As we move into the final stretch of 2024, October witnessed a shift in European investors’ fixed income exchange-traded fund (ETF) holdings.
In a continuing trend, EUR High Yield Bond ETFs raked in €1.6bn (£1.34bn) in net inflows in October, as the European Central Bank made its second interest rate cut of the year.
BlackRock’s iShares € High Yield Corporate Bond ETF attracted the most inflows in the category with €1.1bn, its largest monthly inflow since July 2019. Trailing behind was the iShares € High Yield Corporate Bond ESG ETF which took in €222m, according to Morningstar data on flows for Europe-based ETFs.
