Lyxor ETF Barometer – May 2014

European ETF Market flows reach one-year record high in April 2014. NET NEW ASSETS (NNA) during this month amounted to EUR6.4bn, nearly twice the latest 12-month record reached in January 2014. Total Assets under Management are up 7% vs. the end of 2013, reaching EUR307bn, and including.

Marlène Hassine – Head of ETF Research – Lyxor ETF

Lyxor Etf Barometer – May 2014

a limited market impact (+2%*). ETFs from all main asset classes have seen record high inflows in a more risk-on environment.

Equity indexations saw 12-month record high inflows at EUR3.7bn. Investors have favoured risky assets with attractive valuation and/or interesting yield. Inflows have been strong on Developed equities at EUR2.2bn. High-yielding indexations and Value Equity, i.e. dividend indexations, Financial sector and Europe peripheral countries have gathered EUR1.4bn of assets, also representing a one-year record high. Emerging markets equity flows have reached a one-year record high at EUR1.2bn. Inflows have been mainly concentrated on broad indexations as investors are starting to rebuilt some exposure due to attractive valuation.

Fixed income indexations inflows have reached a 12-month record high at EUR2.4bn. Interestingly these fixed income flows have concerned all categories of European indexations. European Govies h ave b enefited f rom a ( still) d ecreasing interest rates environment in Europe, fuelled by deflation fears, whereas corporate and high yield indexations have benefited from investor hunt for yield due to very low interest rates. This yield search has also favoured strong inflows on EM debt indexations.

Commodities flows have reached a one-year record high at EUR274M with positive flows on Gold ETFs for the first time since one year ago, sustained by a renewal of tensions in Ukraine.