European ETFs growth driven by underlying markets

The assets under management in the European exchange-traded fund (ETF) industry increased from €427.97bn to €464.15bn during October, the latest Thomson Reuters Lipper report has shown.

This increase of €36.18bn was driven mainly by the performance of the underlying markets (+€30.36bn), while net sales contributed €5.8bn to the overall growth of assets under management in the ETF segment.

With regard to the overall number of products, equity funds (€334.7bn) held the majority of the assets.

The highest assets under management were held by funds classified as equity US (€62.8bn), followed by equity eurozone (€47.2bn), equity Japan (€38.3bn), equity Europe (€28.8bn),
and Equity Global (€24.5bn).

While Equity Emerging Markets Global (+€0.9bn), equity Europe (+€0.8bn), and Bond USD Corporates (+€0.6bn) were the best selling asset classes.

The largest ETF promoter in Europe, iShares (€229.5bn) accounted for 49.45% of the overall assets under management, far ahead of the second placed promoter, db x-trackers (€55.9
bn), and Lyxor (€47.6bn).

While iShares, (+€4.1 bn), db x-trackers (+€0.5 bn) and Amundi ETF (+€0.4 bn) were the best selling promoters for October 2015.

The best selling ETF for October, iShares Core EURO STOXX 50 Ucits ETF, accounted for net inflows of €460 m or 7.90% of the overall inflows

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