Okay. We've got this from Detlef and the gang.
'Yippee! Yippee! Yippee!'
Calm down. FFS.
The global ETF industry enjoyed overall inflows (+€83.6 bn) for March 2024.
ETFs domiciled in the U.S. enjoyed the highest inflows (+€109.6 bn) for the month, followed by ETFs domiciled in Taiwan (+€12.0 bn) and Ireland (+€8.5 bn).
Equity ETFs (+€113.2 bn) enjoyed the highest estimated net inflows for the month, followed by bond ETFs (+€23.7 bn) and alternatives ETFs (+€6.3 bn).
The best-selling Lipper global classification for March 2024 was Equity U.S. (+€55.5 bn), Equity Global ex U.S. (+€8.4 bn), and Equity Taiwan (+€7.8 bn).
ESG-related ETFs enjoyed inflows of (+€1.5 bn) over the course of March.
BlackRock (iShares) was the best-selling ETF promoter globally for March (+€34.9 bn). It was followed by State Street Global Advisors (+€25.6 bn) and Vanguard (+€24.5 bn).
Active/Semi Active ETFs enjoyed inflows of (+€26.9 bn) for the month.
Nice one, Nsikan.
Right. Let's see what our Detlef has got to say for himself ...
'Make it good, Detlef!'
Shut up, Voice. He's a professional.
'Of course he is.'
Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: "March 2024 was another month with healthy inflows for the global ETF industry. These inflows occurred in a further unstable market environment since the geopolitical tensions in Middle East, especially the Red Sea, increased over the course of the month. Nevertheless, since a number of shipping companies these days avoid the passage of the Suez channel, it is to be expected that the prolonged delivery times will cause some tensions for the still vulnerable delivery chains.
"Market sentiment was further driven by hopes that central banks - especially the U.S. Federal Reserve - have reached the last phase of their fight against high and further increasing inflation rates given their rather dovish statements during/after the respective central bank meetings."
Okay. Fair enough.
Thank you, Detlef.
'Very impressive!'
Yes.
ENDS
ENDS
ENDS
...
Anything else?
Thought(s) of the day, like?
'I like, boss!'
Okay.
Listen, kooks ...
If you're going through bad times ... depression, anxiety, bad health, trouble from the world, people getting you down, anything ...
If you laugh ...
If you really laugh ... a genuine laugh of joy ... no fakeness! ...
Do you know what you're doing in that moment? ... that moment of laughter? ... do you have any idea who you're laughing at??? ...
You're laughing at the devil, my friends ... and he really hates that.
I mean, he really hates it.
Now, there's a chance he'll come back at you with even more horror ...
However, my experience is ... he runs away.
Oh, where you going, devil?
He's scared of me. Yes! The devil is scared of me. How about that, eh?
I wish you all the best, my kooks.
ENDS
ENDS
ENDS
Pro tip: Even if the devil does come back at you: Laugh. Laugh again. Don't stop laughing.
