European investors favour global ETFs over regional exposures in August

Reflects UK open-ended funds trend

Global equity ETFs sold to investors in Europe saw a reversal of outflows in August, according to the latest monthly data from TrackInsight, bucking the general trend of slowing or negative flows into other equity sub-categories.

The flows data shows Global Markets Large Cap ETFs took in €204m in August, reversing outflows of €270m the previous month, while investors continued to pull money out of European ETFs.  The Developed Markets Europe Large Cap category suffered some €1.5bn of redemptions during the month, after €2.9bn of outflows in July, as allocators continue to worry about the impact of Brexit on the eurozone, as well as the continuing crisis in the European banking sector.  Flows into European-listed ETFs reflect a similar trend in the UK open-ended space.  Of all the Investment Association's eq...