European funds see outflows during July funds-europe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from funds-europe.com Daily Mail and Mail on Sunday newspapers.
European ETFs celebrate 12 months of inflows Apr 12, 2021 By Funds Europe
The European ETF industry saw net inflows for the twelfth consecutive month in March despite outflows from asset classes such as bonds and money market ETFs.
Throughout the month ETF promoters in Europe attracted net €16.6 billion of inflows, with equity ETFs drawing the lion’s share, according to data from Refinitiv.
European ETFs investing in equities attracted an estimated net €18.7 billion, while investors pulled out €2.5 billion from bond ETFs and €0.1 billion from money market ETFs.
Detlef Glow, head of EMEA Research at Refinitiv Lipper, said: “March 2021 marked the twelfth consecutive month with inflows into ETFs after the outflows caused by the outbreak of the coronavirus pandemic in March 2020.