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Vanguard ETF-Marktbericht August

September 2021

Highlights

  • Europäische ETFs verzeichneten im achtzehnten Monat in Folge Kapitalzuflüsse:1 Im September flossen 15,3 Mrd. USD in den Markt.
  • Die Zuflüsse in Aktien-ETFs zogen an, da im September 9,6 Mrd. USD an neuen Mitteln in die Fonds flossen, im Vergleich zu 7,6 Mrd. USD im August.
  • Die Zuflüsse in Anleihen-ETF stiegen von 3,5 Mrd. USD im Vormonat auf 5,5 Mrd. USD im September.

Im September beschleunigten die Zuflüsse in europäische ETF weiter auf 15,3 Mrd. US-Dollar, nachdem im Vormonat 11,6 Mrd. US-Dollar in die Anlageklasse geflossen waren. Der Großteil der Zuflüsse in den Markt entfiel auf Aktienengagements (9,6 Mrd. USD). Die Zuflüsse in Anleihen-ETF belebten sich aber ebenfalls von 3,5 Mrd. USD im August auf 5,5 Mrd. USD im September. Aus Rohstoff-ETFs wurden netto 44 Mio. US-Dollar abgezogen.

Innerhalb des Aktienbereichs verzeichneten Core-Aktien-ETFs in diesem Monat die höchsten Zuflüsse (7,0 Mrd. USD) und übertrafen nachhaltige ETF-Strategien (2,9 Mrd. USD). Die Zuflüsse in Core-Aktien ETF betrafen hauptsächlich US-amerikanische (3,8 Mrd. USD) und globale Engagements (2,4 Mrd. USD). Dem stand ein Abfluss aus Engagements in der Eurozone (-0,7 Mrd. USD) gegenüber. Die Zuflüsse in nachhaltige Aktien-ETFs waren vor allem für Engagements in den USA (0,9 Mrd. USD), Schwellenländern (0,8 Mrd. USD), globalen ETFs (0,4 Mrd. USD) und Europa (0,4 Mrd. USD) bestimmt. Aus Smart-Beta-ETF-Strategien wurde dagegen Kapital abgezogen (-1,1 Mrd. USD), vor allem aus US-Engagements (-1,2 Mrd. USD).

Im festverzinslichen Bereich flossen die neuen Mittel von insgesamt 5,5 Mrd. USD hauptsächlich in ETFs für Unternehmensanleihen (2,2 Mrd. USD) und Hochzinspapiere (1,3 Mrd. USD). Auf Staatsanleihen-ETFs entfielen 0,9 Mrd. USD der Zuflüsse. Im Bereich der Unternehmensanleihen-ETFs waren Engagements in der Eurozone (1,7 Mrd. USD) bei den Anlegern nach wie vor stark nachgefragt, gefolgt von US-Engagements (0,4 Mrd. USD). Die Zuflüsse in Hochzins-ETFs verteilten sich vorwiegend auf globale (0,5 Mrd. USD) und US-Engagements (0,4 Mrd. USD), gefolgt von Strategien in der Eurozone (0,3 Mrd. USD). Die Zuflüsse in Staatsanleihen-ETFs richteten sich hauptsächlich auf Engagements in China (1,1 Mrd. USD) und den USA (0,5 Mrd. USD) und wurden durch den Kapitalabzug aus ETFs für Schwellenländeranleihen (-0,6 Mrd. USD) gemindert.

Rohstoff-ETFs verzeichneten einen Kapitalabfluss von 44 Mio. USD. Den Zuflüssen in Edelmetallprodukte (82 Mio. USD) stand ein Kapitalabzug aus Engagements in den Bereichen Rohstoffe ohne Agrarprodukte (-44 Mio. USD), Energie (-35 Mio. USD), Energie und Metalle (-27 Mio. USD) sowie aus breiten Rohstoffindizes (-19 Mio. USD) gegenüber.

Vanguard UCITS ETFs

Die UCITS-ETF-Palette von Vanguard verzeichnete Nettozuflüsse von rund 0,5 Mrd. USD. Die Zuflüsse in Aktienprodukte (0,3 Mrd. USD) übertrafen den Zufluss von Kundenkapital in Anleihen-ETFs (0,1 Mrd. USD). In diesem Monat betrafen die Zuflüsse in Aktien-ETFs hauptsächlich den Vanguard FTSE All-World UCITS ETF (0,2 Mrd. USD) und wurden durch negative Kapitalflüsse aus dem Vanguard FTSE 250 UCITS ETF (-0,2 Mrd. USD) gemindert. Im festverzinslichen Bereich waren die Zuflüsse breit über die UCITS-Palette von Vanguard verteilt.

Die Palette der Vanguard LifeStrategy UCITS ETFs zog weiterhin Kundengelder an und verbuchte im September einen Zufluss von 44 Mio. USD.

1 Quelle: Vanguard, ETFbook, Stand: 30. September 2021. Daten abgerufen am 4. Oktober 2021. 

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