Overall inflows into exchange-traded funds slowed towards the end of the first quarter as market volatility and uncertainty spiked amid the outbreak of war in the Middle East. Perhaps surprisingly, however, investor interest in core equity ETFs persisted, both at a global level as well as in emerging markets and Europe.
Daniel Dornel, Head of ETF Research, tells Chief Market Strategist Daniel Morris that inflation-linked products saw inflows late in the quarter as rising oil prices in particular fanned inflation concerns. He also notes that unlike previous Middle East oil shocks, gold-linked ETFs saw more outflows than inflows.
