European ETP investors shifted into defensives in August and out of risky assets in response to market volatility, Deutsche Bank reports.
The European exchange-traded products (ETP) market had outflows of €1bn last month, with ETFs experiencing outflows of €1.1bn, while exchange-traded commodities (ETCs) saw inflows of €100mn. Total European ETP assets declined 5.9% during August, to end the month at €233.1bn. This was largely driven by falling asset prices, Deutsche reports. Gold (€795mn), sovereign bonds (€542mn) and money market (€308m) products all had strong inflows, which Deutsche states is characteristic of the market mood where investors are exiting risky assets. In line with that, equity ETFs had outflows. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
