US large-cap ETFs rake in €18bn in September as risk sentiment returns
TrackInsight data
US large-cap stocks ETFs enjoyed in the highest inflows during September, according to the latest data from TrackInsight, with net sales of €18.4bn following a lacklustre August as equities continue to yo-yo in and out of investors' favour.
The inflows came despite the continued threat of a trade war escalation between the US and China, significantly boosting the year-to-date intake of the asset class, which now stand at €40.8bn.
Global and small-cap stock ETFs were also in favour, taking in €9bn and €3.5bn respectively during the month. This follows strong outflows from both asset categories during a risk-off September.
However, developed investment grade bonds also remained in favour, attracting €11.2bn as investors looked to shore up their portfolios.
All bond categories were in the black in October, though developed government and high yield bonds took in far less than corporate debt, with inflows of €1.1bn and €1.4bn respectively.
However, the €522m inflows into emerging market bonds give away investors' higher tolerance for risk during October.
Yet the return of risk sentiment was not enough to drive flows into EM equities, which suffered redemptions of €1.2bn during the month - one of only three asset categories to see withdrawals, along with Asian and European large-cap stocks ETFs.
