{"id":59256,"date":"2016-12-15T04:25:00","date_gmt":"2016-12-15T03:25:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/european-etf-market-flows-increased-in-november-2016\/"},"modified":"2019-12-31T01:21:41","modified_gmt":"2019-12-31T00:21:41","slug":"european-etf-market-flows-increased-in-november-2016","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/european-etf-market-flows-increased-in-november-2016\/","title":{"rendered":"European ETF Market flows increased in November 2016."},"content":{"rendered":"<p>Net New Assets (NNA) during this month amounted to EUR4.3bn, above the year to date average of EUR3.7bn. Total Assets under Management are up 10% vs. the end of 2015, reaching EUR497bn, and including a limited market impact (+2.2%). ETF flows experienced a great rotation from fixed income to equities and from emerging to developed equities. The pick up in developed equities was mainly focused on US and European underlyings, following Trump\u2019s election. <\/p>\n<ul>\n<li> <strong>Equity ETFs saw 11-month record high inflows at EUR7.6bn. US equity ETF flows<br \/>\naccelerated at EUR3.6bn, mainly during the days following the US election. European ETFs<br \/>\nsaw a significant trend reversal at EUR 2.5bn, though they still haven\u2019t made up forthe huge<br \/>\noutflows observed earlier in the year.<\/strong> Global developed equities also benefited from increased<br \/>\ninvestor confidence with EUR1.7bn of inflows. The confirmation from the Fed of the next interest rate<br \/>\nincrease triggered some outflows from emerging markets at EUR1.3bn, mainly on broad and Asian<br \/>\nETFs.<br \/>\n<quote>Within Smart Beta, the value style continued to see high interest with EUR621M of inflows<br \/>\ntogether with some flows on the low vol factor, while Minimum Volatility ETFs continued to see outflows<br \/>\nin this more risk-on environment.<\/quote><br \/>\n Overall, Smart Beta flows reached EUR614M this month.<\/li>\n<\/ul>\n<ul>\n<li> <strong>Fixed income flows saw a trend reversal with outflows of EUR3.3bn following 16 months<br \/>\nof inflows.<\/strong> These outflows mainly concerned government bonds from both developed and emerging<br \/>\ncountries at -EUR1.3bn and -EUR1.9bn respectively, having been negatively impacted by changes in<br \/>\ninterest rate expectations following the US election.<br \/>\n<quote>Flows on investment grade corporate bonds also saw<br \/>\na halt with EUR319M of outflows following 9 months of positive flows, and a one year average of EUR1.2bn,<br \/>\nlikely reflecting investor doubts on a QE extension.<\/quote><br \/>\n On the other hand, due to increased inflation fears in<br \/>\nthe market after the US election, inflation-linked ETFs continued to see inflows at EUR284M, mainly on<br \/>\nUS TIPS. Inverse strategy ETFs which benefit from interest rate increases (double short bund or UST)<br \/>\nalso saw significant interest with inflows of EUR248M, a one year record high as both US and European<br \/>\ninterest rates rebounded on expectations of a rate hike by the Fed and a change in US fiscal policy. <\/li>\n<\/ul>\n<ul>\n<li> Commodities ETFs[[including also non UCITS eligible\/compliant ETFs ]] saw virtually no flows in November, but year to date flows are positive at EUR2.5bn.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.next-finance.net\/http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_.jpg\"><img loading=\"lazy\" class=\" aligncenter size-full wp-image-59250\" src=\"IMG\/jpg\/european_etfs_in_november_2016_-_net_inflows_eurm_.jpg\" alt=\"european_etfs_in_november_2016_-_net_inflows_eurm_.jpg\" align=\"center\" width=\"869\" height=\"489\" \/><\/a><div id='gallery-1' class='gallery galleryid-59256 gallery-columns-3 gallery-size-herald-lay-c1'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a class=\"herald-popup\" href='http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_.jpg'><img width=\"470\" height=\"313\" src=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_-470x313.jpg\" class=\"attachment-herald-lay-c1 size-herald-lay-c1\" alt=\"\" loading=\"lazy\" srcset=\"http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_-470x313.jpg 470w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_-300x200.jpg 300w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_-414x276.jpg 414w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_-640x426.jpg 640w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_-130x86.jpg 130w, http:\/\/beta.next-finance.net\/wp-content\/uploads\/2016\/12\/european_etfs_in_november_2016_-_net_inflows_eurm_-187x124.jpg 187w\" sizes=\"(max-width: 470px) 100vw, 470px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Net New<br \/>\nAssets (NNA) during this month amounted to EUR4.3bn, above the year to<br \/>\ndate average of EUR3.7bn. Total Assets under Management are up 10% vs. the<br \/>\nend of 2015, reaching EUR497bn, and including a limited market impact (+2.2%).<\/p>\n","protected":false},"author":1,"featured_media":59250,"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\/59256"}],"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=59256"}],"version-history":[{"count":1,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/59256\/revisions"}],"predecessor-version":[{"id":59257,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/59256\/revisions\/59257"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/59250"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=59256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=59256"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=59256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}