January 2025 saw a dramatic reshuffling of Europe’s exchange-traded fund (ETF) investor preferences.
Morningstar data revealed that while tech remained king and gold glittered, energy giants saw their power dwindle.
Energy ETFs experienced notable outflows, mirroring a broader trend seen globally with investors pulling €468m (£390m) from the equity energy sector, its biggest monthly outflow since December 2023 – while €374m flowed out from the commodities energy sector.