Investors capture dividend profits on Dax ETFs

The trades left equity ETF flows €1.2bn in the red, but Deutsche Bank's analysts said the sector otherwise received a healthy €800m cash injection. ETFs tracking the Dax had accumulated almost €5bn in new money this year up to 22 April, but last week saw a sudden turnaround, with iShares Dax (DE) alone losing €2bn. Deutsche Bank said this pronounced activity has become a characteristic feature of the European ETF market, although it estimates relevant trades to be a third of the size of those seen in 2010. Other asset classes remained relatively flat, with commodity ETPs posting in...