European ETFs draw €8.1bn in week 21; Energy, staples lead

European-listed ETFs recorded net inflows of €8.15 billion in week 21, covering the five trading days from May 18 to 22, according to Trackinsight data. Equity ETFs accounted for €4,647.9 million of the inflows and Fixed Income ETFs €2,885.3 million. Commodity ETFs added €584.6 million and Multi-Asset ETFs €29.2 million. Cryptocurrency and Currency ETPs posted outflows of €16.0 million and €45.1 million, respectively.

At the sector level, Energy funds drew the largest net inflows at €755.4 million, followed by Consumer Staples with €606.9 million and Financials with €264.5 million. Health Care ETFs recorded smaller inflows of €46.3 million. Industrials saw the largest sector outflow of €596.8 million, while Materials and Information Technology recorded outflows of €378.7 million and €267.9 million, respectively.

Sector performance did not always match flows. Industrials posted the strongest weekly return, rising 4.29 percent. Utilities gained 3.59 percent and Health Care rose 2.98 percent. Materials lagged, declining 1.75 percent. Consumer Staples and Financials returned 0.72 percent and 2.91 percent, respectively.

By geography, World equity ETFs attracted the most capital, taking in €2,904.9 million. Developed Markets ETFs added €1,767.7 million and US-focused products collected €493.6 million. India and Japan-focused ETFs added €463.9 million and €368.9 million. Emerging Markets net inflows reached €178.4 million, while UK and Canada exposures gathered €123.6 million and €99.0 million.

Regional outflows were concentrated in the Eurozone, which saw a withdrawal of €917.5 million. South Korea exposures declined by €430.0 million and Switzerland lost €354.3 million. Europe-focused funds and Developed Pacific exposures recorded further net outflows of €296.9 million and €92.5 million, respectively.

On a country-performance basis, Sweden led gains with a 4.51 percent rise. South Korea and Taiwan posted gains of 4.47 percent and 3.90 percent. Indonesia was the weakest, falling 7.91 percent, followed by Turkey down 4.33 percent and Greater China down 3.48 percent.

Thematic strategies saw selective interest. China Disruptive Technology gathered €160.2 million, Space & Deep Sea €112.5 million and Global Infrastructure €89.0 million. Net Zero 2050 and Sustainable Development Projects added €66.2 million and €64.7 million. Space & Deep Sea led thematic performance, up 11.04 percent, while Disruptive Technology gained 10.09 percent. China Digitalization fell 4.39 percent and Cryptocurrency-themed exposures dropped 2.70 percent.

Within fixed income, Government Investment Grade ETFs led inflows at €1,086.9 million. Corporate Investment Grade and Aggregate Investment Grade products drew €493.5 million and €439.1 million, while Corporate High Yield added €171.1 million.

Commodity allocations were led by Agriculture ETFs with €232.0 million. Gold attracted €124.7 million, Multi-Commodity funds €108.8 million and Silver €92.5 million. Emissions-related products added €76.9 million, while Copper saw net outflows of €36.9 million.

Cryptocurrency ETP flows were mixed but net negative. NEAR recorded the largest crypto inflow at €8.1 million and Sui added €2.3 million. Bitcoin products posted the largest outflow at €16.5 million, with Solana and Ether seeing withdrawals of €5.9 million and €5.0 million, respectively.

Top issuers by net inflows were iShares with €1.84 billion, Amundi €1.53 billion and Xtrackers by DWS €1.16 billion, followed by State Street, Invesco, Vanguard and Fidelity. The most popular single funds by net inflows included the iShares MSCI ACWI UCITS ETF at €829.7 million and several Amundi world-screened sector ETFs. Quantum-computing themed ETFs led weekly equity ETF returns, with the Boreas Solactive Quantum Computing UCITS ETF up 16.57 percent and other quantum names posting double-digit gains.

The data cover net flows and performance across European-listed ETFs for the week ended May 22 as reported by Trackinsight.