Global exchange-traded funds (ETFs) flows shifted in July as investors turned to equities for the first time this year with the asset class receiving inflows of €28 billion.
North American equity ETFs took the lion’s share of investor cash in July, with inflows of €20.6 billion, according to the latest data from Europe’s largest asset manager Amundi.
World equity ETFs came next with €8 billion net new assets, whilst emerging market stocks saw outflows increase to €2.7 billion, according to the French firm.
Socially responsible investment (SRI) exposures were big equity winners in July with net new assets almost doubling, and sustainable ETFs gathering more than €1.1 billion of inflows, Amundi said.
On the bond ETF side, inflows continued during the month on a smaller scale than June, falling to €16.8 billion of net new assets.
Within the asset class, investors’ attention remained on corporate debt which saw €6.6 billion of inflows.
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