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Defence and AI dominate as European Thematic ETF flows hit record $8.73 billion H1 2025

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10 månader sedan

den

8 juli, 2025

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• Top Performer: Defence (+$7.87 billion)

• Emerging Themes: Cybersecurity (+$318 million), Uranium (+$253 million)

European thematic UCITS ETFs posted a dramatic resurgence in the first half of 2025, with net inflows of $8.73 billion year-to-date, according to ARK Invest Europe’s latest quarterly update detailing H1 2025 European thematic ETF flows.

The turnaround marks a decisive reversal from the muted flows of 2024 ($308 million net outflows for the whole of 2024), as investors rotate back into forward-looking, innovation-driven themes with clearer earnings visibility.

Defence remains the dominant thematic allocation, capturing $7.87 billion in combined net inflows between Global ($4.81 billion) and European ($3.05 billion) defence ETFs underscoring its evolution from a tactical trade to a structural portfolio allocation. Maintaining its position as the defining technological theme, AI ETFs saw $904 million in net inflows, with investor appetite fuelled by relentless innovation in large language models, robotics, and autonomous systems.

In the same period, Cybersecurity ETFs continued to rebuild momentum after significant outflows in 2024 ($311 million net outflows for H1 2024), drawing $318 million, reflecting growing investor conviction in cybersecurity as a structural necessity amid rising digital threats.

Clean Energy ETFs saw outflows of $307 million. As policy momentum stalls in key markets, investors are increasingly selective within the energy transition space. Capital is rotating toward subsectors with clearer economic moats, such as nuclear and grid infrastructure. Supporting this sentiment, Uranium ETFs rank fifth at $253 million, reflecting growing investor interest in the nuclear sector as a potential solution to global energy needs.

Healthcare Innovation ETFs recorded net outflows of $279 million. The drawdown reveals investor caution around legacy biotech firms with uncertain drug pipelines and reimbursement risks. Interest is shifting toward AI-driven healthcare platforms offering faster innovation cycles and more scalable business models.

Electric Vehicles and Battery Tech ETFs saw net outflows of $203 million as investor enthusiasm cools amid subsidy rollbacks and plateauing EV demand in major markets. Persistent concerns around battery raw materials and production bottlenecks have further weighed on the theme.

Rahul Bhushan says, “After a cautious 2024, it’s evident that investors are re-engaging with innovation themes that offer clearer earnings visibility and resilience in an increasingly complex macro landscape. We’re seeing investor conviction in megatrends with structural tailwinds, particularly defence, AI, and energy security. Thematics are no longer just tactical bets, they’re core strategic exposures.”

2025/2024 Comparative Study

Thematics are back

After a weak 2024, investor appetite for thematic risk has returned in force:

• H1 2025 total net inflows: +$8.74B

• That’s a sharp reversal from -$791M in H2 2024 and only +$483M in H1 2024

• The rotation is clear: capital is moving back into forward-looking themes with stronger earnings visibility.

Defence is now a structural trade

• Global and Europe Defence saw a combined $7.87B in inflows in H1 2025 and $1.59B in June alone.

• This continues a multi-quarter surge as geopolitical tensions, rising military budgets, and renewed industrial policy drive long-term allocations.

• Defence is no longer a tactical trade—it’s becoming a core exposure.

AI inflows normalise, but conviction remains

• Artificial Intelligence ETFs drew $904M in H1 2025, following $1.47B in H1 2024.

• Inflows may be slowing, but investor conviction is holding firm.

• With earnings delivery now catching up to narrative, AI remains a centrepiece of thematic portfolios.

Cybersecurity shows signs of stabilisation

After brutal outflows in 2024 (-$311M H1, -$260M H2), cybersecurity ETFs finally saw inflows:

• $318M in H1 2025, including $67M in June.

• This rebound suggests investors are once again prioritising digital resilience in an AI-driven world.

Infrastructure themes are quietly regaining traction

• Global and Europe Infrastructure ETFs pulled in $284M in H1 2025, following modest gains in H2 2024.

• Infrastructure is benefiting from government stimulus, defence modernisation, and the reshoring trade.

Uranium’s steady climb continues

• $253M in H1 2025, after $216M in H2 2024 and $67M in June alone.

• Indeed, the $67M in June alone nearly matches the $66M pulled in during the entirety of H1 2024.

• A rare clean energy theme that’s bucking the downtrend, reflecting growing recognition of nuclear as a pragmatic decarbonisation solution.

Clean Energy sentiment is so bad, it might be investable

• Outflows across all periods: -$307M (H1 2025), -$505M (H2 2024), -$409M (H1 2024)

• June 2025: A mere -$8M

• Sentiment is arguably as negative as it’s ever been—yet structural drivers remain in place. The setup for a contrarian rebound is building.

About ARK Invest Europe

ARK Invest International Ltd (”ARK Invest Europe”) is a specialist thematic ETF issuer offering investors access to a unique blend of active and index strategies focused on disruptive innovation and sustainability. Established following the acquisition of Rize ETF in September 2023 by ARK Investment Management LLC, ARK Invest Europe builds on over 40 years of expertise in identifying and investing in innovations that align financial performance with positive global impact.

Through its innovation pillar and the ”ARK” range of ETFs, ARK Invest focuses on companies leading and benefiting from transformative cross-sector innovations, including robotics, energy storage, multiomic sequencing, artificial intelligence, and blockchain technology. Meanwhile, its sustainability pillar, represented by the ”Rize by ARK Invest” range of ETFs, prioritises investment opportunities that reconcile growth with sustainability, advancing solutions that fuel prosperity while promoting environmental and social progress.

Headquartered in London, United Kingdom, ARK Invest Europe is dedicated to empowering investors with purposeful investment opportunities. For more information, please visit https://europe.ark-funds.com/

Liknande ämnen:Ark Investment Management Försvarsindustrin URAN

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Börshandlade fonder som ger exponering mot STOXX® Global Select Dividend 100-index

Publicerad

9 timmar sedan

den

10 maj, 2026

Redaktionen

STOXX® Global Select Dividend 100-index innehåller 100 aktier från utvecklade länder över hela världen med hög direktavkastning. Urvalet baseras på historisk direktavkastning och viktningen görs genom beräknad direktavkastning. STOXX Global Select Dividend 100-index innehåller i allmänhet 40 aktier från Nordamerika, 30 aktier från Europa och 30 aktier från Asien-Stillahavsområdet.

ETF-investerare kan dra nytta av kursvinster och utdelningar av STOXX Global Select Dividend 100-beståndsdelar. För närvarande spåras detta index av två ETFer. Den årliga förvaltningskostnaden ligger på mellan 0,46 – 0,50 % p.a.

Kostnad för STOXX Global Select Dividend 100 ETF:er

Den totala kostnadskvoten (TER) för STOXX Global Select Dividend 100 ETFer är mellan 0,46 % p.a. och 0,50 % p.a. I jämförelse kostar de flesta aktivt förvaltade fonder mycket mer avgifter per år.

Den största STOXX Global Select Dividend 100 ETF efter fondstorlek i EUR

1	iShares STOXX Global Select Dividend 100 UCITS ETF (DE)	2,392 m
2	Xtrackers STOXX Global Select Dividend 100 Swap UCITS ETF 1D	612 m

Den billigaste STOXX Global Select Dividend 100 ETF efter totalkostnadskvot

1	iShares STOXX Global Select Dividend 100 UCITS ETF (DE)	0.46%
2	Xtrackers STOXX Global Select Dividend 100 Swap UCITS ETF 1D	0.50%

De bästa ETFerna för att få exponering mot STOXX Global Select Dividend 100

Förutom avkastning finns det ytterligare viktiga faktorer att tänka på när du väljer börshandlade fonder för att få exponering mot STOXX Global Select Dividend 100. För att ge ett bra beslutsunderlag hittar du en lista över olika börshandlade fonder för att få exponering mot STOXX Global Select Dividend 100 med information om kortnamn, kostnad, utdelningspolicy, fondens hemvist och replikeringsmetod.

För ytterligare information om respektive börshandlad fond, klicka på kortnamnet i tabellen nedan.

Namn ISIN	Kortnamn	Avgift %	Utdelnings- policy	Hemvist	Replikerings- metod
iShares STOXX Global Select Dividend 100 UCITS ETF (DE) DE000A0F5UH1	ISPA	0.46%	Utdelande	Tyskland	Fysisk replikering
Xtrackers STOXX Global Select Dividend 100 Swap UCITS ETF 1D LU0292096186	XGSD	0.50%	Utdelande	Luxemburg	Ofinasierad swap

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BPDE ETF är en aktivt förvaltad fond som investerar globalt

Publicerad

10 timmar sedan

den

10 maj, 2026

Redaktionen

BetaPlus Enhanced Global Developed Sustainable Equity UCITS ETF – USD ACC ETF (BPDE ETF) med ISIN IE00060Z4AE1, investerar i aktier och aktierelaterade värdepapper i företag som valts ut av investeringsförvaltaren med särskilt fokus på företagens hållbarhetsegenskaper, vilket uppnås genom integration av miljömässiga, sociala och bolagsstyrningsfaktorer genom att tillämpa ESG-undantag och ESG-integration, samt företagens förmåga att erbjuda överlägsna tillväxtutsikter och investeringsegenskaper.

Investeringsförvaltaren förvaltar aktivt portföljen på ett sätt som gör att fondens aktiva risk- och avkastningsnivå förväntas vara måttlig i förhållande till den breda marknaden, vilket kallas ”BetaPlus Enhanced”-metoden.

Den börshandlade fondens totala kostnadskvot (TER) uppgår till 0,25 % per år. Utdelningarna i ETFen ackumuleras och återinvesteras.

BetaPlus Enhanced Global Developed Sustainable Equity UCITS ETF – USD ACC ETF är en mycket liten ETF med 17 miljoner euro i förvaltningstillgångar. Denna ETF lanserades den 16 juni 2025 och har sitt säte i Irland.

Handla BPDE ETF

BetaPlus Enhanced Global Developed Sustainable Equity UCITS ETF – USD ACC ETF (BPDE ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
SIX Swiss Exchange – Blue Chips Segment	CHF	BPDU
SIX Swiss Exchange – Blue Chips Segment	USD	BPDU
Xetra	EUR	BPDE

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April wrap-up: Bitcoin’s $79,500 – regime shift or bear rally?

Publicerad

11 timmar sedan

den

10 maj, 2026

Redaktionen

Welcome to the first monthly edition of the State of Crypto, cutting through the noise and helping guide your investment decisions at the start of every month.

April saw bitcoin’s strongest monthly performance in over a year, rallying 12% to $79,500.

While $78,000 remains a stubborn resistance level, the underlying market structure suggests a fundamental shift: the market’s largest holders are treating this correction as a structural buying opportunity.

BITCOIN IN THE MACRO BACKDROP

• Risk–on rebound: A recovery in tech and AI spilled into crypto, giving BTC the momentum to climb from $69,000.

• Policy and energy: With the Strait of Hormuz closed and energy–driven inflation sticking, markets now price in zero rate cuts for 2026.

• Patient capital: Institutional conviction is high. US spot ETFs absorbed $2.4 billion in April, while corporate treasuries – led by Strategy’s $2.5 billion purchase – are building a massive price floor.

MARKET DYNAMICS TO WATCH

• Flight to quality: Capital is slowly moving up the risk curve. Bitcoin dominance is at its highest since mid–2025 as investors favor blue chips over the DeFi sector, which has been hit by recent protocol exploits.

• Liquidity resilience: Stablecoin supply reached a record $321 billion. Unlike in prior cycles, when capital exited the market during dips, today’s dry powder is staying onchain.

• Miner health: Despite high energy costs, large–scale miners are accumulating BTC, signaling they expect higher prices ahead.

WHAT NOW?

The $74,400 zone has flipped from resistance to support. We are still waiting for a catalyst to clear the macro uncertainty, but the current consolidation looks more like a launchpad than a ceiling. A decisive weekly close above $78,000 would confirm a regime shift and open the path toward $85,000.

Get the full deep–dive: technical charts, an analysis of the ”mythos” AI effect, and our bull/bear scenario mapping for Q2.

Bitcoin ETFs and the $100,000 question

21shares Chief Investment Strategist Adrian Fritz spoke with CoinDesk about the nearly $2 billion in spot bitcoin ETF inflows year-to-date, calling it a sign of structural – not speculative – demand, and flagging $100,000 as a realistic year-end target if geopolitical conditions ease and inflows hold.

The Fed’s divided hold dampens bitcoin’s pivot hopes

Speaking to The Block, 21shares Senior Crypto Research Strategist Matt Mena weighed in on the Fed’s most split decision in over 30 years, arguing that hawkish dissenters threw cold water on the market’s rate-cut expectations heading into the Warsh era.

Warsh inherits a fractured Fed

21shares Head of Macro Stephen Coltman told Axios that Warsh will struggle to build a rate-cut majority at the FOMC so long as core PCE stays above 3%, noting that Wednesday’s dissents sent an early and unambiguous signal of the internal resistance ahead.

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Research Newsletter

Each month the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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