The weakening euro has provided a boost to a number of European stock markets over recent weeks, with the French CAC 40 being the latest to break out to a decade high.
Assets held by the European ETF industry increased for a sixth consecutive year and marked a new all-time high at €631.2 bn at the end of December 2017.
The promoters of ETFs enjoyed net inflows (+€6.6 bn) for October. These flows were at the same level as the flows for September but were still below the rolling 12-month average of €6.9 bn.
Investors have not started panic selling German ETFs, despite the shock popularity of the nationalist Alternative for Germany (AfD) party, which gained 12.6% of the vote in the Federal Elections.
The promoters of ETFs enjoyed net inflows (+€3.1 bn) for August. These were the lowest monthly net inflows into ETFs in Europe since November 2016 (+€3.0 bn).
Low volatility ETFs are gaining renewed attention from investors this summer despite good performance from non-defensive sectors.