European investors pour €2bn into ETFs

Inflows for that week were the strongest of any so far in 2011, as all major asset classes posted positive cash flows.   The figures were primarily fuelled by a resurgence in developed market European equity ETFs, which gained €1.1bn, almost half of which went to Dax benchmarked ETFs. However, Deutsche Bank's analysts point out this behaviour is typical in the run-up to the dividend season and has historically been followed by the unwinding of these positions once the tax benefits have been realized. Whether this interest in the Dax proves to be the result of short-term tax optimis...