{"id":48767,"date":"2016-02-08T00:57:55","date_gmt":"2016-02-07T23:57:55","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/the-european-etf-market-started-the-year-slowly-with-limited-flows-in-january-2016\/"},"modified":"2016-02-08T00:57:55","modified_gmt":"2016-02-07T23:57:55","slug":"the-european-etf-market-started-the-year-slowly-with-limited-flows-in-january-2016","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/the-european-etf-market-started-the-year-slowly-with-limited-flows-in-january-2016\/","title":{"rendered":"The European ETF Market started the year slowly with limited flows in January 2016"},"content":{"rendered":"<p><em> <strong>The European ETF Market started the year slowly with limited flows<br \/>\nin January 2016. Net New Assets (NNA) during this month amounted<br \/>\nto EUR1.9BN, 64% below the one year average of EUR5.2BN. Total<br \/>\nAssets under Management are down 4% vs. the end of 2015, reaching<br \/>\nEUR432.8BN, and including a negative market impact (-4.5%). In volatile<br \/>\nmarkets hammered by concerns over China, oil price evolution and Emerging<br \/>\nMarkets worries, positive flows were mainly concentrated toward European<br \/>\nETFs while Emerging Markets ETFs saw significant outflows.<\/strong> <\/em><\/p>\n<ul>\n<li> <strong>Equity indices gathered two thirds of the flows at EUR1.3BN.<\/strong> European equity ETF<br \/>\nflows saw significant flows of EUR2.7BN sustained by Mr. Draghi\u2019s reiterated dovish stance.<br \/>\nUS flows were positive throughout the month although limited to EUR209M, with an interesting<br \/>\nburst on minimum volatility products in a highly volatile month. Japanese flows after a positive<br \/>\nstart in the first half of the month turned negative to EUR816M, a one year record high as fear<br \/>\nabout Chinese growth continued to negatively impact Asian equities as a whole. Emerging<br \/>\nmarkets equity flows did not confirm their Q4 2015 rebound and were negative by EUR1BN.<br \/>\nThis represents more than what was lost during the whole of 2015 where Emerging markets<br \/>\noutflows reached EUR965M. In a context of Chinese equity market turmoil (-23.5% in one<br \/>\nmonth for the CSI 300 NTR in EUR), outflows concern both broad Emerging Market indices<br \/>\nat EUR561M and Asian indices at EUR511M.<\/li>\n<\/ul>\n<ul>\n<li> <strong>Fixed income indices\u2019 inflows reached EUR587M, i.e. 68% below the one year<br \/>\naverage. These limited fixed income flows have mainly concerned developed market govies<br \/>\nat EUR1.3BN.<\/strong> Both European and US govies saw inflows respectively of EUR732M and<br \/>\nEUR263M in a declining interest rate environment. Suffering from the overall pressure on<br \/>\nrisky assets and fear of economic slowdown, both investment grade corporate bond ETFs<br \/>\nand high yield bond ETFs have registered outflows totaling EUR643M. High yield bond ETF<br \/>\noutflows of EUR293M represent a one year record high as these ETFs are more specifically<br \/>\nsensitive to the volatility of the US high yield bond market.<\/li>\n<\/ul>\n<ul>\n<li> Commodities flows have been nearly flat at EUR28M with limited positive flows on Gold<br \/>\nETFs of EUR44M and EUR16M of outflows on broad indices.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The European ETF Market started the year slowly with limited flows<br \/>\nin January 2016. Net New Assets (NNA) during this month amounted<br \/>\nto EUR1.9BN, 64% below the one year average of EUR5.2BN. Total<br \/>\nAssets under Management are down 4% vs. the end of 2015&#8230;<\/p>\n","protected":false},"author":1,"featured_media":48765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1718,1651,1662,2234,1672],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/48767"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=48767"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/48767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/48765"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=48767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=48767"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=48767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}