ETFs and ETPs listed in Europe received net inflows of US$5.4 billion in January 2014, according to findings from ETFGI’s January 2014 Global ETF and ETP industry insights report.
The pattern for net flows in January was very different for ETFs and ETPs listed in the United States which suffered net outflows of US$15.5 billion with Equity ETFs/ETPs having the largest net outflows of US$15.9billion, followed by commodity ETF/ETP net outflows of US$1.2billion, while fixed income ETFs/ETPs gathered net inflows with US$566million.
European listed ETFs and ETPs net inflows of US$5.4 billion in January were composed of Equity ETFs/ETPs gathering net inflows of US$4billion, followed by fixed income ETFs/ETPs with net inflows of US$2.1billion, while commodity ETFs/ETPs experienced net outflows of US$705million.
Deborah Fuhr, managing partner at ETFGI, said: "The buying patterns of European based investors indicates that they are more confident about developed markets including the US than investors based in the US in January 2014."
Equity ETFs/ETPs experienced the largest net outflows with US$11.8 billion, followed by commodity ETFs/ETPs with US$1.9 billion, while fixed income ETFs/ETPs gathered the largest net inflows with US$2.9 billion.