European ETFs reach record high in Q32016

Assets invested in European ETFs and ETFs have reached a new record high of $567bn (€517bn) in Q32016, according to the latest data presented by research firm ETFGI.

Throughout September, European ETFs/ ETPs gathered net new inflows of $2.98bn (€2.72bn) marking more than two years of net net inflows.

The growth is in line with a global pattern, throughout the third quarter, with global assets reaching a record of $3.408trn (€3.11), of which more than two thirds were held in US domiciled funds.

Key drivers behind the influx were fixed income funds with European  bond ETFs/ ETPs gathering net inflows of $1.15bn (€1.05bn), followed by equity ETFs/ETPs with $1.04bn (€0.95bn), and commodity ETFs/ETPs with $667m (€608.19m).

“Although there was a rally after the FOMC’s vote to leave interest rates unchanged in September, the S&P 500 ended the month flat and the SJIA with a moderate decline of 0.4%. Developed markets ex-US and Emerging markets were up 1.5% and 1.2%, respectively” comments Deborah Fuhr, co-founder and managing partner at ETFGI.

The passives market remains heavily concentrated. According to ETFGI, iShares is the largest ETF/ETP provider in terms of assets with $266bn (€242bn), reflecting 46.9% of the European market share; db x/db ETC is second with $61bn (€55.62bn)  and a 10.8% market share, followed by Lyxor AM with $52bn (€47.21bn) and a 9.2% market share. The top three ETF/ETP providers, out of 56, account for 66.9% of European ETF/ETP assets.

Mona Dohle
Mona Dohle speaks German and Dutch and is DACH & Benelux Correspondent for InvestmentEurope.

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