Bond ETFs in Europe attracted the lion’s share of net inflows in the European ETF industry in July, data from Refinitiv shows.
Throughout the month ETF providers in Europe attracted around €11.6 billion in net inflows across all assets.
ETFs investing in bonds attracted the highest inflows across the European ETF landscape with €6.6 billion. Equities were close behind bringing in a net €5.1 billion through July.
It was the sixteenth consecutive month of inflows into European ETFs after the outflows sparked by the outbreak of Covid-19 in March 2020.
Detlef Glow, regional head of research at Refinitiv, said: “These inflows occurred in a positive but somewhat volatile market environment in which investor sentiment was still impacted by the dynamics of the Covid-19 pandemic and the resulting actions taken by central banks and governments in Europe and other parts of the world.”
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