Robust Equity ﬂows across most regions…
Deutsche Bank : European Monthly ETF Market Review for October 2017
Data in this report is as of 31st October 2017
European ETP Monthly Highlights (Assets, Flows & Launches):
Assets & Flows: Assets rose by €22bn MoM (Total Assets €651bn), Net inﬂows +€7.6bn (YTD +€82.8bn)
10 New Launches: 6 Equity, 2 Fixed Income, 1 Commodity ETF and 1 Commodity ETC.
Investment Themes for the Month Equities (+€6bn) – Winners: Global DM +€1.4bn, Japan +€1.3bn, Europe + €1.2bn, US +€1bn and EM +€0.5bn; Smart Beta covering all regions saw + €712mn inﬂows.
Regional ﬂow drivers:
Europe (+€1.2bn): Regional (Euro STOXX 50 & MSCI EMU) were the major contributors. Mid Caps, Small Caps and Financials also beneﬁtted.
Other regions (+€4.2bn): 1) Global DM inﬂows (MSCI World) 2) Japan inﬂows (MSCI Japan USD Hedged & TOPIX) 3) US inﬂows (S&P 500) 4) EM inﬂows (MSCI EM and MSCI EM IMI).
Fixed Income (+€1.2bn) – Inﬂows into all regions except EM; Winners: US + €569mn, Global DM +€460mn, Europe +€333mn ; Losers: EM -€316mn . Regional ﬂow drivers:
Europe (+€333mn): Inﬂows in Corporate Bonds oﬀset by outﬂows from others sub segments.
Other regions (+€0.7bn): 1) US inﬂows (Sovereign & Corporate IG), 2) Global DM inﬂows (mostly in Corporate IG) 3) EM outﬂows (entirely in Sovereign bonds).
Commodities (+€321mn) – Gold inﬂows (+€410mn), Crude Oil outﬂows (€156mn).
Turnover: MoM turnover decreased by 2% The total turnover activity into European ETPs decreased by 2% where total turnover observed was (€57.4bn) compared to the last month’s total (€58.7bn).