyed significant inflows simultaneously, which is something we rarely see.<\/strong><\/p>\n The first two enjoyed something of a rebound, while factor allocation strategies continued their recent rally.<\/p>\n Unlike other strategies, factor allocation inflows are diversified andsupported by Momentum, Low Vol\/Low Beta and Quality factor ETFs (+\u20ac612m, +\u20ac475m and +\u20ac284m respectively in Q3).<\/p>\n This can be explained, at least in part, by the uncertain economic environment in Europe and the advanced phase of the economic cycle in the US.<\/p>\n In such a context, Quality tends to outperform Value.<\/strong><\/p>\n Little wonder US Value ETFs suffered massive outflows in September (-\u20ac560m).<\/p>\n Source: ETFWorld<\/p>\n","protected":false},"excerpt":{"rendered":" Rebound reinforced for European Equity ETFs….<\/p>\n","protected":false},"author":3,"featured_media":18285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[231],"tags":[235,234],"class_list":["post-18877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-monthly-analysis","tag-lyxor-etf","tag-lyxor-etf-money-monitor"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/18877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=18877"}],"version-history":[{"count":4,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/18877\/revisions"}],"predecessor-version":[{"id":18883,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/18877\/revisions\/18883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/18285"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=18877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=18877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=18877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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