Amundi: ETF inflows reach a new record in February 2026
10 MAR, 2026
By Joanna Piwko from RankiaPro Europe
European UCITS ETFs recorded another record month in February 2026, attracting €48 billion in net new assets, new Amundi report confirms. This exceeded the previous record of €46.9 billion set in January, as investors continued to seek opportunities for portfolio rotation and diversification.
Equity ETFs accounted for the majority of inflows, gathering €39 billion, while fixed income ETFs attracted €8.4 billion during the month.
Strong demand for emerging market equities
Within equities, emerging market stocks attracted the largest inflows, with €9.5 billion in new assets. Investors were drawn to the segment amid concerns about the valuation of U.S. equities, the weakness of the U.S. dollar, and strong demand for technology hardware from countries such as Taiwan and South Korea.
Regional allocations also increased, particularly toward Latin America, which attracted €513 million. At the country level, Brazil led inflows with €497 million, followed by India (€449 million), South Korea (€433 million) and China (€129 million).
U.S. equities gathered €4.3 billion, trailing European equities (€9.2 billion) and global strategies (€7.6 billion), highlighting investors’ focus on geographic diversification.
Sector allocation remained an important theme. Industrial sector ETFs attracted €2.2 billion, while energy strategies gathered €1.2 billion. Among thematic ETFs, defense strategies saw close to €1 billion in inflows amid ongoing geopolitical tensions.
Fixed income flows focus on government bonds
Fixed income ETFs attracted €8.4 billion during the month. Government bond ETFs represented around half of these flows, with €4.1 billion in inflows.
Investors rotated strongly toward European sovereign debt, which attracted €2.5 billion, while U.S. Treasury ETFs experienced outflows of €632 million. Investment-grade corporate bond ETFs gained €1.5 billion, and money market ETFs attracted €1.3 billion as investors sought higher income compared with cash deposits.
ESG ETFs continue to grow
Sustainable strategies also saw strong demand. ESG ETFs attracted approximately €10 billion in net new assets in February, up from €9.2 billion the previous month.
Flows were divided roughly 60 percent into equities and 40 percent into fixed income. In fixed income alone, ESG strategies attracted about €4 billion, representing nearly half of total fixed income ETF inflows.
Overall, February’s record flows highlight investors’ continued focus on diversification across regions, asset classes and sustainability themes as ETFs remain a key tool for portfolio construction.
