ETF Snapshot: Global stock ETFs post strongest weekly flows

Inflows of €2.9bn

In the week ending 16 February, global stock ETFs saw the strongest flows, according to data from TrackInsight, as investors remained bullish about the prospects for global growth.

The asset class saw inflows of €2.9bn, building on positive flows of €3.2bn over the two weeks prior. In January's World Economic Outlook the International Monetary Fund (IMF) revised October's estimate for world growth in 2018 up 20 basis points to 3.9% on the back of "increased global growth momentum" and the impact of President Donald Trump's tax cuts in the US. This could be a contributing factor to the inflows seen in global stock ETFs, which are yet to see a week of outflows this year. Also recording positive flows in equities were European large caps, which saw inflows of €1...