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\nVanguard European ETF market review December 2021
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\nHighlights<\/p>\n
\u00a0\u00a0\u00a0 Equity ETFs<\/strong><\/span> captured $5.0 billion of net cash flows in December, down from the $10.3 billion of inflows seen in November. Equity ETFs were the largest contributor to total ETF flows in 2021, with $139 billion.<\/p>\n\u00a0\u00a0\u00a0 Fixed income ETF<\/strong><\/span> flows maintained their momentum in December with $4.7 billion of inflows, compared with the $5.3 billion of flows received the previous month. For the full year, fixed income ETFs attracted $43 billion in assets.<\/p>\nEuropean-domiciled ETF<\/strong><\/span> inflows slowed in December ($10.8 billion) relative to the previous month ($16.1 billion). Market flows were relatively evenly spread between equity and fixed income strategies, at $5.0 billion and $4.7 billion respectively. Commodity ETFs saw inflows of $1.0 billion in December, after suffering outflows of -$158 million in November.<\/p>\nFor the year overall, European-domiciled ETFs<\/strong><\/span> recorded $193 billion in inflows in 2021, equivalent to an average monthly pace of $16 billion. More than 70% of new fund assets were captured by equity ETFs ($139 billion), with fixed income gaining $43 billion.<\/p>\nWithin equities, sustainable exposures again led the inflows in December, taking in nearly $10.0 billion, with United States ($4.5 billion), Europe ($1.9 billion) and world ($1.8 billion) exposures the most popular. Thematic exposures were a distant second, taking in $0.7 billion, with global exposures registering the majority of inflows, while China exposures detracted slightly. Core ETF exposures suffered outflows of $3.1 billion in December, more than offsetting the inflows of $2.9 billion of the previous month. Among core ETF strategies, global (-$2.4 billion), Japan (-$0.7 billion) and emerging market (-$0.7 billion) exposures all saw outflows, while United States ($1.9 billion) and Europe ex-UK ($0.6 billion) strategies experienced inflows. Smart beta was the second-largest detractor, with negative flows of -$1.1 billion, as world (-$0.6 billion) and Europe (-$0.5 billion) exposures saw the largest outflows.<\/p>\n
In fixed income<\/strong><\/span>, government, corporate and aggregate bond ETFs were the largest contributors to fixed income ETF inflows of $4.7 billion, contributing $2.4 billion, $1.5 billion and $1.1 billion respectively. Within government bonds, US Treasury ETF strategies proved popular with investors in December ($1.8 billion), followed by emerging market sovereign debt ($0.6 billion) and Japanese government bond ($0.5 billion) ETFs. Chinese sovereign debt saw outflows of $0.6 billion in December. Corporate bond ETF inflows were primarily driven by Europe ($1.1 billion) and US ($0.5 billion) exposures. Within the aggregate bond segment, global and US exposures saw the largest inflows, with $0.5 billion and $0.4 billion respectively. High-yield ETF exposures suffered net outflows of $0.5 billion, with US (-$0.4 billion) and eurozone (-$0.2 billion) strategies experiencing the largest outflows, while Asia ex-Japan high-yield ETFs saw $90 million in inflows.<\/p>\nCommodity ETFs<\/strong><\/span> garnered $1.0 billion of assets in December, as inflows of $1.2 billion into broad exposures were offset by outflows of -$0.2 billion from precious metals ETFs.<\/p>\nVanguard UCITS ETFs<\/strong><\/p>\nIn December, the Vanguard UCITS ETF range captured net inflows of approximately $478 million, primarily driven by inflows into the equity ($501 million) and multi-asset ($47 million) ranges. In equity, the Vanguard S&P 500 UCITS ETF and the Vanguard FTSE All-World UCITS ETF registered the largest inflows over the month, with $523 million and $394 million respectively. The Vanguard FTSE 250 UCITS ETF and Vanguard FTSE Developed Europe UCITS ETF were the largest detractors, suffering outflows of -$282 million and -$275 million respectively.<\/p>\n
The Vanguard fixed income UCITS ETF range experienced outflows of around -$70 million in December, mainly due to outflows from the Vanguard USD Treasury Bond UCITS ETF (-$83 million) and the Vanguard USD Emerging Markets Government Bond UCITS ETF (-$75 million). Fixed income outflows were offset in part by positive flows into the Vanguard Global Aggregate Bond UCITS ETF ($35 million) and the Vanguard EUR Corporate Bond UCITS ETF ($29 million).<\/p>\n
The Vanguard LifeStrategy UCITS ETF range continued to see significant investor interest, attracting $47 million of inflows.<\/p>\n
\n1 Source: Vanguard, ETFbook, as at 31 December 2021. Data extracted on 5 January 2022.<\/p>\n
Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
Vanguard European ETF market review: European-domiciled ETFs saw their twenty-first consecutive month of inflows, recording $10.8 billion of new fund assets in December. For the full year, total inflows were over $193 billion in 20211.<\/p>\n","protected":false},"author":4,"featured_media":21827,"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":[296],"class_list":["post-23869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maandelijkse-etf-analyse","tag-vanguard"],"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\/23869","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=23869"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/23869\/revisions"}],"predecessor-version":[{"id":23871,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/23869\/revisions\/23871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/21827"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=23869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=23869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=23869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}