Investors piled into ETFs in June, increasing inflows into the investment vehicle by more than 70% compared to May.
Nearly €65 billion was sunk into global ETFs in the final month of the second quarter, up from €37.3 billion the previous month, according to data from French fund house Amundi.
Overall, investors allocated €17.8bn to shares, with allocations to European-registered equity ETFs concentrated in global and North American equities with in.
The lion’s share of inflows went to debt-focused ETFs, which saw €42.1 billion of new cash.
According to the report, investors’ appetite for corporate bonds remained steady with European-registered funds collecting assets of €4.3 billion.
Global allocation to commodities was considerably lower than last month but in-flows into European-registered products were €834 million, two-thirds higher than last month.
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