ETF flows increased by almost three times in November compared to the previous month. Positive vaccine news was the reason given.
Global ETF inflows reached €122.5 billion during November, according to Amundi.
Investor confidence saw global equity allocations rising to €105.4 billion – a more than six-fold increase on the previous month, which recorded inflows of €17.4 billion.
Inflows into European-registered equity ETFs matched that six-fold increase, with €16.3 billion invested compared with €2.6 billion in October.
Inflows into European-registered fixed income, meanwhile, were less than a tenth of the assets allocated to equities at €1.5 billion. Globally, fixed income saw €22.3 billion of inflows, slightly down on the €25.4 billion invested in October.
Investors’ confidence in Asia’s ability to bounce back from the Covid crisis saw emerging market and China government debt gaining €1.2 billion and €1.1 billion, respectively.
In its monthly market figures, Amundi has for the first time reported climate ETF fund flows as an individual product.
The European Commission has recently published the delegated act of climate-related benchmarks making this an officially recognised index series, Amundi said, and shows that flows into climate products were “stable” €1.2 billion in November.
The firm added that investors were rotating equity allocations out of traditional products and into a core ESG allocations as well as a satellite climate ETF.
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