The US-Israeli attack on Iran and the associated upheavals on the capital and raw materials markets also left their mark on the EFT market. European ETF investors retreated significantly in March, a Morningstar survey shows. After two exceptionally strong months with an average monthly inflow of 46 billion euros, inflows into European ETFs and ETCs slowed sharply to 9.4 billion euros – the lowest level since April 2024, the month after the announcement of sweeping US tariffs. Investors clearly chose to hoard cash rather than invest capital.
