{"id":19731,"date":"2019-04-11T11:16:08","date_gmt":"2019-04-11T10:16:08","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/?p=19731"},"modified":"2020-05-12T10:57:33","modified_gmt":"2020-05-12T09:57:33","slug":"lyxor-etf-money-monitor-march-2019","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/lyxor-etf-money-monitor-march-2019\/","title":{"rendered":"Lyxor ETF Money Monitor March 2019"},"content":{"rendered":"

European ETF flows slow again Net new assets in the European ETF market decelerated in March to \u20ac5.2bn from the \u20ac13.7bn we saw in February….<\/p>\n

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By Marl\u00e8ne Hassine Konqui, Head of ETF Research and Kristo Durbaku, ETF Research Analyst<\/strong><\/p>\n

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Equity inflows collapsed<\/strong> (-\u20ac1.7bn) after strong outflows from developed market equities (-\u20ac2.1bn) and lesser inflows into emerging markets equities (\u20ac0.4bn).<\/p>\n

At the same time, fixed income ETFs enjoyed massive inflows<\/strong> (\u20ac5.8bn) for a fourth consecutive month driven by developed corporate bonds and emerging market government bonds.<\/p>\n

Commodity ETFs flows,<\/strong> which had turned ever so slightly positive last month, resumed their negative trend.<\/p>\n

It was another positive month for Smart Beta ETFs<\/strong> with \u20ac1.1bn of inflows, mostly on the quality factor.<\/p>\n

Lastly, ESG flows (\u20ac406m) were far lower than in February<\/strong> (\u20ac1.1bn) but are still positive on every one of the ESG categories.<\/p>\n

Searching for yield<\/strong><\/p>\n

After a pause last year, the hunt for yield is firmly back on track in both the equity and the bond markets, fueled by more dovish central banks and declining interest rates.<\/p>\n

In the fixed income space,<\/strong> both investment-grade and high yield corporate bonds have gathered strong inflows year-to-date \u2013 and enjoyed a record combined month in March with inflows of EUR3.6bn.<\/p>\n

IG corporate bond monthly flows of EUR2.3bn were their second best ever (just after the April 2016 record of EUR2.4bn when the second LTRO was announced).<\/p>\n

High yield bond ETF flows<\/strong> reached their own record of EUR1.3bn. Among equities, having been out of favour between mid-2017 and mid-2018, there has been a real revival of interest in income-generating ETFs.<\/p>\n

Inflows amounted to EUR1.7bn at the end of March.Historical data tells us that there is a significant inverse correlation between corporate bonds and dividend-paying ETF flows on one side and 10-year German interest rate flows on the other.<\/p>\n

Flows into the higher income products<\/strong> tend to peak when interest rates reach record lows.<\/p>\n

Should the very low yield environment continue, we expect inflows into corporate bonds and income-generating equity ETFs to continue.<\/p>\n

ETF Monthly Analysis<\/strong><\/a><\/pre>\n
Source: ETFWorld<\/p>\n","protected":false},"excerpt":{"rendered":"
European ETF flows slow again Net new assets in the European ETF market decelerated in March to \u20ac5.2bn from the \u20ac13.7bn we saw in February….<\/p>\n","protected":false},"author":4,"featured_media":19733,"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-19731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maandelijkse-etf-analyse","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\/nl\/wp-json\/wp\/v2\/posts\/19731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=19731"}],"version-history":[{"count":4,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/19731\/revisions"}],"predecessor-version":[{"id":19747,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/19731\/revisions\/19747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/19733"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=19731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=19731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=19731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}