{"id":21371,"date":"2020-04-10T09:32:17","date_gmt":"2020-04-10T08:32:17","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/?p=21371"},"modified":"2020-04-29T14:07:03","modified_gmt":"2020-04-29T13:07:03","slug":"lyxor-etf-money-monitor-march-2020","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/lyxor-etf-money-monitor-march-2020\/","title":{"rendered":"Lyxor ETF Money Monitor March 2020"},"content":{"rendered":"

Lyxor ETF Money Monitor: Fixed Income funds suffered their largest outflows on record in March 2020 (\u20ac-128.7bn). Equities recorded their second-largest-ever outflow amid the Covid-19 crisis (\u20ac-53bn)..<\/p>\n

Sign up to our free newsletters<\/strong><\/a><\/p>\n

\n

Vincent Denoiseux, Head of ETF Research and Solutions at Lyxor Asset Management<\/strong><\/p>\n

\n

ETF flows:<\/span> <\/strong><\/p>\n

ETFs had large outflows (\u20ac-25.6bn) over the month<\/strong>, with Fixed Income and Equity ETFs losing \u20ac-13.3bn and \u20ac-13.0bn respectively.<\/p>\n

Money Market was the only asset class were ETFs recorded positive flows (\u20ac1.3bn).<\/p>\n

ESG ETFs<\/strong> remained a bright spot in March despite the challenging market context, gathering \u20ac1.0bn.<\/p>\n

There was nowhere to hide in March 2020<\/strong>. Almost all asset classes lost assets \u2013 with the exception of Gold funds and ETPs.<\/p>\n

Fixed Income funds and ETFs<\/strong> lost a combined \u20ac-128.7bn of outflows, with \u20ac-115.4bn from open-ended funds and \u20ac-13.3bn from ETFs.<\/p>\n

Equity funds and ETFs<\/strong> had \u20ac-53.0bn of outflows, with \u20ac-40.0bn from open-ended funds and \u20ac-13.0bn from ETFs.<\/p>\n

Smart Beta ETFs<\/strong> had \u20ac-2.1bn of outflows, mainly from Equity ETFs.<\/p>\n

March 2020: fast and furious<\/strong><\/span><\/p>\n

March 2020 was an exceptionally volatile month for financial markets amid a brutal reaction to the Covid- 19 outbreak. Equity volatility and credit spreads reached levels that were last seen during the global financial crisis of 2007-8.<\/p>\n

The market sell-off affected the returns of all risk assets, while safe assets such as government bonds and gold posted positive performance.<\/p>\n

Trading volumes for Europe-domiciled ETFs were particularly high in the challenging market context \u2013 a mirror image of the high volumes of their underlying assets.<\/strong><\/p>\n

All asset classes had heavy outflows in March, particularly from active funds. Outflows from funds largely surpassed those from ETFs in Europe over the period.<\/p>\n

Fixed Income funds and ETFs posted their largest outflows on record \u20ac-128.7bn.<\/strong><\/span><\/p>\n

EUR Fixed Income<\/strong> recorded outflows across all sub-categories.<\/p>\n

In USD Fixed Income<\/strong> , Government Bonds remained the safe asset of choice. Riskier Fixed Incomesub-segments such as High Yield and EM debt suffered very significant outflows.<\/p>\n

Equity funds and ETFs experienced the largest outflows since 2007-8 global financial crisis (\u20ac-53.0bn).<\/strong><\/p>\n

All regions were affected, withglobal equity funds sufferingthe most (\u20ac-13.8bn, p.12), followedby the US (\u20ac-12.8bn), Emerging Markets (\u20ac-11.5bn) and Europe (\u20ac-5.7bn).<\/p>\n

Smart Beta<\/strong> exposures also suffered outflows (\u20ac-2.1bn). Conversely,investors rushed into safe assets such as Precious Metals, the only bright spot for Commodities(\u20ac1.7bn).<\/p>\n

ESG ETFs<\/strong> weathered the challenging market context and gathered healthy inflows (\u20ac1.0bn).<\/p>\n

Summarising the key trends for each asset class may not be comprehensive enough considering complexity of the current market environment.<\/span><\/strong><\/p>\n

Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

Lyxor ETF Money Monitor: Fixed Income funds suffered their largest outflows on record in March 2020 (\u20ac-128.7bn). Equities recorded their second-largest-ever outflow amid the Covid-19 crisis (\u20ac-53bn)..<\/p>\n","protected":false},"author":4,"featured_media":20834,"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-21371","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\/21371","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=21371"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/21371\/revisions"}],"predecessor-version":[{"id":21373,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/21371\/revisions\/21373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/20834"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=21371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=21371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=21371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}