Global inflows into exchange-traded funds (ETFs) amounted to €52.5 billion in November of which €9.6 billion came from Europe, according to figures from French fund giant Amundi.
Globally, €43.4 billion went into equity ETFs in November of which €6.8 billion came from Europe.
In the eleven months to November, ETFs attracted €554 billion globally.
Within Europe, €1.8 billion in November went into US equity ETFs and €673 million went into ETFs exposed to European stocks.
In the bond markets, ETFs continued to benefit from solid flows during the month, at €9.5 billion globally, of which €2.5 billion came from Europe.
Sovereign bonds continued to be shunned by European investors and lost €203 million in favour of corporate bonds, which saw inflows of €1.5 billion.
In terms of exposure to specific countries, European investors in November favoured China, ploughing in €316 million.
Within the smart beta ETF universe, multi-factor strategies were the most popular in November, enjoying inflows of €338 million.
The two types of ETFs most affected by withdrawals were German ETFs, which saw withdrawals of €305 million, and small caps, down €213 million.
©2017 funds europe
