The return of equity investors to the European exchange-traded product (ETP) market at a rate above that seen in the first quarter is a sign of market optimism, according to Deutsche Bank.
The bank's report, using figures up to 3 December, shows European-domiciled equity ETP cash flows in the fourth quarter have already outstripped those registered in the first quarter of the year. It shows equity is by far Europe's largest asset class and has a significant effect on overall growth figures. However, equity products saw net flows dip to around €2bn in the second quarter of this year, although they have since rallied to attract inflows of around €4.8bn and €6.4bn so far in the third and fourth quarters. Emerging markets have attracted consistent and growing inflows, dr...
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