It's Detlef again!
'Yippee!'
Are you happy, Voice?
'You bet your ass I am, boss! I love Detlef ... and the gang.'
Yes, we shouldn't forget the gang.
Detlef and the Gang.
Cool name for a band.
However ... he's devoted his life to finance. Never mind.
Anyway ...
ETF promoters in Europe enjoyed estimated net inflows (+€11.0 bn) for April 2023.
Assets under management in the European ETF industry increased over the course of April to €1,345.8 bn.
Bond ETFs (+€6.0 bn) posted the highest estimated net inflows in the European ETF industry for April.
The best-selling Lipper global classification for April was Equity Global (+€2.6bn), followed by Bond EUR Corporates (+€1.7 bn) and Bond USDGovernment (+€1.6 bn).
iShares was the best-selling ETF promoter in Europe for April (+€4.4 bn), ahead of Xtrackers (+€2.2 bn) and Vanguard (+€1.4 bn).
The 10 best-selling funds gathered estimated net inflows of €5.1 bn for April.
The best-selling ETF for April, iShares Core € Corp Bond UCITS ETF EUR D, which enjoyed estimated net inflows of €1.0 bn.
So ... ... ... What does this mean???
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "The market sentiment was still driven by hopes that central banks, especially the U.S. Federal Reserve, may have reached the last phase of their fight against the high and further increasing inflation rates and may, therefore, start to keep interest rates at least stable quite soon. Some investors already expect that there might be room for decreasing interest rates later this year.
"Nevertheless, there are still some concerns about geopolitical tensions, and the normalization of the disrupted delivery chains, as well as a still possible recession in the U.S. and other major economies around the globe. These fears are raised by inverted yield curves which are seen as an early indicator for a possible recession."
Oh, okay.
Thanks, Detlef!
'Nice one, son!'
Yes, er ... nice one.
ENDS
ENDS
ENDS
...
Anything else?
I've got to write another post later.
And I don't know what I'm going to write about yet.
I don't want to do another PR email.
So ... I shouldn't say too much here, you know?
'Wait until later!'
Yes.
'And then you can amaze everyone with your profound thoughts.'
Well, I don't know about that, Voice. I'm not really in the mood for profound thoughts at the moment.
'Oh.'
I just ...
'What?'
I don't know.
Never mind.
Laters.
'Bye!'
