Thematic ETFs are having a moment

Global markets began the week in positive territory on news of upbeat vaccine trial developments and the unanimous agreement among EU leaders for an additional €750bn in coronavirus recovery funds.

June Equity ETF Flows back in positive territory

Stocks in Europe, the U.S. and China were mixed last week. The FTSE 100 jumped +3.20%, the FTSE 250 was up +0.99%, whilst the Stoxx Europe 600 saw an increase of +1.63%. The DAX was also up for the week with a positive return of +2.26%.

Credit Suisse surpasses $2bn AuM

Since their return to the ETF space in March of this year, Credit Suisse’s range of ETFs have surpassed $2bn in assets under management.

China’s influence grows

China has leapfrogged the UK and France to become the world’s fifth-largest fund domicile. The Asian country pulled ahead of established asset management markets France, the UK, Japan and Australia to seize 4.1% of worldwide fund assets.