Investors allocated nearly €60bn to global fixed income ETFs over July and August as the uncertain outlook for the global economy drove them to a more “risk-off” mode, Amundi’s ETF Market Flows analysis shows.
Overall, global ETFs saw €90.7bn inflows over the summer, with July and August attracting €44.1bn and €46.6bn, respectively. While fixed income was the most popular asset class, equities also added €41.9bn. The majority of global inflows, €85.3bn, were made in the US. Flows were positive in Asia for both months with the region adding €3.9bn in this period, but flows were mixed in Europe, with the region adding €2.2bn in July and withdrawing €743m in August. Around €12bn was withdrawn from commodities over the period, with the bulk of the outflows happening in July when €8bn exited th...
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