May 2023 witnessed increased global ETF inflows, with equities and fixed income gaining momentum, while European investors exhibited caution and ESG strategies continued to gain traction.
According to Amundi’s ‘ETF Flows Analysis June 2023’, global ETFs experienced €42.1 billion in inflows in May, with equities and fixed income receiving €18.2 billion and €19.5 billion, respectively.
North American inflows remained stable at €33.3 billion, while European allocations decreased to €7.2 billion. US and world large-cap equities attracted €20.5 billion, while European investors showed caution.
European Ucits equity ETFs gathered €2.3 billion, and ETFs with exposure to world indices received €2.1 billion. European investors withdrew €1.4 billion from European equity strategies and €600 million from energy strategies.
ESG equity strategies gained €2.7 billion, with emerging market equities receiving €400 million. European Ucits fixed income ETFs witnessed cumulative inflows of €5.1 billion, with government bonds attracting €2.5 billion. Euro-denominated debt was preferred, with €1.4 billion allocated.
The market displayed positive growth, according to Amundi, with increased interest in equities and fixed income, cautious European investors and growing popularity of ESG strategies.
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