ETFs: Käufer setzen auf Aktien und Rohstoffe

Global ESG strategies and U.S. equity funds with a focus on distributions are currently the preferred investments. In terms of sectors, utility stock ETFs are being sold, while oil and gold products remain on the shopping lists.September 8, 2026. FRANKFURT (Deutsche Börse). The propensity to buy in ETF trading remains strong. “With trading volume on the rise, we saw about 50 percent more buys than sells,” reports Holger Heinrich of Baader Bank AG. Frank Mohr of Société Générale notes a similarly significant imbalance: Nearly two-thirds of orders are buys. Business is being boosted by the execution of savings plan orders at the beginning of the month. This is one reason why equity ETFs account for 80 percent of Société Générale’s trading volume—a figure above the usual level.ESG and Passive Income in DemandAccording to Heinrich, trading volume in global ETFs is shifting primarily toward ESG themes. The Xtrackers World Green Tech Innovators ( ) and the Xtrackers World Net Zero Pathway Paris Aligned ( ) are in high demand. The Baader trader is also seeing interest in U.S. strategies focused on passive income. Investors are buying the Xtrackers S&P 500 Defensive Shareholder Yield ( ) and the actively managed JPMorgan US Equity Premium Income ( ).In contrast, positions in the iShares S&P 500 3% Capped ( ) are being reduced. In this index, the weighting of individual companies from the S&P 500 is capped at 3 percent each. Mohr reports a significant buying surplus for U.S. equity ETFs. On the shopping lists are the Amundi Core MSCI USA ( ) and, in particular, the Invesco EQQQ Nasdaq-100 ( ). Frank Wollnitz of ICF Bank, on the other hand, sees selling of the Amundi Core Nasdaq-100 Swap ( ).Europe Shows a Slight Net Buying TrendAccording to Mohr, European equity ETFs are also seeing slightly more buying than selling. In demand are the STOXX Europe 600 products from iShares ( ) and Amundi ( ), as well as the iShares Core MSCI Europe ( ). Value plays a role as well. Heinrich notes buying in the Amundi MSCI Europe Value Factor ( ), while the Amundi MSCI Europe Climate Paris Aligned ( ) is on the selling side.Frank MohrMohr also highlights the actively managed JPM Europe Research Enhanced Index Equity Active ( ). Over the past year, the ETF has outperformed traditional index funds tracking the MSCI Europe benchmark by a margin of just over 22 percent. Over the long term, the performance is nearly identical.For German stocks, purchases and sales are roughly balanced overall. Nevertheless, investors are clearly betting on further price increases here. The Amundi Core DAX ( ) and the twice-leveraged Amundi LevDAX Daily ( ) are being bought, while the Xtrackers ShortDAX Daily Swap ( ), which is geared toward falling prices, is being sold.Utilities Displace Technology from the Top SpotIn sector ETF trading, tech products are, for once, not in first place. Leading the pack this time are utilities—companies that provide essential infrastructure services. This is primarily due to large sell orders in the Amundi MSCI Water ( ). There are also significant sell-offs in the iShares S&P 500 Utilities Sector ( ). Wollnitz paints a different picture for the L&G Clean Water ( ). ICF Bank’s clients are the primary buyers here.Oil and Gold Are Being BoughtWollnitz reports high trading volumes in the commodities market. Here, buying activity clearly outweighs selling. According to the trader, the oil price is rising again in light of the geopolitical situation. In this environment, investors are primarily turning to the WisdomTree Brent Crude Oil ETC ( ). Gold products are also in demand. Wollnitz notes purchases of the Invesco Physical Gold ( ) and the currency-hedged Invesco Physical Gold EUR Hedged ( ). He cites ongoing inflation fears due to high energy costs as the reason behind this trend.Short-Term Bonds and Covered Bonds in DemandIn the bond ETF market, corporate bonds with short maturities are at the top of investors’ shopping lists. Mohr reports purchases of the actively managed PIMCO Advantage Euro Low Duration Corporate Bond ( ), which holds corporate bonds filtered according to ESG criteria with remaining maturities of zero to four years. There is also strong demand for the iShares EUR Covered Bond ( ). This index fund invests in covered bonds with remaining maturities of at least one year. ◄Previous►NextBy Thomas Koch, September 8, 2026, © Deutsche Börse AG About the Author Thomas Koch is a CEFA investment analyst, investment specialist for structured products, and certified certificate advisor. Since early 2006, he has been covering capital market events as a freelance journalist.Please send feedback and questions to live@deutsche-boerse.com

ETFs: Käufer setzen auf Aktien und Rohstoffe

Şirketle ilgili diğer haberler