“Italy’s increasing popularity with investors was the stand out over January with both equity and fixed income ETP seeing large inflows,” Welter added.
Investors have regained their risk appetite, throwing $172 million in new money into European cyclical sectors such as technology, financials and industrials. Meanwhile, defensive sectors, such as health care, food & beverage and utilities, experienced outflows of $130 million.
Europe currency funds also saw a 8.5% rise in total assets over January, led by “long euro” funds. Fixed-income funds that held sovereign debt posted a 1.9% increase in new assets month-over-month.
Some Europe-related ETFs listed in the U.S. include:
- Vanguard MSCI Europe ETF (NYSEArca: VGK)
- iShares MSCI EMU Index Fund (NYSEArca: EZU)
- SPDR DJ EURO STOXX 50 ETF (NYSEArca: FEZ)
- iShares S&P Europe 350 Index Fund (NYSEArca: IEZ)
For more information on ETF asset flows, visit our ETF performance Reports category.
Max Chen contributed to this article.