ETFs: Old favorites are new favorites

The crash has already been forgotten. What was popular before is still popular, especially large indices and tech trackers. Money market ETFs also see high inflows.

13. August 2024. FRANKFURT (Börse Frankfurt). Lower prices equal entry prices - that's the motto in the ETF market after the flash crash a good two weeks ago. “We are seeing a lot of inflows,” explains Frank Mohr from Société Générale. With 65 percent buying and 35 percent selling, the gap is wider than ever. Fabian Wörndl from Lang & Schwarz takes a similar view: “Buying dominates for us, in all categories.”

The stock markets have almost completely recouped the losses after the slump. The DAX was back at 18,410 points on Tuesday lunchtime. At its low a good two weeks ago, the index threatened to slip below 17,000 points. The US stock markets have also recovered strongly.  

Mohr reports high inflows into MSCI World (IE00B4L5Y983), S&P 500 (<IE000XZSV71>) and Nasdaq 100 ETFs. However, the time of above-average turnover of ETFs on the German equity market is over. “German equities only account for around 6 percent of turnover again.” According to Wörndl, most of the ETFs on the shopping lists are large ETFs, such as the MSCI World and S&P 500 trackers from iShares (IE00B4L5Y983, IE00B5BMR087). According to Mohr, the high trading volume of emerging market ETFs is also striking. The MSCI Emerging Markets had already fallen sharply since mid-July, but was able to make significant gains with the general recovery on the market.