Investors poured money into ETFs tracking French stocks in the first half of the year – mainly around the time of the country’s presidential election.
Data shows that €961 million flowed into French equity ETFs during the six months to the end of June, making France the “clear winner in overall inflows for European countries”, according to TrackInsight, which measures ETF performance and flows.
The majority of assets were allocated during the presidential election, an event that saw Emmanuel Macron beat a more populist candidate and reduce uncertainty.
The latest data shows that French equity ETFs have €6.48 billion in assets under management, based on 12 funds.
In a further sign of investor interest in Europe this year, Spanish equity ETFs in the first half saw the largest proportional inflows out of European single-country ETFs, with €743 million of new money.
Greek stock ETFs were the best performers, returning an average of 17.17% with a recovery started in April and continuing at the end of June.
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