The European ETF industry enjoyed inflows over the course of January 2022. These inflows occurred in a positive market environment in which some market indices nearly reached their old highs. The market sentiment over the course of January was driven by hopes that central banks, especially the US Federal Reserve, may have reached the last phase of its fight against the high and further increasing inflation rates and may, therefore, start to keep interest rates stable quite soon. Some investors already expect that there might be room for decreasing interest rates later this year. Nevertheless, there are still some concerns